How to Sell A Franchise Business
SELLING A FRANCHISE BUSINESS
With a franchise business, your business should be worth a little more than a non-franchise business that makes the same money, because of a number of factors. Those factors are the brand, the systems and the inherent transferability of the business. When selling a franchise business, you are not just selling your business, you are transferring a relationship with the franchisor. If you have a good franchisor, then you are lucky. If not, you need to keep working on your business to make it as attractive as possible to a buyer.
Maximising Profit Before Sale Process
- Fully systemise your business.
- Keep the income of your business on an upward curve.
- Keep up to date with lead generation.
- Boost your social media presence and engagement.
- Increase diversity of clients across the casual, regular and corporate sectors.
- Find ways to differentiate yourself from competitors.
- Don’t allow labour costs to get out of hand.
- Make sure you are selling the business on its tax figures. The days of lying about your figures to the tax department are over.
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They opted for BCI:
Founder and M.D. - Jump Start
" I sold my business for the price, terms and hand-over that I wanted, and it was all because of Tony. His decades of experience and excellent people skills gave me confidence, reassurance and guidance throughout the entire process. He had ... "
M.D. - Sherlock Consulting
"For 20 years plus I have seen the results of Tony’s business and the professional way he handles his clients….. He is a man of action and stands behind his words….. It’s nice to see and meet a person who is courteous, honest and willing to go the ... "
Director - Fields of Beauty
" Tony, Thank you, for your commitment, professionalism, and dedication to selling my business . I could not have asked for a better broker to sell it! ... "
Director - PALMERBIZ
" If you are considering selling your business, don’t waste your time shopping around for a broker that doesn’t even understand business. Go straight to BCI Brokers and get the professional service that you deserve ... "
Director, Franchise Systems Grp
"Tony puts the interests of his clients at the forefront. He takes a proactive approach to each project and helps his clients understand the reality of the situation. He knows what is required to get a positive result and has proved to be a longstanding colleague ... "
Pro. Services Franchisor
" I have worked with Tony over a number of years in different capacities, firstly as a Franchisor with Tony brokering the sale of a franchisee in our system and then as an advisor to our system. On all occasions I have found Tony to be well informed and ... "