Buying a franchise business may be tempting because of the brand name and proven systems. But when you decide it is time to get out, will you be able to sell your franchise?
I canvassed a number of franchise experts and professionals who sell businesses for a living, and they were divided on whether a franchise was easier to sell than a stand-alone, independent business of a similar nature. Here’s what they had to say:
Selling a Franchise: The Benefits
1. Customers are loyal to the business, not you
“When you pick up a Big Mac, you’re probably not choosing McDonald’s because you’re loyal to the owner of that franchise,†says Joel Libava, a specialist in helping people choose franchise businesses.
