How To Buy A Franchise
- First things first: Complete our online Buyer Registration. Before we provide any buyer with sensitive or detailed financial information, we need to feel confident the buyer has the means and background to purchase the business.
- Some business listings are managed by the Franchisor. On those listings, Franchise Sellers will forward your information (with your prior approval) to those managing the resale. We offer advice as needed to the seller, buyer and Franchisor.
- On most of our listings, Franchise Sellers works directly with the seller to market and sell their franchise business.
- Then, one of our professional advisors will provide you with a Data Room link. There you will find detailed information on the listings you want to review.
- Take your time reviewing all the information. Then, Franchise Sellers coordinates a conference call/webinar with the seller. Sometimes a facilities tour is included, if possible.
- Next, with our help and the help of your primary business advisors, we present, negotiate and execute a Letter of Intent.
- You perform due diligence. This includes franchise approval, lending, facility lease transfer, and any other details required for transfer of the business.
- The Purchase Agreement to buy a franchise is finalized with assistance of legal counsel of the seller and buyer.
- After that, we prepare and execute closing documents
- Finally, your transaction is closed.
- At last, everyone celebrates!
