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If you are thinking about selling your franchise business, you may wonder just where to start. How will you advertise your franchise for sale? How will you locate a qualified buyer for your business? How will you make sure that you are getting what the franchise resale is worth?
By now, you probably realize that you’ll need some help selling your franchise business. But where do you turn? The franchise company is in the business of selling new franchises, and usually offers little assistance if you wish to sell your franchise. Franchise business brokers can help, but they’ll take a hefty 10- 15% of your sale price. And if your business is worth less than $1 million, a franchise broker probably won’t be as interested.
Read more > January 14, 2008, 6:03 pm