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Selling Your Franchise Business

10 Steps to Selling Your Franchise Business

I Want To Sell My Franchise

It’s easy to get started. If you are ready to sell your franchise, click here or for more information call 888-US-LOCATE (888-875-6228) and let SellFranchise locate a buyer for your business. Our minimum selling price for a business is $150,000. Just want more information? Contact Us.

  1. When you are ready to make the move and sell, fill out our Seller Information Form and we’ll send you the SellFranchise.com Introduction Package which includes a checklist of information we’ll need along with our Listing/Finders Fee Agreement. Sign and return the agreement along with our $250 processing fee and you’re ready to go.
  2. Return all of your checklist forms and financials to us, including your business profile and seller’s cash flow analysis. When received, we will arrange a phone meeting with you to review all of your information and make sure it is complete.
  3. At this point, we’ll send you a “Buyer Term Sheet” which outlines lender financing terms.
  4. A “Business Valuation” is set up (recommended, not mandatory) and a selling price is finalized.
  5. Your business’s listing is marketed and placed on a minimum of 5 proven Business-for-Sale websites. A copy of the business profile/listing is sent to you. All potential buyers are directed to our website to fill out the “Buyer Profile” form. The pre-screening process begins. Serious prospects are pre-qualified by a phone interview. A confidentiality agreement is signed by pre-qualified prospects only. We also check our own database of potential buyers and search for compatible direct mail campaigns going to competitors and local businesses, who might be interested in buying your business (all kept confidential, of course).
  6. Status reports are presented to you at the one-month mark.
  7. Interested, pre-qualified prospects are introduced to you while the search for buyer prospects continues.
  8. A conference call will be set up with buyer and seller to discuss details of the acquisition.
  9. A meeting will be arranged between the final buyer and seller. Letter of intent (LOI) signed after offer is made.
  10. Purchase agreement signed and business sale finalized/closed.