When you’re looking for it, you realise that franchise businesses are absolutely everywhere. Franchises offer people the opportunity to run their own business without the initial investment and high risk factor. It is a well-known fact that the majority of start-up businesses fail within their first year of operating. However, franchises are proven to perform…
Refranchising has always been a hot trend of the decade in franchising. The all-important question: Is refranchising beneficial franchisors, franchisees, or both? Refranchising is basically about selling the franchisors’ own units to franchisees. So, yes, franchisees are buying established franchise business with well-run operation and positive cash flow. To me, refranchising is a blessing –…
In the midst of tons of guides to buy a franchise, there are not many guides on how to sell a franchise. This article is one of the guides on how to properly sell a franchise unit. How this lack of guideline in selling a franchise unit could affect a franchisee? The answer is: A…
