When the economy is strong, we see an uptick in those newcomers who have money and want to enter the multi-unit franchisee market.
It is also a hot market for current franchise owners to diversify and grow their portfolio, too. If you are in either of these buckets, this article brings in expert legal insight into what areas you need to consider if looking to sell your franchised business. Specifically, in the area of your franchise agreement, the consideration of a sale or transfer of ownership will trigger certain provisions. These key provisions should be negotiated, or at least closely reviewed at the outset when contemplating a sale.
Click the following link to read Kendall Rawls’ Multi-Unit Franchisee article titled: Due Diligence and Cleaning House Before the Sale
Read the article and then contact us to get some insights on your own scenario. Even if you don’t become a client, a few minutes with us may help you save years of headaches. Contact Us
Business value is tied to performance. Top talent, strategic vendors, and creditors will be influenced by the organization’s competitive advantage in the marketplace. Traditionally, transitions generally bring with it a drop in profits. It is crucial that your business is operating at peak performance in order to fulfill cash flow needs and expectations during times of transition.
Click the following links for more drill-down resources on Business Performance.
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We can help you with insights, other resources, and see if it makes sense to work together. At the very least, in 30 minutes, you may get some ideas you can apply to your business right away.