Selling your franchise is a tedious process that Atlantic Business Brokerage has the experience to guide you in.Sometimes a switch in the industry can be the change you need in your life. There are so many franchises to get involved with, especially in the food industry. In addition to choosing the right price to sell at, choosing the right time to sell your franchise business is vital. During the summer months, the days are longer and more investors are looking for their next profit. Atlantic Business Brokerage will advise you on the best practices to get your franchise sold well and timely.
Incentives to Sweeten the Offer
To make your offer more attractive to potential sellers, you should offer incentives. These include lowering your asking price, leaving your equipment for them, upgrading the infrastructure of your franchise, and offering seller financing options. Communication with a potential buyer is essential to finding mutual ground for sale to happen. Atlantic Business Brokerage has experts that specialize in your specific franchise and are skilled communicators.
Possible Promotion for Employees
As a small business owner, you have the opportunity to sell your franchise to someone within. Your franchise will be in good hands by selling to an appropriately trained employee and financially able to buy it. It will also cut down a lot of the process of selling the business. Another way to shorten the transfer process is finding a business partner willing to buy you out. Also, make sure to let your investors know your exit strategy sooner instead of later. It could save you time finding a buyer. Preparing your documents for sale can include letting your staff know about your departure.
Hire a Business Valuation Before You List
Selling your franchise at an accurate listing will ensure you get your money’s worth back. A business valuation calculates your net worth by considering your asset values, income assets, market competition, and more. A business valuation presents facts about your business practices, including the value of your franchise, that will support your listing price.
Sell With Atlantic Business Brokerage, Inc.
At Atlantic Business Brokerage, our mission is quite simple; we help sellers sell businesses, and buyers buy businesses! Over the past 30 years, ABBI has facilitated the sale of countless commercial properties, businesses, and franchised locations. With our unparalleled knowledge of the business purchase and sale industry and our network of contacts, we offer services to both buyers and sellers that no other brokerage firm can match. Contact us to discuss your business buying and selling goals today at 410-561-9800 or Toll-Free at 800-279-7569. Email us at [email protected], and follow us online on Facebook and LinkedIn.