Are you thinking about selling your franchise to take on another business venture or planning to retire following the coronavirus pandemic? If so, you should consider these top 3 reasons that might impact the sale of your franchise. At Atlantic Business Brokerage, we know how vital your franchise business is to you. As seasoned brokers with over 20 years of experience in the franchise industry, we want to prepare you to list your franchise business for sale. While a franchise sale is usually a streamlined process, there are a few reasons that might impact how long it takes for your franchise to be swept off the market.
Selling Your Franchise: Selecting the Best Timing
When you list your franchise, it’s essential to take into consideration the state of the market. Are you currently facing a buyers market or a seller’s market? If you’re facing a buyers market, then it means that buyers might have the upper hand in your franchise’s buying process. For your franchise to stay competitive and receive high-quality offers from buyers, you’ll need to ensure that your franchise is continuously profitable to make it a more attractive investment opportunity.
Proving Your Profitability
While undergoing the sales process, it’s vital to collect documentation that proves your franchise is a profitable business venture. By incorporating this documentation into your franchise’s sale, you can encourage healthy competition between buyers who are bidding on your franchise. This documentation can also increase your overall chances of receiving a higher bid, increasing your profit margin after the sale is finalized.
Working with the Right Brokerage Firm
With Atlantic Business Brokerage, you don’t have to worry about whether interested buyers will view your franchise listing or not. We’ve spent the last 30 years facilitating sellers to sell their franchise quickly and working with buyers to purchase their dream investment without any hiccups along the way. Working with the right brokerage firm can ultimately impact whether your franchise sale is successful or a total flop. Contact Atlantic Business Brokerage today!
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.