Call us today 877-557-0222

Franchise Clearly Blog

Is NOW the Time to Sell Your Franchise?

One is the economy. It’s been giving off mixed signals for more than a year after we’ve technically recovered from the pandemic. The stock market is flat; inflation is still rampant. Your costs have gone up, which means your cash flow is tighter. That’s eroding the value of your business bit by bit.

Click Here to learn more.

Can an Employee Buy Your Franchise?

When we get ready to help an owner sell their franchise, an important part of our job is to find qualified buyers. That includes a category of buyer some owners might overlook: their own employees.

Click Here to learn more.

Expanding Your Franchise Ownership Might Be Easier than You Think

If you’re considering expanding from a single franchise unit to multiple units, you’re making a smart move. And it may be easier than you think. Here’s what you should know about moving to MCO (Multiple Center Operator) status.

Click Here to learn more.

How to Sell Your Company to the Highest Bidder

If 2022 is your year to sell your franchise, you’re in luck. FOMO (Fear of Missing Out) has finally hit the business market; we’re seeing multiple buyers interested in every new listing. Many are very motivated because they’ve missed out on previous deals.

An experienced business broker can help you assemble a pool of qualified buyers and help you make the best deal for your company’s sale.

Click Here to learn more.

Should You Consider Seller Financing When You Sell Your Business?

Seller financing is something we bring up with every deal we broker. We’re not surprised when the answer is “no;” almost every owner declines at first. After all, that’s why they’re selling – to get out of the business. But most change their minds when they hear how they can benefit.

Click Here to learn more.

What Goes into Determining Your Franchise’s Sale Price

An experienced business broker has two jobs. The first is to help you determine a price for your business that will net you the most value. The second is to find qualified buyers and structure the best deal possible.

Click Here to learn more.

Why You Shouldn’t Buy a $400,000 Ferrari Before Your Business Sale Closes

A fitness business franchisee of a national franchised fitness center accepted an offer from a qualified buyer. While excited to be stepping away from his business as he had other business opportunities he wanted to pursue, he made an interesting terrible decision before the business sale closed escrow.

Click Here to learn more.

When is The Best Time to Sell Your Business?

If you’re a franchise owner, this is a great time to consider selling your business. Economic conditions are right and the cost of borrowing money is still low so that means buyers are plentiful. However, is the time right for you personally? The answer depends on several factors. Here’s what you need to think about.

Click Here to learn more.

When Should You Tell Your Employees About Selling Your Company?

When you’re in the process of selling your business, you have hundreds of details on your mind. Documentation to gather, papers to sign, meetings to attend…it can be overwhelming. But it’s important to add one more detail to your plan: when and how to tell your employees about the sale.

Click Here to learn more.

Selling with Your Franchisor vs. Hiring an Independent Party

Most business owners know that instead of turning around and locking the door to your business the final time, it’s much better to hand the keys over to a willing buyer in exchange for a sizable check. What may not be so clear are the options when you decide it’s time to sell. List your business with your franchisor? Or seek the services of an outside party?

Click Here to learn more.

If You Already Have a Buyer, Do You Need a Business Broker?

When you started your business, you probably didn’t spend much time thinking about how you were going to leave it. The reality is, you will exit your business one day. Shaping the terms of the departure is something that requires careful planning.

By far the most desirable (and lucrative) outcome is to liquidate your years of hard work in the form of a business sale. One of the advantages of belonging to a franchise network is that there are usually many willing buyers that already understand and value your business. Finding a buyer might be as easy as letting your fellow franchise owners know you’re for sale. It can make for a clean and fast transaction.

Click Here to learn more.

Northeast UPS Franchise Sold: Shows High Demand

Just 25 miles northwest of Pittsburgh is the town of Monaca, Pennsylvania. It's where Michael Sklack and his wife, Donna operated their UPS franchise location for nearly 15 years. It's a small town of about 6000 people, but the close proximity to some major metropolitan areas meant they had a steady stream of customers.

Click Here to learn more.

Can Your Landlord Kill the Deal to Sell Your Business?

Imagine going through the process to sell your franchise business. You’ve agreed on a price, the franchisor approved the new buyer and financing is a go. But there’s a problem: Your landlord objects. You pull out your lease agreement and it says you have to pay thousands in lease assignment fees even IF the landlord accepts the buyer. How could that be? How could your landlord hold up your life plans, potentially millions of dollars, and kill a good deal for everyone?

Click Here to learn more.

Franchise Clearly Helps Military Vet Realize His Business Ownership Dream

In 2010, Blane Britton was pumping iron at an Anytime Fitness location in Marian, Arkansas. He was just 17 years old at the time and contemplating some upcoming life decisions. That's when the idea hit him. He was going to own his own gym.

"Living a healthy lifestyle became a passion of mine, and honestly, it changed my life," he says. Not knowing what to do next, he struck up a relationship with the manager. After dozens of questions and getting a feel for what it took to run a gym, he reached out to Anytime Fitness Corporate.

Click Here to learn more.

What’s Your Franchise Business Worth?
Do your Expectations Meet Reality?

The sale of your business may be the largest transaction you will ever do. Because the stakes are so high, nobody wants to get it wrong. When it comes time to price your business, it’s ok to aim high, but setting your expectations too lofty can ruin your chances of finding a buyer quickly - or at all.

So what’s the right price for your business? "It’s both a science and art," says Jon Franz, founder of Franchise Clearly, a firm that specializes in selling franchise businesses. When determining a sales price, Franz looks at the total owner benefit and compares that to other similar businesses that have sold recently.

Click Here to learn more.

2021 Is The Year to Sell a Franchise Business

2020 was a brutal year. It changed the way all of us looked at our lives, our goals, and our priorities. We learned what was important and we made big decisions about the future. If you’re a franchise owner, you’ve survived a very tough year. Congratulations on coming out on the other side.
The good news is, economists are predicting a much better 2021.

And that’s why it might be time to consider selling your business. Here’s why.

Click Here to learn more.

As Seen On