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Franchise Clearly Blog


Selling with Your Franchisor vs. Hiring an Independent Party

11/01/2021


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?

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

10/01/2021


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.

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Northeast UPS Franchise Sold: Shows High Demand

07/01/2021


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.

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Can Your Landlord Kill the Deal to Sell Your Business?

06/01/2021


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?

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Franchise Clearly Helps Military Vet Realize His Business Ownership Dream

04/28/2021


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.

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

04/21/2021


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.

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2021 Is The Year to Sell a Franchise Business

03/18/2021


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.

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