New year, new you? Resolutions, set. Vision board, done.
If your new year’s goals have you wanting to be your own boss, you may be torn between starting your own business or investing in a startup. But setting up a business from scratch and starting with a new concept or idea can involve significant risks. Instead, you may want to consider purchasing an existing franchise resale; this can provide you the benefit of business ownership without the risk of starting up or opening your own company.
Why should I buy a franchise resale?
There are many benefits in purchasing an already existing franchise, also known as a franchise resale. Buying an existing franchised business gives you the best of both worlds. Franchising offers some traditional benefits including the training, support, and use of a proven business format. Buying a franchise also offers you the security of operating a business where the success rates are typically higher than those of independent operations. This can be attributed to greater brand awareness and familiarity. Few people like to risk their hard-earned dollars on an unknown company product or service. And an existing franchise business already has established customers, current staff, and a brand presence.
When purchasing a franchise resale, you are able to build upon a current cash flow as well as an existing client base, making your future a little easier to predict. Buying any business will typically require some form of financing and/or a banking loan. The benefits of an established revenue stream, existing customer base, brand awareness, and more will make your business plan even more solid and increase the likelihood of it being accepted.
Transworld works with franchise businesses and can assist in and guide you through the buying process. Transworld understands the unique challenges franchisees can face. If you are interested in buying a franchise, your local Transworld professional will work with you to manage the entire franchise resale process from beginning to end and beyond.
Transworld’s Franchise Resale Program team of more than 350 experienced professionals understand the individual needs of a franchise. Although it can be a stressful time, we understand that careful planning and preparation can make all the difference in securing a successful sale at a fair price. Call Transworld’s Franchise Resale Program today at (800) 205-7605.