- Define the Ideal Buyer Profile
- Financially Qualified – Meets minimum liquidity and net worth requirements.
- Operational Fit – Skills, experience, and willingness to follow the franchise system.
- Values Alignment – Shares the franchisor’s brand vision and customer service standards.
- Highlight the Benefits of the Existing Unit
Unlike starting new, an established franchise resale offers:
- Proven Track Record – Existing revenue, customers, and staff.
- Reduced Ramp-Up Risk – Buyer can step into a running operation.
- Location Advantage – Prime territory already secured.
- Brand Recognition – Built-in reputation and community presence.
- Prepare Accurate Financials
- Provide clean financial statements, P&L, and cash flow history.
- Transparency builds trust and attracts serious buyers.
- Show growth opportunities (e.g., underutilized marketing, menu expansion, community engagement).
- Market Strategically
- Importance of Confidentiality – Employ marketing strategies while maintaining confidentiality so that the buyer is not able to identify the business until an NDA is signed
- Internal Network – First, promote to existing franchisees (they know the system and may want to expand).
- Externally – Business Resale Sites, Franchise Broker Networks, Paid Online Advertising
- Local Outreach – Business Associations, Chambers of Commerce, LinkedIn Groups
- Streamline the Process
Have a franchise resale packet ready with:
- Overview of the business
- Financial performance
- Demographics of the area
- Growth opportunities
- Make it easy for buyers to see value quickly.
- Screen Buyers Carefully
- Use franchisor’s approval process to vet buyers.
- Ensure they meet both financial and operational requirements.
- Look beyond just money — culture fit is key to long-term success.
- Work with Professionals
- Franchise Transitions – Save time and increase your chances of selling the business for top dollar
- Attorney & Accountant – Protect both seller and buyer in negotiations and deal structure
- Franchisor – Work closely with Franchisor to ensure a smooth transfer and onboarding of new owner