What a lot of people don’t realize, is that when a franchised business is sold, it will typically com
mand a higher valuation, than a “mom and pop” shop. Why? Because when a franchise is sold, the buyer is getting an entire system of support (marketing, training, operating, etc). So what does this mean to you? If you are interested in acquiring a franchise with the idea to sell in a few years, we should specifically screen for businesses that have held up well in the resale market. As many serial franchise buyers like to say: the only reason to buy a business, is to ultimately sell the business. Begin with the end in mind.
Vending Machine Business for Sale
These keywords are among the most “googled” search this month for franchises. Any idea why? I think a lot of people are looking to find an easy way to generate some passive income. I know this because I get periodic calls from people looking into buying a franchise, but they have no time to run it. There are business models that support this, but not many. I think there’s a misconception that because it’s a franchise, it will be easy. The truth is, it is much easier than starting something from scratch, but nowhere near easy. Running a business is demanding! It takes a lot of determination and will. It takes discipline and emotional strength. It takes patience and realistic expectations. Franchising is not a get rich quick scheme. It’s a get rich fast, with a lot less risk, long term plan. It does not produce instant results, in most cases. Are you really prepared to ride the waves of business ownership knowing that it will not be an easy or a smooth ride? If your answer is yes, that brings me to…
What are you buying with a franchise? You are buying a system. You are buying someone else’s education from the school of hard knocks. You are paying them to save you the tens of thousands of dollars in ineffective processes and systems, also known as “trial and error”. You are buying a detailed instruction manual on how to do every single aspect of your business well, the first time around, not the tenth. This is invaluable. And that is also why, when you are ready to advertise “Business for Sale” , your buyer will give you top dollar.
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