Today, a franchise is a rather profitable cooperation of both parties. The buyer invests in the seller's business, and the seller shares his secrets with him and provides support in the work. As a result, the network begins to develop faster, gaining more and more popularity throughout the country.
It is necessary
Internet access
Instructions
Step 1
State the benefit for the franchise buyer. Here you need to clearly understand what exactly a person will receive - support from your side, training, software, goods. At the same time, you need to give an answer to the buyer of the franchise to the question why he needs to buy this particular franchise, what is the peculiarity of your business. Consider what key feature the firm has that the competition does not. This is exactly what needs to be described in the section what the buyer of the franchise will receive.
Step 2
Formulate the requirements for the buyer. First, start by determining the amount to be paid. Determine the down payment (one-time payment), royalties, and advertising fees (often missing). Now you need to designate an area that is interesting for the development of your business. Finally, define the additional requirements required directly to open a dealership. This includes the start-up investment and the size of the premises in which the dealership will operate.
Step 3
Place an advertisement for the sale of a franchise on specialized resources. Today on the network you can find many portals dedicated to the sale and purchase of a business, it is there that you can find a wide variety of offers for buying a franchise. After a while, using the specified contacts, people will start to contact you to complete the transaction.
Step 4
Sign the Franchise Purchase Agreement. It is very important that this document is drawn up by competent lawyers. Remember that franchise buyers will always look for potential "holes" in the contract to take advantage of new opportunities. And at the same time, you need to leave some room for a little wiggle room, otherwise your franchisees will feel trapped in a cramped confinement.
