58: When Should You Consider Selling Your Franchise – Franchise Secrets

In this episode, Erik discusses through his other podcast, the Franchise Secrets Podcast, the points for you to consider when selling your franchise. There are good factors you need to identify to guide you in making this decision and things to carefully look into to help you make a wise choice.

Tune in to this episode now and understand more about why sellers sell and learn what you can do to be more effective and profitable in different situations.

What we talk about:

Why do people sell a franchise?
Some tax consequences and what to do about it
People buying for strategic reasons
Risk mitigation
Selling out because of life tragedy or life changes
The franchisor expectations factor
Industry shift
Changes in priority and heart
Who are the typical buyers?
How to start to have the selling/buying discussions
Looking at it from a buyer’s perspective
What if there’s not a buyer around?
Different valuations in different industries
Finding somebody that sees the fun in your business
Finding equity business partners that will run the business

What we mention:

- Franchise Secrets Facebook group
- Franchise Secrets Podcast
- Talk With Erik

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