Franchise Resale Opportunities

Transcript

Andy and Jessica welcome you to another episode of The Deal Board Podcast. This week, they dive deep into the world of franchise opportunities and guide you through the process of purchasing your first one. They discuss how buying an existing franchise can help you save time and money on your investment, the significant benefits of acquiring a franchise with strong brand recognition, and essential aspects to consider before making your investment. Explore the key differences between buying an existing franchise and an independent business, the types of tests and approvals needed, licensing requirements, and the potential hidden fees. Gain insights into the advantages of multi-unit franchisees, the advantages of buying a struggling brand, investing in low-level brands, how to gain access to investing in well-known brands, and more. Don’t miss this comprehensive guide to franchise resales and learn why your first franchise purchase could be your best investment yet. Tune in today!

Listing of the Week:

Kimberly Ramsey shares details about a small building materials manufacturing business in Eastern North Carolina, which has been operating successfully for seven years and generates consistent annual revenue. Currently expanding its distribution network, the business is priced at $849,000 with total revenue reaching $260,000. The sale includes real estate, making this an attractive opportunity for those looking to invest in a growing enterprise with a solid foundation and significant potential for expansion. For more information, call Kimberley at (919) 413-3392 or email her at [email protected].

Deal of the Week:

Steve Merritt introduces a popular franchise in Houston, Southwest Texas, known for its solid track record of success. Despite experiencing a recent downturn, the brand is making a strong comeback in the market. This re-emerging brand offers a strong multiple with 15 existing stores and plans for additional locations. This is an excellent opportunity for investors looking to capitalize on a franchise poised for growth and expansion. For more details, contact Steve at [email protected] or call him at (713) 303-4668.

Key Takeaways

[00:56] Benefits and opportunities of buying an existing franchise.
[03:35] Time and costs associated with starting a typical company.
[05:50] Advantages of investing in a well-recognized brand.
[08:30] Listing of the Week: Kimberly Ramsey (North Carolina) is selling a rapidly growing building material manufacturer.
[09:50] Deal of the Week: Steve Merritt (South and West Texas) sold a popular and successful cookie concept franchise business.
[12:03] How buying a franchise differs from buying an independent business.
[15:11] The steps to growing a single brand through acquisition.
[18:26] Final takeaways on why you should consider buying a franchise.

Links Mentioned in Today’s Episode:

Call us on (888) 719-9098
Email us at [email protected]

#thedealboard #transworldbusinessadvisors #realestate #commercial

Quotes:

“Once a franchise starts to establish [brand recognition], they do deserve and ask for a premium.” — @jessfialkovich [0:05:56]

“Some of these brands are so highly desired that you can’t just out and buy them unless you are already in the system.” — @jessfialkovich [0:06:49]

“[Buying a franchise] is a different process than buying an independent business – You are going to have to eventually deal with the franchisor and get approved.” — @acags [0:12:13]

“With a franchise resale, there could be some additional startup or transfer fees related to the training process.” — @jessfialkovich [0:13:56]

“If you can show [the franchise] that you are a good operator, you are going to have opportunities to build.” — @acags [0:16:57]

Mentioned in This Episode

• The Deal Board Podcast
• Subscribe to The Deal Board Podcast YouTube Channel
• Transworld Business Advisors
• United Franchise Group
• The Deal Board on LinkedIn
• The Deal Board on Facebook
• Transworld Business Advisors on LinkedIn
• Transworld Business Advisors on Facebook
• Steve Merritt
• Kimberly Ramsey