I’m buying an existing business that happens to be a franchise. Is there anything special I should know or consider?
January 10th, 2014 by Gwen Green
You should obtain a copy of the franchise agreement and review it carefully. You should also determine if you’ll be required to pay the entire franchise fee, transfer fee, royalty fees, or advertising fees.
In most cases, the franchise will have to approve the transfer or sale of the franchise. If you are seeking SBA financing, it is important to determine if the franchise is one which is eligible for SBA financing.
For more information, visit the SBA franchise registry.