Nine Steps to Buying a Franchise

Information

1

During this information gathering phase, we get to know a little bit about your background and why you are interested in buying a franchise by creating a franchise buying profile.

Research

2

Now we take your franchise buying profile and compare it to our large inventory of franchises available for purchase. Our work saves you an enormous amount of time and energy. We know which franchises match your background and interests and can quickly find out if it is available in your desired location.

Presentation

3

We present the franchises we found for you. We will provide highlights on each franchise and explain how they fit your criteria.

Communication

4

Now the hard work begins. We will help you search for your business, aid you in signing confidentiality disclosures, get you detailed information on the business, and set up showings with the seller. If your search takes longer than a few months, you may need to return to the education step.

Evaluation

5

We will share with you our expertise in deal structure, by helping you draft a contingent offer on a business that you would like to buy. A purchase and sale agreement will be presented to the seller. After any negotiations, you should be left with an executed contingent purchase agreement to buy a business.

Validation

6

We will share with you our expertise in deal structure, by helping you draft a contingent offer on a business that you would like to buy. A purchase and sale agreement will be presented to the seller. After any negotiations, you should be left with an executed contingent purchase agreement to buy a business.

Assurance

7

Final preparations will be made for lease assignments, utility transfers, financing, merchant service accounts, inventory counts and any other last minute preparations to make the transfer as seamless as possible. Your acquisition will usually be completed by attorney with signing of several documents and the payment of the balance of the purchase price.

Exploration

8

We will share with you our expertise in deal structure, by helping you draft a contingent offer on a business that you would like to buy. A purchase and sale agreement will be presented to the seller. After any negotiations, you should be left with an executed contingent purchase agreement to buy a business.

Conclusion

9

Final preparations will be made for lease assignments, utility transfers, financing, merchant service accounts, inventory counts and any other last minute preparations to make the transfer as seamless as possible. Your acquisition will usually be completed by an attorney with the signing of several documents and the payment of the balance of the purchase price.

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