Franchise for Sale: Checklist Essentials for the Buyer

Franchise for Sale: Checklist Essentials for the Buyer

Looking for the perfect franchise opportunity? Then you will appreciate the many businesses for sale as listed on our website. With more than 60 brokers in our network, we make it our business to find the best opportunities. In addition, we have already sold more than 1 194 businesses in South Africa.

Rather than browsing the Internet in the hopes of finding a franchise for sale that matches your expectations, register online at our site to gain access to the information on the opportunities. For comprehensive information about an opportunity, let our brokers contact you. They are experienced in matching buyers with profitable business models.

How It Works

We list businesses after our brokers have gathered the required information. They do the footwork, so you do not have to. This includes ensuring that financials are available and knowing what royalties are payable, training is provided, and support structures are in place. They work closely with the sellers and the buyers. As such, the guesswork is taken out of the picture.

Browse for opportunities on our website and register online to have brokers contact and provide you with more details about the selected opportunities. The brokers validate your finances and make sure they understand your exact requirements for the opportunity that matches your budget, location needs, operational preferences, and more. They also introduce you to franchises and other businesses for sale that are not listed on the website.

What You Can Expect from The Process

Use our online checklist when entering a purchase agreement to minimise the risk of delays or misunderstandings. For one, you will sign a purchase offer agreement, which will set out the obligations and rights of each party. The next important aspect is the lease agreement. It is essential to negotiate a favourable lease agreement as it will form the basis of the long-term relationship with the landlord.

Make sure all the licences are up to date regarding the particular type of business. Also ensure that you renew the licenses in time. To this end, you may want to make use of the business consultant used by the previous business owner as the person has already established report and understands the process.

The next important aspect is to open the bank account in the trading name of the business entity. Link the payment systems with the bank account. Transfer the telephone line and web address to your business. Introduce yourself to the staff members and build trust. You will also need to pay a deposit before the business will be handed over to you.

Prepare for the initial three months after takeover as you can expect a small dip in turnover during the period until operations have returned to previous levels or have improved. This means you should save money to ensure healthy cash-flow during the period.

For more information on the checklist, view the buyer section. Browse our website for franchise for sale opportunities and register to have broker help you find the best opportunity to match your needs.