Tuesday, August 12, 2008

Franchises for Sale

Franchises for Sale

There are several franchise business directories offering lists of franchises for sale. These are a convenient way to do some initial research and learn what's involved with buying a franchise. You can typically sort by category (industry, investment, etc.).

Many directories have useful, insightful articles to help you make informed decisions when you go to buy a franchise. Read as much as you can and take notes on the different franchises for sale.

Bringing in an accountant to examine the books of an existing franchise for sale is very wise. Unless you have a detailed accounting background, get referrals from friends and business owners you trust for a qualified accountant who has some experience in business evaluations.

An accountant will review the franchise's financial statements and help you understand them. They can also help you develop a business plan. You might want to get a Dun & Bradstreet report on the franchisor. Your accountant should assess the earning projections made by the existing franchise for sale and help you understand the assumptions on which they are based.

Franchises are not for everyone. If you're someone who wants things done your own way all the time, you may be frustrated if you buy a franchise and need to do things a set way. Be aware of what requirements there are to running a franchise and make sure you are comfortable with them. Make sure you evaluate the franchisor carefully. Some are better than others.

As mentioned before, there are plenty of franchises for sale, just turn to the Internet and Google. You can find all the franchises for sale without leaving the comforts of your home. Researching franchise that are for sale takes time. Make sure you invest the time to find the right franchise business. It may save you grief in the long run.

Find the highly rated franchise directories that offer a list of franchises for sale, and spend your time going through the plethora of franchises on the list. If you have your mind made up on the type of franchise you would like to buy, start with that category. But remember, have an open mind, you never know where your research will lead you.

You can find additional information about franchises for sale at http://afranchisesolution.net.

Jeffrey Sloe, Internet Marketing Advisor to The Ultimate Team
440-725-3729
jeff@internetmarketingadvisors.net
http://ultimate.org

 

 

 

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