Franchise Exit Plan

By: A Staff Writer

Updated on: Oct 28, 2024

Even if you love your franchise, life happens. Have a plan for what comes next…

Know Your Worth: Understand how franchises are valued – what can you realistically sell for when the time comes?

Build to Sell: Run the franchise with the intention of attracting a buyer one day (clean records, strong staff).

Consult the Pros: Advisors and brokers specialize in franchise resales and successions. Get them in your corner early.

Smart franchisees consider their exit strategy from the beginning – it maximizes their long-term return.

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