How to Buy, Grow and Sell a Franchise with Erik VanHorn: An EOFire Classic from 2020
Entrepreneurs on Fire
00:00
How Do You Prepare for a Sale?
Most of the time your buyers are going to be your neighboring franchisees and so that's why picking the market is important. Don't underestimate your employees but then if you're going to private equity of that is your type of buyer for this particular franchise. You just really need to know your financials and don't let a downward trend happen and sell when you're going on an upward trend. The most fun taxes are no fun but when you have a large cash inflow into your bank account you can do much more with that money.
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