How do I sell My Restaurant Franchise?

Summary:
The absolute first thing that you must do is to contact your franchisor. Do not be embarrassed! Franchisors expect that a certain percentage of their franchisees will someday want to sell their franchise. It is normal. There are many reasons for a franchisee to want to sell a franchise. Your reason for wanting to sell is probably a legitimate reason, something that the franchisor has probably heard many times before.

Finding Qualified Buyers for your Business

Summary:
You’ve worked hard to grow your business into a successful venture.  Now you want to sell it and reap the benefits of all those years of hard work.  There are many questions involved with selling a business, but the most important is: How do you find qualified buyers?

Due Diligence – I don’t need it (ya right)

Summary:
You have been searching for various businesses for sale and now you have found that perfect business to buy. The business is represented by a reputable broker. You are comfortable with the terms, and now you wish to enter into contract and proceed with the due diligence phase. Everything you have been told by the seller and broker sounds good and feels right. So what’s next? How deep do you need to dig?

Don’t start it, buy it!

Summary:
Why should you buy a business versus starting
your own? Here are ten solid reasons:

Business Selling Process (Simple)

Summary:

Simple Business selling guide will provide easy simple direction to business seller what to do on business selling process.

Keywords:

businesses for sale, business for sale, small business for sale, buy a business, sell a business, buying a business, selling a business

Article Body:

Business Selling Process (Simple)

1. Determining the fair market value of the business 

2. Set Preparing all books and records for prospective buyers 

3. Putting the business on the market 

4. Dealing with the potential buyer 

5. Recieving an offer 

6. Negociation - Price, Terms, and Condition 

7. Accepting an offer 

8. Provide all necessary books and records to the buyer 

9. Work with the buyer to remove all contingencies of the contract 

10. Signing the closing statement (1~3 days before the closing date at the escrow) 

11. The night before the closing date 

12. The closing date

Business Financing Guide (Simple)

Summary:
This business financing guide shows the items that you will need to prepare if you are planning to get loan from financial institution when you buy business for sale

Article Body:
This business financing guide shows the items that you will need to prepare if you are planning to get loan from financial institution when you buy business for sale. Getting financing can be easier with knowledge about the financing and with complete preparation of documents and statements in process of buying business for sale.

Step 1. Find a Business for sale at BusiMarket.com site for businesses for sale and commercial property for sale on the market. As soon as a property is found, make any necessary contacts to sellers.

Step 2. Get Purchase and Sale AgreementGet the sale agreement from Brokers, attorneys, or Escrow companies.

Step 3. Find a LenderFind a Loan Officer that will take care of your financing needs.

Step 4. Prepare Required Documents - Purchase and Sale Agreement for the Business or Commercial Property,
- Personal Financial Statement provided by the lender,
- Income tax returns from both buyer and seller from the last three years
- an up-to-date income statement,
- Resume from the buyer,
- Lease Agreement(if applies),
- Assignment for Lease (if applies),

Step 5. Finally, wait for the loan approval (usually takes 2-4 weeks)

Since the financing process can be different on type of business, location, and buyer's situation. The information above is for information only and BusiMarket.com does not guarantee accuracy of information.

Business Buying Guide - Detail

Summary:
Business buying process can be easy with following step by step business buying guide.  It is always good to check little things as much as possible when you buy  <a href="http://www.busimarket.com">business for sale</a> since business buying process takes a lot of details.






Article Body:
Business Buying Process

First, You have to determining your investment.  Usually minimum down payment made by the buyer is 30% of the purchase price.  For example, if the business purchase price is  $100,000 and loan amount is $70,000 (70%), then the buyer's down payment needs to be $30,000 (30%).  Other possible expenses are inventories, supplies, escrow fee, license and permit fees, franchise transfer fee (if applies), etc.

And then you have to set criteria of desired business. Which includes location of business, type of business, price range of business, desired income of business.

After you decide your investment amount and criteria of business, you will need to find a right business that fit your needs.  You can search business through online business listing service site like www.BusiMarket.com  <a href="http://www.busimarket.com">Business For Sale</a>, local newspapers, or through local business brokers or real estate agents.

If you find a business that you want to purchase, you will need to evaluate the business through current owner's income information and your projected income for short term and long term.
And then you need to make decision to purchase business or not.  If the business is right for you, you need to write a very descriptive and detailed contract (Purchase and Sale Agreement).

When you are writing an offer, you have to make sure the contract includes the followings: Your offering price, Initial deposit amount, financing terms, closing date.   Other terms and conditions that can be added to the contract is buyer's loan approval, lease and lease approval from landlord, buyer to obtain all necessary licenses and permits, franchisor's approval of ownership transfer, the buyer's Satisfaction of books and records, closing cost allocation, buyer training session, business equipment and fixtures in good working condition, inventories and supplies amount, seller's agreement not to compete, etc.

After you finish writing an offer, you need to present your offer to seller.  Negotiate the price, terms, and conditions and settle with final price and terms and condition.

Now you will need to allocate the purchase price of business that you are buying.  After you done purchase price allocation, you will need to apply for loan, license and permits.

and then you will need to obtain a lease or sublease.  You will need to make sure you obtain the lease or get an approval of lease assignment before close of escrow no matter what happened.

And then on or the day before the closing date, you will need to review the equipment list that is provided at the time of the acceptance of the Purchase and Sale agreement and buy inventories and supplies. And then you can do the closing on the closing date.

BizOps. I Was Scammed! (Or Not)

Summary:
So you searched business opportunities for sale. And you bought into that claim about how you would make thousands of dollars per day without even working? You could even make money in your sleep, right? So you thought, this sounds so good, I must buy the business program or e-book. How could you lose?

Article Body:
So you searched business opportunities for sale. And you bought into that claim about how you would make thousands of dollars per day without even working? You could even make money in your sleep, right? So you thought, this sounds so good, I must buy the business program or e-book. How could you lose?

Very quickly you learned that the opportunity was “not as advertised”. Your new business failed. Not only did you lose your cost of investment, but think of the time you wasted. And then there is the embarrassment factor, you had to go back and tell all of your friends and relatives that it really was just a scam.

But was it really a scam? Mirriam-Webster’s dictionary defines a scam as “a fraudulent or deceptive act or operation”. The fact is, most likely you were not scammed. You see, you were not scammed, you just didn’t do your homework. You bought into the hype, not the substance.

These business programs and e-books are considered “Business Opportunities”. A Business Opportunity (BizOp) is defined as a system that delivers a business system, training, equipment, or service to the buyer. In some cases, the seller may also make residual income for the ongoing sale of products or services, but for the most part, the relationship is over once the purchase is final. Since there is no ongoing royalty payment, there is no vested interest by the seller to ensure that the buyer succeeds in the business. Although many business opportunities provide system training, they may not require or monitor performance. Sellers generally don’t invest in local marketing or operational support, but buyers are given complete freedom to run the business.

In order to succeed with any BizOp, you need to do your homework! Research the opportunity offered. Research the company. Research the industry. Talk to others in the industry. Seek professional (legal and accounting) help. Trust me, your accountant has probably seen many of his or her clients venture down a similar path. And above all, make sure that you have the time, energy, capital, expertise, and desire to work your tail off. It’s a job!

Many business opportunities are very successful. Many industries are a niche industry, where there is a high demand for a product or service. Often times it pays to get in on the ground floor before everyone else get’s in. To find a business opportunity for sale, please visit www.theBusinessMarket.com.

Before you count the chickens...........