{"id":709,"date":"2019-08-28T09:00:45","date_gmt":"2019-08-28T13:00:45","guid":{"rendered":"https:\/\/murphybusiness.com\/blog\/?p=709"},"modified":"2019-08-19T14:31:55","modified_gmt":"2019-08-19T18:31:55","slug":"buying-a-resale-franchise-business","status":"publish","type":"post","link":"https:\/\/murphybusiness.com\/blog\/buying-a-resale-franchise-business\/","title":{"rendered":"3 Questions to Ask Before Buying a Resale Franchise Business"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Buying an established franchise business can be a rock-solid investment. That\u2019s especially true if you can find a well-run business under a great franchise brand.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, buying a resale franchise isn\u2019t for everyone. Some entrepreneurs prefer independent businesses. Some would rather start their own franchise instead of purchasing a resale. And if you purchase a poorly run franchise or choose a mismanaged brand, you\u2019re in for serious disappointment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So before you buy a resale franchise, ask yourself three questions:<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\"><b>#1:<\/b><span style=\"font-weight: 400;\"> What makes owning a franchise a better option than independent business ownership?<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>#2:<\/b><span style=\"font-weight: 400;\"> If I want to own a franchise, why buy a resale franchise instead of a new one?<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>#3: <\/b><span style=\"font-weight: 400;\">How can I find the <\/span><i><span style=\"font-weight: 400;\">right<\/span><\/i><span style=\"font-weight: 400;\"> resale franchise for my goals and resources?<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Franchise Business vs. Independent Business<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">There\u2019s a long-running debate about whether it\u2019s better to own a franchise business or an independent company. At the end of the day, it\u2019s a matter of personal preference. Some people prefer a proven blueprint and recognized brand. Others want the freedom to run their business their way.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But when it comes to purchasing an established business, there\u2019s a lot to be said for franchise resales. The main advantage here is that franchises are designed for a range of different owners. That makes it much easier for a franchise location to work under new ownership. Whereas, independent entrepreneurs tend to build businesses according to their own preferences and talent. Under new ownership, many of these businesses struggle.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Then you have the usual reasons for choosing a franchise over an independent business. A proven blueprint, plus training opportunities and corporate support, give franchisees a head start. Marketing tends to be easier with a recognized brand and corporate marketing materials. And by choosing a forward-thinking brand, you\u2019ll be well-positioned for future developments in the industry.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Resale Franchise vs. New Franchise<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If you want to own and operate a franchise business, you have two basic paths to ownership. The first is to purchase the rights to a new franchise opportunity and develop your business from the ground up. The second is to purchase a resale franchise that\u2019s already operational.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While many entrepreneurs would rather start a new franchise, others prefer resale opportunities. Resale franchises typically cost more than the startup costs for a new franchise. But they also typically come with less risk and a faster route to profitability.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here are four other reasons that you might want to purchase a resale franchise instead of starting a new one:<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><b>Different Business Challenges.<span style=\"font-weight: 400;\"> Some entrepreneurs love the challenge of building and developing a business. Others excel at managing an already up-and-running company. If you fall into this second category, it makes more sense to purchase an existing company. And if you prefer franchising, that means finding a resale franchise business.<\/span><\/b><\/li>\n<li><strong>Established Cash Flow.<\/strong> <span style=\"font-weight: 400;\">Any time you purchase a resale business \u2014 whether a franchise or an independent business \u2014 you benefit from existing cash flow. A resale franchise provides you with an established customer base, allowing you to become profitable much more quickly. Instead of starting in the batter\u2019s box, you\u2019ll be on second or third base.<\/span><\/li>\n<li><strong>Existing Infrastructure.<\/strong><span style=\"font-weight: 400;\"> In the same way that a resale franchise provides you with existing customers, it also provides you with existing infrastructure. You\u2019ll have key assets in place, such as a physical location, marketing resources, back office systems, and equipment. And you\u2019ll have a staff that\u2019s already familiar with day-to-day operations.<\/span><\/li>\n<li><strong>Access to Protected Territories.<\/strong><span style=\"font-weight: 400;\"> If you get in on the ground floor with a franchise brand, you get your choice of territory. But if you\u2019re late to the game, you might find yourself looking at markets with limited potential. Purchasing a resale franchise business will allow you to acquire the kind of territory you\u2019re looking for.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Finding the Right Resale Franchise Business<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Buying a resale franchise can leave you with a steady and reliable income stream for years to come. But if you purchase a mismanaged franchise or join a brand in decline, you\u2019re likely in serious trouble.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One of the best ways to avoid this scenario is to hire a business broker. At Murphy Business, our brokers make it easy to navigate the franchise resale market, matching you with the right franchise business and the right franchise brand.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A great business broker also makes it easier to negotiate and close the purchase of a franchise business. Your broker can counsel you throughout negotiations and help you avoid common mistakes made when purchasing a business. Brokers can also refer you to legal and financial experts or help you acquire financing through local lenders.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ready to buy a resale franchise business? Call Murphy Business at (888) 561-3243 today to request a free consultation!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buying an established franchise business can be a rock-solid investment. That\u2019s especially true if you can find a well-run business under a great franchise brand. However, buying a resale franchise isn\u2019t for everyone. Some entrepreneurs prefer independent businesses. Some would rather start their own franchise instead of purchasing a resale. And if you purchase a &hellip; <a href=\"https:\/\/murphybusiness.com\/blog\/buying-a-resale-franchise-business\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;3 Questions to Ask Before Buying a Resale Franchise Business&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[43],"class_list":["post-709","post","type-post","status-publish","format-standard","hentry","category-small-business","tag-franchise-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Buying a Resale Franchise Business - Blog - Murphy Business<\/title>\n<meta name=\"description\" content=\"Buying a resale franchise business can be a smart move. But it\u2019s not for everyone. So before you buy a resale franchise, ask yourself these 3 questions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/murphybusiness.com\/blog\/buying-a-resale-franchise-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buying a Resale Franchise Business - Blog - Murphy Business\" \/>\n<meta property=\"og:description\" content=\"Buying a resale franchise business can be a smart move. But it\u2019s not for everyone. 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