{"id":186334,"date":"2024-02-16T01:20:06","date_gmt":"2024-02-16T01:20:06","guid":{"rendered":"https:\/\/legalvision.co.uk\/?p=186334"},"modified":"2024-02-16T01:20:07","modified_gmt":"2024-02-16T01:20:07","slug":"buy-existing-franchise","status":"publish","type":"post","link":"https:\/\/legalvision.co.uk\/franchising\/buy-existing-franchise\/","title":{"rendered":"How to Buy an Existing Franchise"},"content":{"rendered":"\n

If you want to be a franchisee, you can either invest in a franchise opportunity<\/a> and open a new franchise or purchase an existing one. The sale of an existing franchise is known as a franchise resale. This article will explain what a franchise resale is and explore the advantages and disadvantages of purchasing an existing franchise.\u00a0<\/p>\n\n\n\n

What is a Franchise Resale? <\/h2>\n\n\n\n

A franchise resale involves the sale of an existing franchise, offering an alternative to investing in and setting up a brand-new franchise. Buying an existing franchise can give you the benefits of a proven business model and an existing training package. Furthermore, you can access the brand\u2019s operating systems without needing to start afresh and establish a new business.\u00a0<\/p>\n\n\n\n

Franchisees may sell their franchise<\/a> for many reasons. For instance, they may want to move away, change careers, or have planned to sell their unit after a particular amount of time. <\/p>\n\n\n\n

Advantages of Buying an Existing Franchise <\/h2>\n\n\n\n

1. You Get to Join a Franchise Without the Need to Start Up<\/h3>\n\n\n\n

If you purchase a resold franchise, you will get the benefits of a complete training package, ongoing support, and access to the franchisor\u2019s systems without the need to start from scratch. When you buy an existing business, you also gain: <\/p>\n\n\n\n