02/29/2020
FAQ's
How does this work?
Franchisees purchase territories and sometime for a host of reasons, they are unable to complete their obligation. Rather than turn the territory back in to the Franchisor at a total loss, they turn to us to try and recoup some of their investment.
How much does this cost?
If you are purchasing a territory there is no cost beyond the purchase price to you. In other words, no additional fees accompany the purchase.
If you are selling a territory we charge a nominal commission depending on a host of factors including the franchise, the location of the franchise, time required to develop, etc. In addition, many Franchisors charge a transfer fee. The negotiated purchase price will include these items.
Can I really save a lot of money?
Absolutely! Many Franchisees would prefer to cut their losses as opposed to completely giving them up. This savings can mean the difference between breaking even months or even years faster when compared to the financial outlay expected when going direct to the Franchisor.
What are the risks?
There are always risks associated with opening up your own business. Each Franchisor is required to furnish you with a current Franchise Disclosure Document (FDD) covering much of this for you.
In addition, when purchasing an existing territory there may be time restrictions associated with the development of the underlying territory. The closer you get to the deadline, the more risk you have in not being able to fulfill the development. This also means you will find these territories to typically be less expensive than the same territory with a longer development schedule.
How can I start?
Simply contact us today at (704) 266-0297 to discuss your unique situation and a current list of available territories for sale. Our inventory changes all the time as we add and sell franchise territories.
