Almost four years ago, my wife and I bought a franchise that had almost nothing going for it. Now, it's doing well with lots more room for growth, but it's now getting in the way of her being a mommy and so we've made the family decision to sell the franchise.
The problem is that this is not a well-known business and it can be very difficult to find people outside of the company interested in buying. We have one franchise owner in the company willing to buy, but it's for way less than what we want to sell it for. She's basing her offer on the fact that our territory is still somewhat small and isn't accounting for how much it's grown or the fact that it's located in the #2 fastest growing city in the US, meaning that there will be a lot more growth in the near future.
As much as we would like to find other buyers who might be willing to pay more the amount we think is fair, we have no idea how to go about that right now as nothing else has worked over the past couple of months and this is the only offer that we've gotten. Time is of the essence for us and we want it sold by year's end.
Any advice out there?
The problem is that this is not a well-known business and it can be very difficult to find people outside of the company interested in buying. We have one franchise owner in the company willing to buy, but it's for way less than what we want to sell it for. She's basing her offer on the fact that our territory is still somewhat small and isn't accounting for how much it's grown or the fact that it's located in the #2 fastest growing city in the US, meaning that there will be a lot more growth in the near future.
As much as we would like to find other buyers who might be willing to pay more the amount we think is fair, we have no idea how to go about that right now as nothing else has worked over the past couple of months and this is the only offer that we've gotten. Time is of the essence for us and we want it sold by year's end.
Any advice out there?
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