With the amount of businesses for sale now, you may want to look into buying an existing franchise business. Why?
Buying An Existing Franchise Solves A Couple Of Problems
One problem buying a franchise that’s already up and running solves is cash flow. There’s already cash coming in because the business already has a customer base.
Compare that to a startup franchise, where you start off with zero customers and zero revenue.
Have I got you thinking?
That said, I’m not going to tell you that purchasing an existing franchise is better than starting one from scratch. Why?
Because there are other several other important factors in play that may sway your decision.
For example, your financial position may require you to have immediate cash flow.
Or maybe your spouse feels more comfortable with a business that’s already in place (which is pretty common).
Good news! Buying an existing franchise business solves both of those problems.*
*Problem #2 is the fact that your spouse is not at all comfortable with you starting from zero.
I’m not talking about how complicated things can get when you’re considering switching from a corporate job to becoming the owner of a business.
Instead, I’m referring to the fact that buying an existing business can get complicated.
Way more complicated than buying a franchise that needs you to open a new location in your area. And there’s more.
To see what I mean, watch the video I created.
Because while having instant cash flow can be wonderful, you don’t know how long it will last.
In other words, nothing is guaranteed.
So are you thinking about looking for existing franchise businesses for sale in your area?
If so, I can help you become your own boss with either an existing franchise or a startup franchise. Here’s how.
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