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rainbaker
12-29-2017, 04:21 AM
Hello, I own a US based home services franchise business that I am considering exiting. The revenues are ~$900k annually but the owners discretionary income is likely <$50k, still sharpening the pencil on that.

In order to have the most flexibility and sell to the widest audience, I'd like to have the option to sell the business assets: clients,employees&prospects, without selling the franchise rights themselves. One can operate this business without much operationally from the franchisor. Although I am struggling to determine where it does, I am told that my Franchise Disclosure Document restricts me selling my clients with the franchisor approval.
>> My first question is how would they enforce this? If I sell the assets to another company - I assume the only thing they could try and do is sue me? If the business isn't worth that much I doubt they would pursue.
>> My second question is - I wonder if a way around this restriction is to "give away" my assets for some some years-away option in the purchasing entity - say options to purchase equity some time away. I don't need to nor expect to make much money off the business sale, so picking up some potential future equity has upside.

speeduser
12-30-2020, 04:39 AM
The legalities in here is really good. We can never assume since this is a relatively sensitive topic. - Steven C Wyer (http://stevewyer.me/)

raviseo121
12-31-2020, 11:07 AM
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raviseo120
01-09-2021, 11:21 AM
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souza13alex
01-18-2021, 02:12 AM
Yes, interesting information!

MichaelAguirre
01-18-2021, 04:32 AM
It is very good franchise offer to earn income

goldenleslie
01-19-2021, 01:07 AM
Buy and sell existing business because it will be a beneficial deal to both the parties. Buying an existing business means you don’t have to invest in formulating rules and regulations, generating cash flows. You don’t have to work hard for creating goodwill because that you already have in the market. As a buyer you will enjoy the benefit of having loyal customers and employees who are willing to give their best business for sale (https://gatewaybusinessbrokers.ca/businesses-for-sale/) in Nova Scotia Canada.

goldenleslie
01-19-2021, 01:13 AM
Buy and sell existing business because it will be a beneficial deal to both the parties. Buying an existing business means you donít have to invest in formulating rules and regulations, generating cash flows. You donít have to work hard for creating goodwill because that you already have in the market. As a buyer you will enjoy the benefit of having loyal customers and employees who are willing to give their best business for sale (https://gatewaybusinessbrokers.ca/businesses-for-sale/) in Nova Scotia Canada.

raviseo121
02-01-2021, 10:08 PM
Thanks for sharing with us

raviseo121
02-04-2021, 11:09 PM
thanks for sharing with us

RaniaRanii3
04-17-2021, 12:47 PM
This Compliance Guide is expected to help franchisors follow the Federal Trade. Commission's altered Item 16: Restrictions on What the Franchisee May Sell. Wellbeing or security limitations needed by government or state law or guidelines; in a roundabout way, the significant part of the franchisor's resources.

KENZAdvertising2
04-18-2021, 12:43 AM
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RaniaRanii3
04-21-2021, 03:46 PM
There are three significant sorts of establishments Ė business configuration, item, and assembling establishment: The approval allowed by an organization to sell or circulate its merchandise or An absence of assets and laborers can make an organization develop gradually. This might be hard for somebody with restricted business abilities simply beginning.

RaniaRanii3
04-27-2021, 12:52 PM
A business design establishment is a diversifying course of action where the franchisor gives the establishment: The approval allowed by an organization to sell or convey its merchandise or An absence of assets and laborers can make an organization develop gradually. This might be hard for somebody with restricted business abilities simply beginning.