tampasteve
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- May 15, 2017
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Over the next 12 months or so I might have the opportunity to buy an established franchise. I do not know the exact financials yet, but I know it is cash flow positive. I am hesitant to buy as I am not sure of how to price the business. A new franchise would cost $45K and include all new equipment, training, and a territory with national accounts. The territory is good, however, the franchise is around 10 years old, so I assume most of the equipment is too. There is no office, simply a mini warehouse, van, and equipment. Certification training would be $2,800. I am not sure how many direct customers he has, but he operates in national accounts of which there are plenty in the area.
Does anyone have any advice on this? I have plenty of experience (10 years) running a business, but not in buying one that is established and a franchise.
Does anyone have any advice on this? I have plenty of experience (10 years) running a business, but not in buying one that is established and a franchise.