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  2. I just wanted to share something my fiance' came up with. She is a jewelry designer and has a shop with her daughter. They asked if I had an outlet for some of their items and I told them I would share it with everyone here at CF. So I started them an Etsy Shop account to showcase what they have done. And this is the first items! Check it out and let me know what you think!

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Buy established franchise

Discussion in 'Business, Administration & Management' started by tampasteve, Feb 13, 2018.

  1. tampasteve

    tampasteve Tampa, Florida, USA, Earth, Sol, Orion arm Supporter

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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.
     
  2. brinny

    brinny everlovin' shiner of light in dark places Supporter It's My Birthday!

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    i don't have any advice, but Dave Ramsey might. His expertise and gifting in financial matters, and his wisdom, is a blessing. Check him out. He has a website, and he's on Youtube.

    Praying that God grants you extraordinary wisdom, discernment, and clarity, and that He guides your every thought, word, or deed.

    God bless you.
     
    Last edited: Feb 13, 2018
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