A few key factors are putting franchise re-sales on the rise in 2013.
Availability of funds, ageing franchise owner base and overall confidence in the improving economic climate in the US has made franchise resales a sure target for many savvy business buyers.
With 8000 people in the US turning 65 everyday, there is a rise in sellers and buyers!
The base of over 100,000 franchisee owners is aging and choosing to retire. Many, not having family to take over the family business are going on the market. These are solid, branded, existing businesses within well-established markets. Conversely there are many retirees leaving their “office jobs” but not really ready to retire to a life of leisure. This wave of experienced business people are “young-minded retirees” and are looking for a small business to take on for the next 10 years. They are turning to franchise resales.
The economic storm that we have all weathered seems to be behinds us. Those small franchised businesses that survived, but are no longer thriving, are now available. For a motivated savvy operator that is looking for a “deal” and can turn-around a failing opportunity, a franchise resale is a true find! It not only can be purchased at a fraction of the cost of opening a brand new franchise, but with the national brand attached, there is big promise of making a profitable turn with new management and an aggressive local marketing campaign.
Buyers that have waited “for the bottom” are now seeing things on the rise and are spending their cash on franchise resales…a chance at a national brand that is established locally is very appealing to these patient hunters!
FRANCHISERESALES.COM is riding the wave of this momentum. With new franchise resale opportunities available to review online daily… www.franchiseresales.com is the destination for buyers and sellers alike.