Franchise Resales has a database of potential pre-qualified buyers waiting for their perfect business opportunity
Do you want to sell your business in 2021? The pandemic has changed many people’s plans, but if you were intending to sell your franchise don’t be put off by COVID-19.
While some transactions are taking longer, Franchise Resales has seen very little reduction in the number of leads coming in for businesses that are on the market with the company. In fact, over the Christmas period it’s had its usual influx of leads ready for January.
Following the successful launch of Franchise Resales’ online buyer’s portal last year, it now has a database of potential pre-qualified buyers waiting for their perfect business.
Why is now the right time to put your business on the market?
There are buyers waiting
Franchise Resales has had a significant number of buyers enquiring about purchasing a franchise resale and has a huge demand for businesses in the domiciliary care, lawn care and food and beverage sectors. Many buyers enquiring with the company are re-evaluating their situation and are looking for a career change in the form of a franchise resale.
This is your market
There are concerns that, as a result of the pandemic, it’s a buyer’s market. While this may be true in some respects, for franchisees who have followed their plan and are now in a prime position to sell, this is their market.
If you’ve been working towards selling your franchise and your business was fortunate enough to continue trading during this time, you can still achieve the price you want.
You might consider putting off the sale, but this will only delay the potential to find the perfect buyer. By putting your business on the market now, you can begin the search for a buyer, but be in a position to reject any offers that are not satisfactory. There’s no doubt that people may offer a lower price, but you can choose to hold out for the right one.
Is 2021 in your plan?
If 2021 is the year you had planned to sell your business, now is definitely the right time to put it on the market.
You can hold off putting your business on the market or you can hold off for the right price. Either way, you need to be prepared to wait for the price that suits you and the buyer. It can take up to 18 months to sell your business, so it won’t hurt you to test the waters.
Get in touch with Franchise Resales today and find out about offering your franchise for sale, starting with a free market appraisal.
At a glance Franchise Resales