The information you submit via our enquiry form is shared only with the franchise business that you have selected.

The franchise business will contact you by means of email and/ or telephone only to the email address and phone number you have provided.

By submitting the enquiry form you are consenting to send your personal information to the selected franchise business.

You also agree to receive further newsletter email marketing from What Franchise.

Close
Q.

Can a franchisee sell their business at any time?

Author: Vicky Wilkes

answered by Vicky Wilkes

Senior Associate at Squire Patton Boggs (UK) LLP

A franchisee’s ability to sell their business will be governed by the terms of their franchise agreement and it is unlikely they will have an unrestricted right to sell their franchise business.Usually a franchisor will want to be able to exercise complete control over its franchise network. This means that a franchise agreement is likely to contain numerous conditions that must be met before any sale of the franchise business can go ahead.The conditions may include providing the franchisor with details of the proposed purchaser, the proposed purchaser satisfying the franchisor of its business experience and financial standing, payment of the franchisor’s costs of approving the proposed purchaser and entering into a new franchise agreement with them, and payment of an ‘introduction’ fee in the event that the franchisor introduced the purchaser to the franchisee.Therefore, while the franchisee may have the potential to sell its franchise business at any time, it will usually only be able to do so when specific conditions imposed by its franchisor are met.

Want to be your own boss? Start today!

You have pending

More from our business portfolio

  • Global Franchise