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
I’m happy running my franchise business, but the franchisor wants to buy it back. Legally, can he do
Franchise agreements do not normally allow a franchisor to buy back a franchisee’s business on demand. So the first thing to do is check if your agreement allows this. If there is nothing allowing the franchisor to buy back your business on demand or against your will, you are under no legal obligation to sell it to him. If your franchisor insists on buying it back, you should take advice from a solicitor affiliated to the British Franchise Association, who can help protect your position. Although uncommon, if your franchise agreement does allow the franchisor to buy back the business on demand, you may have to sell it to him. Consult a bfa-affiliated solicitor, who can help make the best of this situation. In terms of finding the sale value of your business, your franchise agreement should state a valuation method. You may want to discuss this with your accountant. Whether your franchise agreement allows it or not, try to find out why the franchisor wants to buy your business back. It may be because he has wider plans for his network, or perhaps it is an indication that he is unhappy with your franchise’s performance. Consider if the purchase is being offered as an alternative to termination. Whatever the franchisor’s reasons and whether you end up accepting or rejecting the offer to buy your business, this is a time to take advice from a solicitor experienced in franchising, who can help guide you through.
You might also be interested in
Answered by Vincent Anthony
Vincent Anthony writes: The property market has wide appeal because it is relevant to everyone: we all... read more
Answered by Louise Harris
Louise Harris writes: Richness or wealth is relative. We always want more, I guess. So, what is... read more
Answered by Shelley Nadler
Shelley Nadler writes: A concern that businesses may have when deciding to franchise their business, is the... read more
Answered by Alan Wilkinson
Alan Wilkinson writes: There are two elements to consider here. First is the franchise fee itself, and... read more
Exciting Franchise Opportunities
Start your own Aspray Limited franchise
Yes
Find Out MoreN/A
Request Free Information
Send a free enquiry to Aspray Limited for further information!
Start your own Oodles franchise
Yes
Find Out MoreN/A
Request Free Information
Send a free enquiry to Oodles for further information!
Start your own Kaspa’s Desserts franchise
Yes
Find Out MoreN/A
Request Free Information
Send a free enquiry to Kaspa’s Desserts for further information!
Start your own Dolce Desserts franchise
Yes
Find Out MoreN/A
We're sorry, this franchise is no longer seeking applicants.
Click here to find other Food & Beverage franchisesStart your own ActionCOACH UK franchise
Yes
Find Out MoreThis would be discussed at interview...
Request Free Information
Send a free enquiry to ActionCOACH UK for further information!
Companies to Consider
Get expert franchising news delivered straight to your inbox
Franchise news, advice and new opportunities delivered weekly.
Must Read Articles
-
Women in business: The advice any new franchisee should know
Added one day ago | 2 min read
-
Sales Geek: Behind the B2B franchise trying to start a sales revolution
Added 6 days ago | 2 min read
-
Reece Donnelly: The Apprentice star reveals big plans to recruit UK franchisees
Added one week ago | 2 min read
Franchises by Minimum Investment
Find your next business opportunity
Search 100s of UK franchises and become your own boss today.
-
Under 10k
Starting a franchise doesn't have to be costly
Click here -
Under 20k
A mid-range investment for the more experienced
Click here -
Over 50k
If budget is not an issue, then don't miss these.
Click here -
Local Franchises
Find the perfect franchise in a location to suit you
Click here
What Franchise Newsletter
Keep up to date with all the industry news