EXITING A FRANCHISE: WHAT YOU NEED TO KNOW

Exiting a franchise involves several crucial steps to ensure a smooth transition. First, review your franchise agreement to understand the exit terms, including notice periods and potential penalties. It's essential to notify the franchisor and adhere to any stipulated procedures. Valuing the business accurately is critical for negotiating a fair sale price. Engage with legal and financial advisors to navigate the complexities of transferring ownership and resolving any outstanding obligations. Additionally, consider the impact on employees and customers, ensuring continuity and compliance with the franchise brand's standards. Proper planning and professional guidance are key to exiting a franchise successfully, minimizing disruptions, and maximizing returns.

To read continue: https://www.franchise2sell.com.au/blogs/franchise/exiting-a-franchise-what-you-need-to-know







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