June 18, 2008
Can I Sell My Low Cost Franchise Investment?
If you have created a low cost franchise of your own, and have the consent of your fellow board members, there should be no problem with selling off your shares. On the other hand, if you bought into a franchise in order to operate a store, you will need to carefully evaluate your contract with the parent company. In some cases, they will allow you to sell your business, as long as they are part of the screening process. This is one of many factors that you must carefully consider before taking part in a franchise. Careful planning for this type of event can make it much easier to opt out if you need to, or even routinely engage in selling turnkey stores for a profit.