Definition:
A franchise resale happens when a current franchise owner sells their business to someone else. The new owner takes over the existing franchise, location, and customer base, often with everything already up and running.
Use It in a Sentence:
After five years of growing her franchise business, Lisa listed it as a franchise resale and found a buyer quickly.
Why Is a Franchise Resale Important?
A franchise resale offers a huge advantage to buyers. Instead of starting from scratch, they get a running business with customers, staff, and sales. This makes it easier to step in and keep things going smoothly.
For CoolVu franchises, resales are a smart way to keep successful locations thriving. The original owner might want to retire or move on. Instead of shutting down, they sell. The buyer gets a fresh start with less risk.
CoolVu helps support the process, offering training and guidance to new owners. That means the brand stays strong, and the new franchisee can grow from day one. It’s a win for everyone involved.
Franchise resale also gives people a chance to join the CoolVu brand without waiting for a new location to open. Since the business already exists, it often comes with steady income right away.
Related Dictionary Terms:
- Franchisor: The company or person that owns the brand and grants franchise rights.
- Marketing/Brand Fund Fee: Fee for franchise-wide marketing efforts.
- Transfer Fee: Fee to sell or transfer a franchise.
- Renewal Fee: Fee to extend a franchise agreement.
- Discovery Day: In-person event to explore franchise opportunity.
