Business Franchising

Selling a franchise is not an easy task. Having invested a lot of time and effort in building the business, selling it may hold the key to a comfortable and secure future. But when you become a franchisee in whatever industry, you suddenly discover that you have a lot of hats to wear. However, to sell franchises, you must start by understanding the nature of your specific franchise buyer.

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  • Quick
    Turnarounds

  • Value
    For Money

  • Expert
    Professionals

  • Custom
    Fit Solutions

  • Quick
    Turnarounds

  • Value
    For Money

  • Expert
    Professionals

  • Custom
    Fit Solutions

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HOW DOES IT WORK ?

HOW DOES IT WORK ?

Step 1

We collect and verify the supporting documents & forms required for Selling a Franchising

01

Step 2

Our Selling a Franchising experts draft and prepare the required supporting documents

02

Step 3

We take care of your filing or We take care of your Selling a Franchising

03

WHY CHOOSE LEGALO ?

Quick Turnarounds

Have access to a wide range of quality services at reasonable and competitive prices

Value For Money

We understand Time is the most valuable resource and are flexible and responsive to your requirements

Expert Professionals

We cater to a wide range of services across legal, CA, CS and consulting and bring to the table the most relevant and experienced professional to provide the right solution.

Custom Fit Solutions

We provide customized solutions to meet your unique requirements.

FREQUENTLY ASKED QUESTIONS ?

  • Legalo is a platform to help you connect with the best professionals, legal experts & financial experts to deliver efficient and cost-effective solutions to your business and personal needs.
  • We help create business contracts & other documentation such as Memorandum of understanding, Franchise Agreement, Joint Venture Agreement, Hiring Documentation, Employment Contract, Consultancy Agreement, Freelancer Agreement , including serve legal agreement, Vendor agreements & More.
  • A trademark public search is made in the Indian Trademark Registry database. The search determines whether a proposed trademark is available for use in connection with certain goods or services
  • Yes, GST applies to all service providers, traders, and manufacturers. It is applicable to dealers, bloggers and content writers, earnings from Google through PayPal, import-export businesses, all types of startups companies and organizations whether they are LLPs, proprietorships, partnerships, or private limited companies. Legalo provides assistance in GST registration, GST Filing & GST advisory Services.
  • Legalo offers both Labour compliance & Corporate Compliance solutions, Following are the list of labour compliance solutions. a) Provident Fund Registration b) ESI Registration c) Professional tax Registration d) Shops & Establishment LIcense e) Employee Stock option plan
  • We offer solutions right from Franchise documents review to legal/ financial solutions around buying & selling the franchise. Check out the links for more information.
  • Legalo offers the following solutions Shareholders Agreement : A legal document among a company's shareholders that describes how the company should be operated and outlines shareholders' rights and obligations Company registration: Registration of private Limited Company, LLP, Proprietorship etc. Business terms & Conditions: Business terms and conditions set the contract foundation between you and your customer. . Discretionary trust -An arrangement that gives trustees flexibility and control over how best to use the trust assets for the benefit of the beneficiaries Business Taxes: Accounting & Bookkeeping, Payroll, TDS Filing, Income Tax filing etc.
  • Legalo Connect you with the best industry experts to deliver efficient and cost effective, tailor-made solutions. We also understand that time is the most valuable resource and we offer solutions with a very quick turnaround time.
  • Legalo offers a wide range of services from business, Accounting & Tax to Legal Solutions such as business structuring, company registration, Company licensing, intellectual property, trademark, copyrights registration, Patent Filing, GST & TDS registration/ Filing, Accounting Services, Corporate & labour Compliance , Franchising, Business sale & purchase, Personal/Civil/Property / criminal related legal services & more.
  • We help draft the following A ) Terms of service & Privacy Policies B) Disclaimers C) Joint Venture Agreements d) Data Protection Regulation Policies e) Non- Disclosure Agreements.

FREQUENTLY ASKED QUESTIONS ?

faq

LEGAL BITS YOU SHOULD KNOW

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How to apply?

The following are some tips that would help for selling a Franchise:

Prepare Your Franchise for Sale

The most important aspect before selling a franchise is preparing your business for sale.

The first thing to be done is to start by contacting your franchisor. Set yourself apart from most franchise sellers, you should take the time to document everything you can about the franchise business as an overview you can provide to potential buyers. This process will add to credibility during deal evaluation. Moreover, when someone inquiries about your business, response time plays a crucial role in defining the credibility of your business.  It's important to present your business at its best.

Business representation & documentation can be done in three ways:

  • Visually
  • Operationally
  • Financially

Market your Franchise for sale

Understanding the market value is perhaps the most vital step to ensuring a successful franchise sale. Most business brokers use online portals and their proprietary databases to market businesses for sale. Companies with a record of sustainable earnings are often valued at a multiple of earnings, with earnings being adjusted for one-time items or unusual income. The exact approach may differ depending on the type of franchise, but there are commonalities across all levels. The value of the franchise will increase according to the goodwill of the business and customer response towards the business.

Find a franchise business broker selling process can be time-consuming, complicated, and stressful. It requires hands-on project management to ensure that all parties (franchisor, lessor, and suppliers) are on board. By choosing the best franchise broker will lose the burden on the seller and the buyer regarding the sale of the franchise because he will be knowing every prospective of the deal. However, a good broker will help guide you to study the business, the ownership, and study yourself to make sure it is a good fit.

Negotiate and Close the Deal

As all the above steps are duly completed, now only one step is left is to negotiate on the rice of the franchise and make a good deal with the buyer. Most sales involving franchise businesses can take anywhere from 2 to 3 months to be completed. This is good because you'll want to use this time to prepare your budget. Selling an operating franchise has a higher success rate than selling an independent business, as most buyers value the support provided by franchisors. In the end, after the negotiation of price an agreement must be signed by the parties which include the responsibilities for each party, and periods of confidentiality.

Key Requirements

To be updated in Future

How can Legalo help you?

Many franchisees find it to be a quite stressful and difficult procedure, therefore we are here to provide you legal and accounting advice from the start and throughout the process.

Our partners & associates bring years of experience to the table to help you navigate and deliver these works. Our company can customize a program to meet your specific needs and budget. Contact us here to see how we can help you.

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