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08 Sep, 2017

Franchise For Sale By Owner

As a property owner selling your property by hiring the services of a broker will save effort and time. Despite this there is franchise for sale by owner deals. As a buyer you should know that both the seller and the broker will put their interests before their own. So do not invest too much trust in them as the deal at hand is concerned. There are some advantages for the seller in a franchise for sale by owner. Buyers will be better positioned if they are aware of what to seek in a franchise for sale by owner. The selling price: The seller will avoid paying brokerage commission. Though the buyer cannot be able to get a reduction in price by the whole amount commission, a considerate seller may agree to split the saving by half. Have an evaluation of your own for the business according to its profitability. The price of the business should cover every closing cost. There should be no additional costs once the price is settled. Equipment and furniture: The selling price will cover equipment and tools required for operations. This will save the buyer the trouble of going to shop for the necessary implements. Since the items have been used for sometime the seller will ask for a price lower than the market price. In the case where a broker is handling the sale he will ask the buyer to buy at market prices. Inventory: The buyer will have the advantage of acquiring items in store at prices far below their replacement value. Financing: You may not have sufficient capital to purchase the business you are interested in. there are various sources of financing you could turn to. The owner is a source of capital mainly in the case of small businesses. Most FSBO’s are done through seller financing. The rates of this are well bellow the market rates. The term of purchasing the business is also in favor of the buyer compared to banks and lending institutions would permit. Expertise: The seller has all the information about the business he is selling. Many sellers will be available after the sale to assist the buyer learn the ropes of managing the business. It is always to ask for advice because some people are more than eager to give it. To enable the buyer to make a good decision, conducting background research about the business is crucial.

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