http://smallbusiness.blogs.cnnmoney.cnn.com/2008/03/12/tips-for-selling-a-franchise-territory/ Editors from FSB magazine answer your pressing small-business questions. Tue, 15 Dec 2009 12:52:55 +0000 http://wordpress.com/ hourly 1 http://smallbusiness.blogs.cnnmoney.cnn.com/2008/03/12/tips-for-selling-a-franchise-territory/#comment-2075 Robert, San Diego, CA Wed, 18 Nov 2009 14:48:18 +0000 http://askfsb.blogs.fsb.cnn.com/?p=221#comment-2075 Patricia and Mr. Franchise are right. Before selling an undeveloped territory, try to develop it with at least a couple units. This topic is referenced in the how to franchise a business page at http://www.franchisefoundations.com/franchiseabusiness.html That way you have a lot more value to sell. This should result in a much higher market price than just selling the territory in an undeveloped state. Patricia and Mr. Franchise are right. Before selling an undeveloped territory, try to develop it with at least a couple units. This topic is referenced in the how to franchise a business page at http://www.franchisefoundations.com/franchiseabusiness.html That way you have a lot more value to sell. This should result in a much higher market price than just selling the territory in an undeveloped state.

]]> http://smallbusiness.blogs.cnnmoney.cnn.com/2008/03/12/tips-for-selling-a-franchise-territory/#comment-1171 Patricia, Las Vegas, NV Sat, 06 Dec 2008 18:41:38 +0000 http://askfsb.blogs.fsb.cnn.com/?p=221#comment-1171 It sounds like it's a buyers market since all you're selling is an undeveloped territory. The company I used to work for had some area franchisees re-sell their territories. To help them out, we consulted with Franchise Foundations. Their website is at http://www.franchisefoundations.com The franchise attorney there, Mr. Franchise, advised to develop the territory further before trying to sell it - which they did with very positive results. You also need to factor in any right of first refusal the franchise company has before you can resell your rights. Get good advice and planning before taking any action. It sounds like it's a buyers market since all you're selling is an undeveloped territory. The company I used to work for had some area franchisees re-sell their territories. To help them out, we consulted with Franchise Foundations. Their website is at http://www.franchisefoundations.com The franchise attorney there, Mr. Franchise, advised to develop the territory further before trying to sell it – which they did with very positive results. You also need to factor in any right of first refusal the franchise company has before you can resell your rights. Get good advice and planning before taking any action.

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