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    Acquiring franchise network

    Nothing ever happened. He scoffed at my offer, and as far as I know he still has not sold the business. Perhaps he'll change his mind one day and lower the price to a more realistic value, but I'm not holding my breath. Either way, there are lots of competitors from the US opening up here (I'm...
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    Acquiring franchise network

    Just an update - I met with the owner and his accountant today. He gave me a whole spiel on how the business is undervalued at $850K, and that it's a great opportunity "if you can grow it". He also informed me that two of the franchisees are looking to sell their businesses (if they can't, they...
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    Acquiring franchise network

    Well, I don't know about Subway franchises, but the point is that I DO NOT want to buy a job. I like the fact that this is a network and not the franchises themselves, but I realize the owner is completely unrealistic about pricing. In terms of it being on auto-pilot, I know for a fact that the...
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    Acquiring franchise network

    Yup - I would have to put in a non-binding LOI before I could get to look at the franchise agreement, but that's definitely one of the key items I will have to review. From what I understand, each franchisee is doing about $425-600K a year in sales, and most of them (with the exception of one)...
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    Acquiring franchise network

    The gross revenues are $285K (just under 5% of system-wide sales), and expenses are $210K. I realize the business is vastly overpriced at $850K - the seller is free to ask whatever he wants, so I can't stop him from asking that price. If I put in an offer, it will be at a much more realistic...
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    Acquiring franchise network

    Hi folks, I have an opportunity to acquire a small franchise network with 11 franchisees. The franchisees provide non-medical home healthcare services (like staffing sitters and nurses for older and disabled people), and there are no franchise locations owned by the network. The owner of the...
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    Lease to own

    Hi everyone, Long time lurker here, and I'm looking for some feedback on an idea I have on the go. I got a line on a significant number of very reasonably priced, brand-new HP priced laptops (about half price compared to retail) on closeout (totally legit - this wasn't from the back of a...

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