How Do I Sell My Franchise?

Whether you’re a new franchisor, or one that has been around a few years, finding the right platform to sell on (when you’re ready to) can be tricky. Many business buyers are opting to buy a franchise rather than a standalone business, because of all the benefits and security of buying a franchise offers. Business for Sale provides an interactive online platform for those looking to buy and sell their businesses. Why would you use a business directory to sell your business? There are a few great reasons!

Bronwen Barnard

28 May 2021

Summary

How Do I Sell My Business in South Africa?

Online directories are not simply digital versions of the Yellow Pages; you don’t have to sift through pages and pages to find what you’re looking for. As a business listed on an online business directory, you’re also not likely to get lost in the noise (contrary to popular belief). There are multiple benefits for selling your franchise / business on an online business directory.

Boost Your Online Presence

A business directory creates a single-platform online hub for those looking for a specific thing. So, if you’re selling your franchise or business, you’ll want to do it where buyers who are looking to buy a franchise or business are present! Making yourself available on relevant platforms will give your business a much better chance of being found (and potentially even bought) by the right buyer.

Get Discovered More

Online directories like Business for Sale allows buyers to either browse, or search for exactly what they want. They allow for filters like Sector, Category, Selling Price, and Yearly Net Profit, making it much easier for buyers to locate your listing, even if they don’t know the exact name of your business.

Boost Your Visibility on Search Engines

Every business wants to be on Google’s first page, if not at the top of it. With so much competition out there, and so many businesses fighting for the same spot, assistance is necessary. Search engine optimisation (SEO) is (amongst many other things) the practice of strategically placing your web content in such a way that search engines will rank it higher in results for relevant searches. Online business listings are a great way to support and supplement your already existing information to give it that extra validation.

Online business directories have immense benefits, and neglecting them can actually hurt your business. If you are looking to sell your business or franchise online, contact Business for Sale to find out how to get started.

Author: Bronwen Barnard

Director

More Sellers Knowledge Bank

Get the latest information, valuable tips and share in the professional knowledge of business experts on selling a business

Bronwen Barnard

How Fast Can I Sell My Business?

With Business for Sale, buying or selling a business has never been easier. We have the ideal tool for you if you are an entrepreneur or are selling a business on behalf of a client. So, if you were looking for a way to speed up the selling process, list it with Business for Sale today!

Bronwen Barnard

How to Sell a Business Quickly

If you're thinking, "I need to sell my business quickly," it's critical to list your business on the right platforms that can give you access to the perfect potential buyers. Business for Sale does just that! Our packages are designed to meet the needs of both entrepreneurs and professionals. Whether you're a business owner looking to sell your company or an agent looking to market various businesses to the right audience, our platform will help you. Visit Business for Sale today!

Bronwen Barnard

How to Sell a Franchise

Selling a franchise isn’t the easiest process to complete in the world. The major confusion comes in when a business owner needs to answer the question: “how to sell a franchise?” Deciding that it’s time to sell, and actually successfully selling are two completely different concepts. However, it's important to strike when the iron is hot and not to delay the process unnecessarily.

Bronwen Barnard

Your Guide to Selling a Business

Believe it or not, selling your business has never been easier. If you are a business owner trying to sell or someone selling a business on behalf of someone else, Business for Sale is the secret weapon you'll need. With our online broking platform, you can prepare market-related valuations of your business while emails, enquiries, and marketing activities are managed from a central point.

Bronwen Barnard

Business Valuation Calculators: All You Need to Know

It’s always important to know your worth! A business valuation is a process of estimating the economic value of a company; as this provides owners with an unbiased assessment of its worth. A business valuation is often performed when an owner wants to sell all or a portion of their business or franchise. A business valuation calculator assists buyers and sellers in determining an approximate estimate of the worth of their business. Two of the most typical business valuation methods start with either yearly sales or annual profits, which are then multiplied by an industry multiple.

Bronwen Barnard

How Do I Know if My Business is Ready to Franchise?

Franchising can be the perfect opportunity for business owners to expand their business. After all, it’s the franchisee’s responsibility to invest their own capital and therefore they will work hard to ensure that their investment is profitable.

Bronwen Barnard

How to Sell a Franchise Business: As a Franchisee

The decision to sell a franchise is a big one that should be planned and prepared for carefully. If you are a franchise owner currently, chances are you have put a lot of money, time, and effort into the business. It makes sense that with this investment, you want to get the best possible price when you sell. The trick is to use the right steps to ensure a successful sale and a favourable outcome!

Bronwen Barnard

Business Brokers: Traits for Success

Starting out as a business broker may seem daunting; there are many who have been in the business for countless years who have all the connections that those just starting out would truly benefit from. This is where new brokers need to pluck up the courage to speak to those with more experience, and perhaps even form relationships with financial professionals, accountants, attorneys, and other professionals related to the buying and selling game. The right connections will put the broker a step ahead.

Bronwen Barnard

How to Sell a Business without a Broker

There are many small business owners who successfully manage to sell their businesses without using a business broker. There are a few benefits of selling your business without unnecessary third parties – a major one being that the business owner can avoid the transactional fees or commission that the business broker will require from the sale.

Bronwen Barnard

Business Valuations: Benefits of Getting One

Accurate figures can help business owners determine the asking price and how much room there is for business negotiation. Potential buyers should not be chased away by unfair asking prices and negotiations that can’t be justified. Equipped with the right facts and figures, fair business negotiations can run a lot more smoothly.

Bronwen Barnard

How to Negotiate the Sale of Your Business

Selling your business is a serious undertaking, and requires immense preparation and planning. Buyers want to ensure that they are getting the best possible price, while sellers are trying to achieve the same. The process that takes place between the two parties in order to settle on a figure is the negotiation. And there is a definite art to negotiating!

Bronwen Barnard

Selling a Business in a Depressed Market

When the market conditions are less than ideal (like now), you’ll probably be reluctant to sell your business. We have already provided useful tips for selling a distressed business, but selling a business in a depressed market is a whole different ballgame. There are many different ways that you can hook a serious buyer who will give you the best price, if you follow some basic best practices.