The selling and buying of franchisors is not an everyday occurrence for most members of the franchise community. It is also rare to invest in a franchisor, and for a franchisor to take in new investors. In fact, for most, these are once-in-a-lifetime transactions.
There is much to learn and much to know about the selling and buying process. The process includes preparation, strategic and corporate decision-making, financial and tax analyses, timing considerations, marketing steps, evaluation, valuation, negotiation, due diligence, data room management, confidentiality and disclosure considerations, required documentation (e.g., NDAs, term sheets, letters of intent, and buy-sell and ancillary agreements), and more. The more participants know about this process in advance, the easier and more efficient will be the transaction. SellBuyBlog seeks to so inform.
SellBuyBlog consists of a series of writings on topics of interest to those who are about to embark on the path of selling and buying franchisors. Each blog addresses a discrete topic, and topics are chosen to address the most relevant needs of sellers and buyers.
While there is much to be learned from SellBuyBlog, there is no substitute for the advice and assistance of advisors who handle such transactions every day. The postings on SellBuyBlog are for informational purposes only, may become out-of-date, and should not be construed as legal advice. The actual legal work that you will need will depend on the specifics of your transaction. You should not act, or refrain from acting, based upon information that you read on SellBuyBlog. You should act only on advice from your Legal Team in proceeding with your transaction.
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