When you buy a franchise, you have the choice of buying a brand new business or buying a business that has already been operated by another franchisee.
We have particular expertise in the area of franchise resales and can advise you on buying or selling your franchise.
When buying or selling a franchise the two most common options are either purchasing the shares in an existing company or purchasing the assets of an existing company.
When purchasing the shares in an existing company the incoming franchisee will take on all the liabilities of the company whilst in an asset purchase the incoming franchisee will only take on assets, such as stock and fixtures and fittings.
We can guide you through the sale process, advising on issues such as any restrictions in place regarding competition and we can advise on TUPE (Transfer of Undertakings, Protection of Employment) regulations which will affect the rights of existing or new employees.