Franchise Owner-Seller Transition Timeline

by a searcher from The University of Texas at Austin - Red McCombs School of Business

1 year ago

Does anyone know how long the typical franchise specific owner-seller transition training period lasts post-closing / # hours? And is it customary that the seller's time during that period is included in the purchase price, or is it on the buyer to compensate the seller for all of their time post-close?

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6 comments

searcher from Vanderbilt University

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3 months ago | like reply | 0 likes

searcher from Indian School of Business

Agree with the above comments. Often the basic training will be provided by the franchisor not the seller. One advantage of buying a franchise business is the support from franchisor and by the network of other franchisees, which reduces your dependence on the seller. Another strange fact - often the franchisor has right of first refusal to purchase and may in fact have to "approve" you as a buyer before you can transact. Its always best to get in their system and sign the FDD to learn more and avoid delays later.

1 year ago | like reply | 1 like

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