My business partner and I currently exploring the process of buying a business and transforming it into a franchisable model. This endeavor is both exciting and a bit daunting, and I would greatly appreciate any insights or experiences you might have in this area. I have been checking some research on IFA, but not finding many searchers and operators yet. Most IFA participants are not searchers who want to be franchisor, instead, most of them are franchisees.
I believe it's important for the buyer to work with a franchising consultant. Their early involvement can help assess the "franchisability" potential during the due diligence phase.
If you have successfully navigated this journey or know someone who has, I would love to connect and learn from your experiences. Thank you!
Has anyone had experience purchasing a business and turning it into a franchise?
by a searcher from George Mason University
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