Is it better to buy a new or resale franchise?
The answer to this question depends upon your situation. Purchasing a franchise resale is already a turnkey operation that is already up and running. As a result, you will simply takeover an existing business. However, the cost to purchase a franchise resale is often more expensive than buying a the rights to a new franchise and starting from scratch. However, in some areas your only option to own a specific franchise is to purchase a resale because the franchisor is no longer selling new franchises in that area. Whatever the case may be, if you are looking at buying a resale franchise the biggest question you need to have answered is, “Why is the franchisee selling the franchise?” The answer to this question will greatly impact your decision of whether to buy the franchise or not.
