Restaurant Brochure - How do I sell My Restaurant Franchise?
Author Name: Daniel Wilson
Address:- PO Box No : 94044,
104 Esplanade ave 120
Pacific CA
Mobile No:- +1 917-668-8461
The absolute first thing that you must do is to contact your franchisor. Do not be embarrassed! Franchisors expect that a certain percentage of their franchisees will someday want to sell their franchise. It is normal. There are many reasons for a franchisee to want to sell a franchise. Your reason for wanting to sell is probably a legitimate reason, something that the franchisor has probably heard many times before.
But probably the biggest reason that you need to contact your franchisor is that many franchisors will impose restrictions on franchise re-sales. For the most part these restrictions will follow closely with their Brochure Design For Restaurant existing guidelines used for recruiting a new franchisee. They just want the ability to approve any new franchisee.
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Are you prepared to sell your franchise? Do you know what your franchise is worth? Will you need to carry financing? Is your financial information up to date? Have you talked with your attorney about the correct from of structure for a sale (asset based vs. stock based)? Are there property lease considerations? Will your landlord allow an assumption of your lease?
You have got to know the answers to these questions. Make sure that you are properly prepared to sell your franchise. You will need to research the marketplace in order to establish a price point. You may wish to talk to a Business Broker or other informed expert for guidance. Check with your accountant. He or she has probably seen a business or two that has been sold over the years. Lean on those around you for good quality advice.
Looking at many franchisor web sites over the last few months, many sites include a section on their web site for franchise re-sales. Consequently, your franchisor may be able to help you market your franchise for sale to others. There are other ways to sell an existing franchise. A good old fashioned newspaper ad can work. A more progressive way is to advertise your franchise for sale online with a web site that is designed to market your franchise. An example would be The Business Market which has a number of existing franchises for sale.
If you own a restaurant or are having a large family get together, serving lobsters for dinner isn’t as expensive as you think. While a fancy restaurant might charge 30-40 dollars a plate, you can order live Maine lobster for as little at 6 or 7 dollars a pound!
The first step is finding a distributor. The Maine lobster industry is regulated by the state and remains for the most part family owned and operated. This is a good thing! While most large corporate distributors wouldn’t waste their time dealing with a small order, a family run lobster pound will most likely bend over backwards to obtain your business.
You can easily find a good lobster distributor using a search engine such as Yahoo or Google. I would use keywords such as “wholesale lobster” or “wholesale live lobster”. This will return a myriad of results, some better than others. Look for a lobster distributor who welcomes small orders. Many places will have a page devoted to wholesale inquires. Just submit an email and leave your name and number, along with how much lobster you want to order. Someone should return you email and give you price quote.
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When you get the price quote, make sure it is broken down by pounds of lobster and shipping cost. Shipping can be rather expensive, so don’t be shocked if it is several hundred dollars.
Most distributors give two options for shipping. FedEx/UPS or Air Freight. FedEx/UPS is great because it is delivered right to your front door even on the weekend. This convenience comes at a cost, shipping 100 pounds overnight through FedEx will cost you over 200 dollars. FedEx should be used when your total weight is low, or you are unable to use air freight.
The second option, Air Freight, is much less expensive, but also less convenient. The lobster distributor will pack up your lobster and drive them to a local airport. The lobsters will be placed on an airplane and flown to an airport close to you. Most often you will be required to pick up the lobsters at the airport. Air freight will cost you between 50 and 75 cents per pound. So to ship 100 pounds may only cost 50-75 dollars, much less then if you used FedEx or UPS.
Your lobsters will arrive in a large box packed with ice packs and special pads to old in ocean water. Lobster should be placed in refrigeration with the box open to the air. You should plan to have your lobster delivered on the day you wish to serve them.
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