How do I sell my franchise business?

Franchisees must check their franchise agreements and carefully follow the procedure for the sale of their business as set out in their franchise agreement. Minor or technical deviations from the sale process can result in the termination of the franchise agreement which can have devastating effects for a franchisee. The procedure in the franchise agreement often requires the business to be first offered to the franchisor. In all cases, the transfer of the franchise will require the consent of the franchisor and will require a sale of business agreement between the franchisee and the purchaser of the business.