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CATEGORIES: Business, Franchising
Are you thinking about selling your franchise? Whether it’s next year or years down the line, the key to a successful exit is preparing now. In this episode, Erik Van Horn and multi-brand franchisee Daniel Castellini reveal the insider secrets to maximizing your franchise’s value and attracting the right buyer.
Erik and Dan dive into the challenges of preparing a franchise for sale, from cleaning up financials to building systems that ensure a smooth transition. Dan also shares insights from his experience as both a seller and a buyer, revealing what makes a business attractive to potential buyers and private equity firms.
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Learn actionable tips on preparing a business for sale, negotiating terms, and understanding what buyers are truly looking for. Whether you’re years away from selling or considering an exit soon, this episode offers a roadmap to maximizing your franchise’s value.
Tune in and learn how to build a business that’s always ready to sell.
“I think when you know what to expect, that's probably the most critical thing. As far as actually dealing with the negotiation, I think a lot of that is gonna be personality-based. Some of that is just gonna happen naturally." ~ Daniel Castellini
In This Episode:
- The first time Dan thought about selling
- Knowing your buyer: private equity vs. individual buyers
- Pros and cons of seller financing
- Handling emotions during negotiations
- The hardest part about preparing for the sale
- Preparing for the sale and what happens to your staff
- How to negotiate the sale
- Why clean financials are essential for selling your franchise
- Why every franchisee needs an exit strategy
- What's next for Dan?
Resources:
🌐 Consult with Erik - https://form.jotform.com/222685728939070
🌐 Want to buy a franchise? Connect with Erik here - https://forms.gle/n4JedEuU5p7asE617
🌐 Want to franchise your business? Connect with Erik here - https://forms.gle/n4JedEuU5p7asE617
🌐 Franchisees and franchisors find proven tactics and strategies to scale YOUR businesses - https://scalablefranchise.com/
Connect with Daniel Castellini:
Connect with Erik Van Horn:
🌐 Website
Erik Van Horn is a franchising specialist, and expert in multi-unit, semi-absentee franchise business ownership. From entrepreneur to regional developer, and investor to consultant, Erik has worn many hats over the last two decades, which has provided him unique insight into complex aspects of the industry. If you're a franchisee, a franchisor, or one aspiring to be, subscribe to the Franchise Secrets channel and visit www.FranchiseSecrets.com for even more tactical and practical tools to help you buy, grow, and sell franchises like an expert.
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