Franchise Re-sales

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Franchise Re-sales

So you’ve decided that franchising is the perfect solution for you, meeting both your business objectives and entrepreneurial spirit. You’ve done your research and have finally found the ideal proposition. But wait, what’s this? You discover the franchise you’ve chosen has put up a ‘no vacancies’ sign. What can you do?!

The answer could be to buy an existing franchise outlet.

Our expert franchise lawyers have years of experience dealing with franchise re-sales. We have an excellent reputation for progressing sales quickly and with as little complication as possible, while protecting your interests through thoroughly-drafted legal agreements.

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If you are selling a franchise...

If you are selling a franchise, you will need to ensure that whatever steps you take are in accordance with your franchise agreement.

Review your agreement with a bfa affiliated franchise lawyer to ensure all your obligations are fully met. And once the sale has completed, you will need to confirm that all your liabilities to the franchisor have ceased completely.

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If you are buying a franchise...

Expect to sign contracts with both the existing franchisee as well as the franchisor, and make sure you have carried out your due diligence and that you are protected with suitable warranties in your purchase agreement.

It always pays to take advice from a bfa affiliated franchise lawyer whether you are buying or selling a franchise.

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“Working with Goldstein Legal has been fantastic. From my first meeting with Roz [Goldstein], everything ran smoothly – no hiccups. The team listened to our plans and provided the legal advice we needed. Goldstein Legal know franchising inside out!”

Ready to get started? Arrange your initial consultation today.

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We regularly blog on subjects related to franchising in the UK, commercial law and employment law.

As part of the BFA's wellness week, Goldstein Legal are taking part in their month long "Move Campaign" in June and we will celebrating our journeys on Monday 16th June. If you want to take part, have a look on the BFA website https://www.thebfa.org/national-franchise-week/move/

It is just under three weeks to go before it is the annual Empowering Women in Business conference organised by @BFA_UK on 18th June. Have a look at the details on the BFA's website https://www.thebfa.org/empowering-women-in-business/ to see the amazing speakers and book tickets. Part of the Wellbeing Week

Some of the official pictures from the Encouraging Women into Franchising Awards: the first one showing the all the finalists and sponsors and the second one showing winners, including our very own Catrina Newman. Thank you to @EWIF_UK for capturing the moment

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