What Is A Franchise Resale ?

A franchise resale occurs when an existing and already established franchise business is sold to a new owner. In most cases the new owner will have to be pre-approved by the franchiser before the franchise can be transferred or sold and the new franchisee will also be subject to the same type of franchise agreement the original franchisee signed. The new franchisee may also be required to attend training classes as part of the new franchise agreement.