Franchise Business OpportunitiesWhat Is The Role Of A Franchise Broker?
If you are interested in buying a franchise business, it may behoove you to do so through a franchise broker. You should also consider utilizing the advice of a professional franchise consultant.
So, What Exactly is a Franchise Broker?
A franchise broker is simply someone who acts as a liaison between franchisors and franchisees. He gets the two parties together and has the sale of a franchise as his ultimate goal.
Empirebb.com compares a franchise, or business broker to a real estate broker because, essentially, a business broker does the same thing. The only difference is that instead of selling houses, the franchise broker is selling businesses. He assists the seller in preparing the business for sale and also prepares and delivers necessary documents. He will facilitate the closing of a deal and earn a commission on each sale.
The franchise brokers knowledge of available business opportunities can greatly aid you in your own search.
Some Functions of Franchise Brokers
Empirebb.com provides this list of the various roles of a business broker: