Franchise Opportunities for Entrepreneurs and Independent Print Shop Owners
Sooner or later, every business owner begins to consider retirement or otherwise
moving on. And while the prospect may excite you, the process shouldn't dismay you.
In a nutshell, here's how it works.
You'll collect bank statements, tax returns, P&L statements and related documents from the past three years for the prospective purchaser to review.
You'll need to seek input from your accountant and attorney. The prospective buyer will sound you out on special terms like retaining key employees.
Having completed a valuation of what other businesses like yours are selling for, the prospective purchaser will provide you with a Letter of Intent (LOI).
The LOI should spell out the price, terms and date of sale. You'll have time to review it thoroughly, accept it, or make a counteroffer.
Having negotiated a deal, the prospective purchaser will take a "deeper dive" into all of the data to ensure it's correct and that no surprises await either party.
Almost done! With a Purchase Agreement in hand, the buyer will meet to finalize the paperwork, hand you a check ... and accept the keys.
You'll introduce the buyer to your clients and employees. Most sellers stay on for 90 days to ensure the changeover goes smoothly.
Allegra Network LLC | 47585 Galleon Drive | Plymouth, MI 48170
SIGN & GRAPHICS Operations LLC | 11685 Crossroads Circle, Suite E | Middle River, MD 21220
© 2019 Alliance Franchise Brands LLC. All Rights Reserved. Alliance Franchise Brands is the parent company of Allegra franchisor Allegra Network LLC and of KKP franchisor KK Printing Canada ULC.Alliance Franchise Brands is the parent company of Image360 franchisor Sign & Graphics Operations LLC.
This advertisement is not an offering. An offering can only be made by a disclosure document filed first with the Department of Law of the State of New York. Such filing does not constitute approval by the Department of Law. F-4115. F-6892.
This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for informational purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington and Wisconsin. If you are a resident of one of those states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your jurisdiction.