“The day you open your business should be the same day you know how you’re going to exit your business,” indicates David Hudson, Franchise Operations Manager for Ultra Pool Care Squad. “Some may call this creating an exit strategy or simply refer to it as legacy planning. One of the biggest advantages of franchising is benefiting from a higher sales price when you sell your business. Additionally, if you instead decide to hand off your franchised business to a child or a manager, you will set them up for success due to the franchise support system that is already in place to assist them in both maintaining previous sales volume and further growing their business.”
David emphasises that when, not if, you sell your franchise, you will always be able to sell it for a higher price. Why? Because the next buyer will pay more for a franchised business because they get the added value of the franchisor’s experience and expertise to help successfully onboard the buyer and elevate them to the next level much more efficiently.
“Buyers love purchasing a franchise because they don’t have to ‘reinvent the wheel’ so to speak,” notes David. “That is why it is ideal to purchase a franchise as part of your legacy planning, as you will get a bigger sales price when you go to sell it.”
Do you want to prepare for a secure financial future by working a few extra years, or would you prefer to integrate a viable and steady stream of revenue that can potentially open the door to a more relaxed and enjoyable retirement while simultaneously creating an inheritance for your kids? Owning a franchise like Ultra Pool Care Squad could ultimately position your financial estate for a more promising future.