Be Aware of Franchise Exit Fees

As an excited buyer, often potential franchise owners do not check the fine print when it comes to exit fees charged by the franchisor.  We have delt with many sellers of franchises that have been unaware of the fees charged when they intend to sell their franchise business.  

If you own a franchise, you should check your agreement and be aware of any fees that the franchisor will charge you when you exit the franchise.  You should also be aware of any conditions around a potential sale. Often the franchise is required to be offered back to the franchisor in the first instance. 

If you are unsure on how to interpret the agreement, seek legal advice.