Frequently Asked Questions
23. I'm buying an existing business which happens to be a franchise.
Is there anything special I need to consider?
You should obtain a copy of the franchise agreement and review it carefully.
You should also determine if you'll be required to pay the entire franchise fee,
transfer fee, royalty fees, or advertising fees. In most cases, the franchise
will have to approve the transfer or sale of the franchise. If you are seeking
SBA financing, it is important to determine if the franchise is one which is
eligible for SBA financing.
For more information, visit the SBA franchise registry.
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The Arkansas Small Business and Technology Development Center
is funded in part through a cooperative agreement with the U.S. Small Business Administration
through a partnership with the University of Arkansas at Little Rock College of Business
and other institutions of higher education. All opinions, conclusions or recommendations
expressed are those of the author(s) and do not necessarily reflect the views
of the SBA. It is the goal of UALR to eliminate discriminatory harassment and
to promote equal opportunity regardless of race, gender, color, national origin,
sexual orientation, age, religion, veteran's status, or disability.
