The current owner works just 20 hours per week. You can reasonably expect wage costs to reduce if you were to work full time in the business. And you know whose pocket the extra profit will flow into.
The valuation is based on the declared profit of the business. In other words, there are no add-backs to the profit to argue over. That’s unusual. And will give you confidence in the integrity of the financials.
You’ll be provided with comprehensive training by the franchisor. After which, you’ll be confident to run your very own store. You’ll be in business for yourself, but not by yourself. There’ll be ongoing support every step of the way.
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