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What should failing franchisees consider? When failing franchisees contact us for help with their franchise there are a number of concerns that need to be considered. This blog post is intended to provide some tips for those failing franchisees.
First of all, failing franchisees should consider consulting with their franchisors for suggestions and help. Many times failing franchisees are nervous about discussing their situation with the franchisor. However, the franchisor may have some valuable insight into ways that failing franchisees in their system can improve their businesses. In addition, the franchisor may be a valuable resource if failing franchisees would like to sell their businesses. Some franchisors maintain a list of locations available for resale and will list failing franchisees' locations. Read more »