If you are a franchisee selling your franchise, you have a few things you need to do, in order to be prepared:

1. Get your franchise agreement ready.

2. Organize your business and financial records.

3. Obtain copies of all your commercial leases.

4. Prepare a non-disclosure agreement.

5. Review your insurance requirements.

A franchise is a useful tool to grow a business where the owners have a profitable business model that can be easily replicated but you do not have the time, energy or capital to open new locations. The franchise model allows business owners to grow the business and the brand with less capital compared to opening individual locations. Additionally, franchises, if structured properly, should attract motivated individuals who will have substantial time and money invested into the franchise (and hopefully try to make the franchise profitable.)