Buying an existing business has some similarities to buying a franchise. But they’re ultimately two different options. Buying a business involves purchasing the brand, location, operations, and assets from the previous owner. Generally, people sell their small business if they’re looking to move, retire, or explore a different passion.
Buying a franchise means buying into an existing business system under the umbrella of a larger brand. There may be multiple independent businesses operating using the proven systems and brand recognition developed by the larger business. To learn more about available franchises in your region, use the Search Franchises feature on BizBuySell.