WHY FRANCHISEES NEED AN EXIT PLAN?

Hi there,

When I bought a franchise for sale, my mentor advised me to create an exit plan. I was surprised at the suggestion because I thought it was absurd to think about quitting when you have not even started. However, I understood its importance when I spoke to an outgoing franchisee. He told me that the plan helped him to sell his franchise at the exact price he wanted and at the right time. He told me that his business was ready for the sale because he worked towards it according to the exit plan. Thus, it is never too early to have an exit plan. Here is an article that will help you understand this in detail.

https://www.franchise2sell.com.au/blogs/franchise/why-franchisees-need-an-exit-plan