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The franchisor is going to have to show they have reasonable grounds for refusing a buyer.
Most franchisees buy a franchise with a dream in mind, which is after a number of years of hard work and dedication they will have built up a business that they will eventually be able to sell. Surveys have shown that around 13 per cent of franchisees buy a franchise to make their investment grow.
Franchisees often forget that any such promise was coupled with certain conditions.
terms. However, at the time of buying a franchise, franchisees are concerned about other things such as to secure the franchise and start the
The condition that creates the most difficulty is the one which requires the franchisee to obtain the franchisor's consent.
Franchisees need to be reminded that one of the prime objectives of a franchisor is to ensure that standards are maintained, which means ensuring that all franchisees satisfy the franchisor's criteria with regard to ability, skill, financial strength, character, etc. Just as franchisors are very careful in the selection of their initial
Those franchisees, while accepting the underlying reasons for the imposition of such a condition, nevertheless feel uncomfortable about the franchisor retaining total discretion as to who they can sell their business to.
Franchisees usually content themselves with having to rely on the reputation of the franchisor by talking to existing franchisees and doing their homework to see whether or not in the past, the franchisor has exercised such powers as it has retained, reasonably.
It is not all
For the