TL;DR
David Ostrowe, a franchisee, operates multiple franchise companies and shares tips on selling franchise units, including considering real estate and accurately reporting revenue. He has experience working with brands like Church's, Taco Bell, and Burger King.
David Ostrowe learned a lot working on the corporate side for brands like Church's and Taco Bell. Today, as a franchisee, he operates locations for Burger King, Taco Bell, and Blaze Pizza. His organization operates three franchise companies: Blazing Partners, 180 Business Solutions, and O&M Restaurant Group.
One of the business skills Ostrowe has developed over his career is buying and selling franchise units. It takes knowledge and experience to know how to decide when to sell, what the units are worth, where the franchisor stands, and a multitude of other factors that can affect the maximization of profit when selling.
If you think selling a franchise unit may be in your future, consider this tip from someone who has been there and done that.
Will your deal include selling your real estate? Do you know the cap rates associated with your brand? I track the real-time value of my business by concept. Every period, I'll track the real-time marketable value so I know the perfect time to potentially sell or reinvest.
You should be reporting 100 percent of all revenue by properly posting on the P&L. It should match the royalty and sales tax reports to the penny.
Get Started in Franchising
Franchise Rankings & Awards
Franchise Sales & Development
Featured Franchise Stories
Franchising.com is produced by Franchise Update Media. Franchise Update Media has its finger on the pulse of franchising with unrivalled audience intelligence and market driven data. No media company understands the franchise landscape deeper than Franchise Update Media.
1201 New York Avenue NW, Suite 300A Washington, DC 20005 PH. (408) 402-5681
Franchisee Financing & Lending
Site Selection & Real Estate
Supply Chain & Procurement
Annual Franchise Development Report
Multi-Unit Franchising Conference
Franchise Growth & Marketing Conference
Franchise Leadership & Development Conference
Multi-Unit Franchisee Magazine
Franchise Update Magazine
Franchise Update Franchisor Report
Franchising Express Report
International Franchise Report
Multi-Unit Franchisee Report
The multi-unit franchise opportunities listed above are not related to or endorsed by Multi-Unit Franchisee or Franchise Update Media Group. We are not engaged in, supporting, or endorsing any specific franchise, business opportunity, company or individual. No statement in this site is to be construed as a recommendation. We encourage prospective franchise buyers to perform extensive due diligence when considering a franchise opportunity.
In this story
This story was originally published by David Ostrowe in Franchising.com on January 21, 2019. Burnaze summarizes and links to the original reporting.
Read the full story at Franchising.comLiked this? Get the week's franchise news, explained
- Sunday 8 AM ET weekly + a monthly deep dive
- Sections picked for the industries you follow
- Every claim linked to its source. Free.
