Buddy System

'Net Sales

Franchisees and business opportunity owners looking to sell their existing units have a new way to spread the word to potential buyers. Franchise Solutions Information Services, a franchise consulting firm in Portsmouth, New Hampshire, has created the National Franchise and Business Re-Sale Network, a monthly for-sale listing that's posted on two Internet sites and circulated on paper to about 600 readers.

Listing your business costs $225 for the first three months. And you won't be bombarded with calls: Franchise Solutions protects the identities of the businesses, so you have control of contacting potential buyers. "We get pre-qualifying information [about buyers] and relay it to the [seller]," says Calvin Haskell Jr., president and CEO of Franchise Solutions. "It's then up to the franchisee to make contact."

The network, which started in January, currently has about 50 business listings; Haskell expects this number to double in the coming months.

And with thousands of franchise locations and business opportunities going on the market every year in the United States, the listing has the potential to grow even further.

For more information, visit one of Franchise Solutions' home pages at www.bluefin.net/~fransale.

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This article was originally published in the July 1996 print edition of Entrepreneur with the headline: Buddy System.

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