Nevadabobs.com Completes Purchase of U.S. Franchise System

<b></b>

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
1 min read
Opinions expressed by Entrepreneur contributors are their own.

Toronto-Nevadabobs.com Inc. announced it has completed the purchase of all the U.S. intellectual property assets of Bob's Golf Inc. for $1.8 million. The assets acquired include all the rights of Nevada Bob's as a franchisor of the Nevada Bob's system in the United States. The balance of the transaction, including the Canadian intellectual property and the non-European international intellectual property assets, including the rights of Nevada Bob's as an international franchisor, will close subject to obtaining further court orders.

Nevadabobs.com intends to grant interim license agreements immediately to all former Nevada Bob's franchisees in the United States to use the Nevada Bob's name in their territory while the franchise system is being reorganized. The reorganization of the franchise system will commence immediately and will put the franchise system on firm footing for strong future expansion and growth. The Canadian and international franchise systems will also be reorganized immediately when those acquisitions close. -Nevadabobs.com Inc.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur