Glossary · Doing the deal
In short
A franchise resale is the acquisition of an existing franchised business from a current franchisee. This process involves approval from both the seller and the franchisor.
When buying an existing franchise, you'll need to satisfy the franchisor's requirements for new franchisees, including their approval process and potentially attending training. Ensure the franchisor has approved the transfer of the franchise agreement to you before proceeding with loan closing.
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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