Whether you’re running a marketing firm or a widget factory, any business owner considering a sale should strategize in advance about how to make the firm attractive to buyers. Can you give us some general advice about buying a franchise, including how to get a capital loan and how to ensure we make a profit? Get a copy of the Uniform Franchise Offering Circular (UFOC), a document that franchisors are required to provide with key information such as the initial and ongoing costs of running a franchise. Options include borrowing against your home equity, borrowing from friends and family, getting an SBA loan, equipment leasing, using your 401(k) or IRA to finance your purchase - or some combination of those. The International Franchise Association offers tips for potential franchisees in the “Franchising Basics” of its Web site at www. Read More