Need to Raise Case After a Franchise Failure?

Becoming a franchisee has many attractions: you are buying into an existing proven business and the marketing of that business is usually taken care of centrally, leaving you to mould the business around the model set up by the franchisor.

But like any business, a franchise is subject to market conditions, upturns and downturns in fashion, economies, supply and demand, all of which can leave you as the franchisee in a vulnerable position.

If you have a franchise that is in trouble, talk to your franchisor and see if they can help.  Their experience may help you overcome temporary difficulties and get you through a patch of rough trading.  But if the difficulties are more serious you may need to find ways out of your franchise agreement. 

If you need to settle an agreement or pay off debts, you will need to explore what options are available to raise additional cash.  If you have not already used your home as security then this might be an option that you could consider, but if your existing debt is secured on your property then that course of action won’t be available.  You may be able to pay back your debt over a period of time if you can get a job, but whatever you decide, you should seek the expertise of a lawyer who can outline the options together with their pros and cons.

To raise a large amount of cash usually means selling your home.  If you decide this is right for you, Property Rescue can help.  They make a guarantee to provide you with a sale.  If you accept their offer, the sale can conclude quickly leaving you free to settle up your debts and move on with your life.  Their ‘Sell and Rent Back’ scheme allows you to stay in your home as a tenant if you wish.  This means you won’t have the additional upheaval and expense of moving yourself and your family to another property and because everything is done in complete confidence, your neighbours and friends need not known anything has changed.

Your circumstances may change over time, which is why Property Rescue give you the opportunity to choose a ‘Sell and Buy Back’ option.  This gives you the choice of buying back your property at a date and price set in the future.  When the time comes you may decide not to buy back your home, and you are free to do that.  If you want to buy it back Property Rescue will stick to the price agreed, even if the market has risen in the meantime.

Contact Property Rescue who will be pleased to answer your questions and explain in more detail how the scheme works.

Related Articles:

• Clear Your Debts with a Quick House Sale
• A Cash Sale - Quickly and in Confidence
• Pay Off Your Mortgage
• Solve Your Debt but Stay in Your Home
• Need to Raise Cash After a Business Failure?
• Need to Raise Cash After a Franchise Failure?
• Pay off your mortgage and Sell and Rent Back
• Save your credit rating