Can I buy an existing franchise business?

Buying an existing franchise business is an alternative to setting up a new franchise of your own. Purchasing an existing franchise business is a complex transaction. The buyer must sign an agreement with the seller, as well as a franchise agreement with the franchisor. Just as the seller of an existing franchise should have their own legal counsel help with the transfer, the buyer should also protect their rights and fully understand their obligations by having a trusted legal advisor to assist with the purchase.