will franchise owners buy land & build property then lease back to new franchisee?
If I were to purchase a gym franchise, would the owner of the franchise ever consider buying land and building property, then leasing it back to me as the new franchisee? For example: there are no suitable venues for a new gym in the suburb i wish to start one, and it would be too expensive for me as a first time business owner to buy land and build, so do franchise owners ever buy property, build the venue then lease back to the franchisee??
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Tags: Business Owner, Lease Back, Venue
lease property | , 25 Dec 09
By Raoul I, December 28, 2009 @ 9:08 pm
Fuel companies like Chevron, Shell, and Exxon do this.
If you have good credit, some decent liquidity, and a good business plan, a Fitness Franchise or a property developer should consider such Business Development. Otherwise, you might need to bring in other partners.