We Sell Restaurants Forms New Partnership with FSC Franchise Co
We Sell Restaurants, recognized as America’s largest and exclusive business broker franchise dedicated to the restaurant sector, has entered into a significant Memorandum of Understanding (MOU) with FSC Franchise Co. This partnership establishes We Sell Restaurants as the preferred advisor for franchise resale services within FSC's portfolio, enhancing the transition and succession planning for its franchisees. This strategic alignment is set to ensure both brands thrive while supporting their operational objectives.
Enhancing Franchisee Support
Chris Elliott, CEO of FSC Franchise Co, emphasizes the value of this partnership, stating, "The collaboration with We Sell Restaurants broadens the support we provide our franchisees. Their expertise in restaurant valuation and marketing is crucial for owners considering retirement or selling their businesses." This partnership is aimed at helping franchise owners make informed decisions about their future, emphasizing long-term success.
Benefits of the Partnership
The MOU is designed to create resources and educational content aimed at franchisees. This includes workshops, webinars on succession planning, and a step-by-step guide to facilitate business sales. We Sell Restaurants will actively manage the contract-to-closing process to simplify transitions for franchise owners. Their approach is built on a success-based commission model, ensuring no upfront fees until transactions are finalized.
Focus on Quality and Operational Stability
Both brands are committed to addressing the challenges associated with restaurant ownership turnover, preserving operational stability and maintaining a high quality of service. The agreement allows FSC Franchise Co. to boost net growth by keeping locations operational and providing franchisees with reliable exit strategies, in addition to attracting new investors who are eager to join the brand.
The Future of FSC Franchise Co
FSC Franchise Co. boasts 272 active locations under its three brands—Beef O' Brady's, Newk's Eatery, and Brass Tap. With plans to establish an additional 20 locations in the upcoming year and over 100 new openings over the next five years, the collaboration with We Sell Restaurants is anticipated to streamline franchise sales and improve operational efficiencies. Each year, FSC Franchise Co executes five to seven resales that We Sell Restaurants will facilitate.
A Commitment to Restaurant Excellence
Robin Gagnon, co-founder and CEO of We Sell Restaurants, shared her enthusiasm for the partnership, stating, "This MOU signifies a strong alignment between two brands dedicated to the success of restaurants. Our expertise will ensure that franchise units can transition smoothly while remaining profitable." The partnership is not only a practical solution but also a vital step forward for both entities in the evolving restaurant landscape.
Welcoming Future Opportunities
With the ongoing growth of the restaurant industry—nearly one million restaurants operating in the United States and 20% listed for sale at any time—We Sell Restaurants is positioning itself as a vital player in this market. The franchise model has seen outstanding success, with accolades from various prestigious organizations recognizing its commitment to franchisee satisfaction and innovative practices.
According to the latest financial disclosures from We Sell Restaurants, franchisees achieved gross commission incomes of $273,251, with a notable percentage exceeding one million dollars in sales. Such financial performance enhances the attractiveness of the franchise offerings, appealing to aspiring business owners and investors alike.
Frequently Asked Questions
What is the purpose of the Memorandum of Understanding between We Sell Restaurants and FSC Franchise Co?
The MOU establishes We Sell Restaurants as the preferred resource for facilitating franchise resale services, focusing on succession planning and ownership transitions to support franchisees effectively.
How many locations does FSC Franchise Co operate currently?
FSC Franchise Co operates a total of 272 locations across their brands.
What types of educational resources will be available to franchisees through this partnership?
Franchisees will have access to workshops, webinars, valuation guidance, and a ten-step process for selling their businesses.
What is significant about the restaurant industry in America?
There are nearly one million restaurants in the U.S., with 20% listed for sale at any given time. Restaurants comprise over 28% of all franchise locations.
How does We Sell Restaurants' revenue model work?
They operate on a success-based commission model, meaning franchisees pay no fees until a transaction is completed successfully.
