I started a service business 6 years ago in Washington, and I have the opportunity to buy a similar business in Colorado that does much better revenue than mine currently does.
Should I sell mine outright and go all in on the other one or should I consider “selling” mine as a franchise and continue to own it alongside the other one? The Brand names will be different, and the operation in Washington is more of an owner/operator concern at the moment, though there is some potential for expansion.
You must log in or register to comment.
depending on the kind of business, you could hire an employee or manager for the Washington business.
You might as well ask a magic 8 ball.
If you have a successful business you obviously know better than taking advice from a random online community over a matter so important while simultaneously giving so little context.
It sounds like you are just to afraid to make a decision and want strangers to make it for you under whatever criteria rather than going deeper into analysis.
If the business in Colorado does much better than yours does in WA, I would sell the existing business and go all in on the other one.
Running two businesses in different states will take its toll on you, if you’re not prepared for what’s involved. But make sure you will be better off with the CO business.