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Buying An Existing Franchise & Passing It Down

“Shirtsleeves to shirtsleeves in three generations” is how Americans describe the high failure rate of family businesses—a phenomenon noted in many cultures. Brazil “Pai rico, filho nobre, neto pobre” (Rich father, noble son, poor grandson) China “Fu bu guo san dai” (Wealth never survives three generations) Mexico “Padre bodeguero, hijo caballero, nieto pordiosero” (Father merchant, son gentleman, grandson beggar) Italy “Dalle stalle alle stelle alle stalle” (From the stables to the stars and back to the stables) I am often contacted with this request “can you find me a business – preferably an existing business with cash flow – that I can purchase and grow with the intent of havi

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