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Owning businesses in multiple states? (alien.top)

submitted 10 months ago by Jrad-Knows-How@alien.top to c/entrepreneur@indiehackers.space

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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.

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[–] eskayland@alien.top 1 points 10 months ago

Franchise is a loaded word...backed by tons of legal stuff..so don't even mention franchising until you're ready. Take a key person in the East, make'm VP and get ur ass out West and fire it up. Stay in control of it all. If business model is multi+state proven...more value to you.