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Reply to "Advice on Selling Franchise at a loss"
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[quote=Anonymous]Wife and I started a franchise business about 1.5 years ago. We are in it for about 260K. I have an offer for 190K. Should I sell it? Company told us we would be break evern by 180-200K. We made money one month thus far though losses are getting substantially less now. Last month was 400 bucks. Issue is we financed and I owe 1654 a month to the bank. Just got a new job (I am a lawyer_ and making about 225K plus 25-50 in bonuses. Don't want to drain resources into it but don't want to take loss. Saved substantial taxes so if you count that we are probably close to break even on the business. Do advice[/quote]
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