An existing franchise business with excellent equity built in.

[Cecil Russell]

I am inquiring about an existing business (Cold Stone Creameries franchise). Records indicates an average annual income of $169,000. The owner is asking $49,000-according to the information sheet on the property. This would be my very first investment deal. I am undecided whether to hold or resell. I would appreciate any information that I should be aware of in this type of transaction specifically, any "red flags" I should look for, specific questions to ask, etc. Thank you in advance.