If you were going to acquire a Popeye's franchise would you take one that earns profit or the one where you are working for free ten years to start getting profit?

There are other things, other businesses where you can make money- such as owner operator of a 7 eleven, or some other such franchise type business. 

(Not really a surprise that CA makes life a little harder)The California Franchise Tax Board will require that you file a new form every single year (Form 3840) in which you detail what you did with your sale proceeds, where they are invested, and whether you ever recognized income from your sale or any subsequent sale.  

I don't know the Utah requirements; but in Colorado I bailed from a franchise as soon as I could.

If you want to 1031 exchange to a property outside of CA, then you'll want to be careful about how the California Franchise Tax Board makes 1031s more difficult (no surprises there) when leaving their jurisdiction. 

You certainly can 1031 exchange from CA to Hawaii, although the California Franchise Tax Board will make it a little more annoying by forcing you file a new form (Form 3840) each year after you sell...failure to file the form will result in taxes owed. 

Matthew Rodriguez is the Franchise Owner and Certified Home Inspector and brings years of industry knowledge, as well as specialized local wisdom to our group.Drinks and refreshments will be served.

H&R Block where I’ve gone for 26 years to the same accountant who also owned the franchise charges a set amount per document you bring in.

If I had to strip it all down, I'd sell all the franchises I own, equities, etc., and the things I'd keep is strictly the oil, ags, infra assets and REI.  

In other words, you don't buy a restaurant franchise or other retail business, without calculating cost of employees to run it.