Hi there. I work with people around the world to help them buy and sell businesses. I've been involved in the re-sale of dozens of franchises.

I would recommend you read my 2015 book Franchise Warnings. It contains a section on business valuation where I compare an independent business vs. a franchise. Available on Amazon or at www.FranchiseWarnings.com

My 2016 book; How To Sell My Own Business, also gives an insight on how small businesses are valued. I also have links to over 85 videos on buying and selling businesses at www.HowToSellMyOwnBusiness.com (book is also on Amazon.)

Should you want to discuss your particular case, simply arrange a call. If you want to move to an actual valuation, I'd be happy to help. There is more info at the above-mentioned website.

Cheers.
dave