Since you said your S-Corp owned both franchises, then the sale must have been structured as an Asset Sale. For an asset sale, you would dispose, on you books, of each of the assets sold. There are specific rules about how you allocate the sales proceeds to various asset classes under Sec 1060. For each asset sold, you would report it in TurboTax as an asset sale.
There are also reporting requirements. The Seller and the Purchaser in an applicable asset acquisition each must report information concerning the amount of consideration in the transaction and its allocation among the assets transferred. You must also report information about any subsequent adjustments to consideration.
The allocation method and reporting requirements are beyond the scope of this Community. You may want to consult with local tax professional.
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