UFC President Dana White is hoping former middleweight champion Rich Franklin is done as an active competitor inside the Octagon.

"I think he wants one more fight,” White told MMA Junkie. 

"I think he wants to fight again. It's so hard for these guys to retire … He's building a business right now ... He's out there (LA) working on that and building his own business. Hopefully it takes off and he makes millions of dollars and doesn't want to do that last fight. That's what I'd love to see.”

Franklin announced last month that he plans to open a juice bar in the Beverly Hills area of Los Angeles, California, noting that “nutrition has always been a passion of mine.”

“Ace” held the 185-pound strap between June 2005 and October 2006, losing the belt to Anderson Silva, who would reign atop the division for nearly seven years.

Silva and Franklin met again at UFC 77 a year later, with the American kickboxer once again losing by TKO, getting brutalized by “The Spider’s” knee strikes from the clinch.

Since then, the 38-year-old went 5-4 in his next nine fights, not able to put a win streak together since 2008.

Despite being heavily favored, Franklin was viciously knocked out by former Strikeforce middleweight champ Cung Le at UFC on FUEL 6 in November.

Franklin had his first professional fight in June 1999, amassing a 29-7(1) record in his 13-year career. Also to his credit, the former high school math teacher has only lost to former UFC or Pride champions. 

Is it time for Franklin to hang up the gloves or does he still have a few good scraps left in him despite being near 40 years old?