The information you submit via our enquiry form is shared only with the franchise business(es) that you have selected.

The franchise business will contact you by means of email and/ or telephone only to the email address and phone number you have provided.

By submitting the enquiry form you are consenting to send your personal information to the selected franchise business.

You also agree to receive further newsletter email marketing from What Franchise.

Close

4 proven steps to successfully buy a franchise resale

4 proven steps to successfully buy a franchise resale

Four essential elements to consider when purchasing a franchise resale

Buying a business requires a lot of research. You should never take such a big step without first knowing and understanding all there is to know about the business you’re investing in. If your interest is piqued by a franchise resale, you will need to expand your research to include the franchise itself, as well as the business.

Due diligence is an important stage of buying a franchise and a good franchisor should support you as you explore the opportunity. Here’s what you should be looking at:

1. The franchise

If you’re interested in a franchise resale, you’ll not only need to consider how the business is performing but also how established and well known the franchise is.

You can learn about the success of the franchise by looking at how well - or not - the best and worst franchises performed. The reputation of the franchise is important, so look at how it’s perceived by others in the industry, as well as potential customers.

It’s important to consider whether your values and ethos will match with the brand too. The business you want to buy might be fantastic, but if you become a franchisee and then discover you cannot get along with the franchisor, it may not end up being the journey you were expecting, which will have an impact on your business.

2. Why the business is for sale

No matter whether you’re buying a business or a franchise, one thing you must take into account is why it’s up for sale.

Most business owners who are selling will be up front about this. More often than not, the reason for sale is retirement or a change in personal circumstances, such as illness or relocation. If there is no reason given for the sale, do more research and ensure that it is or has the ability to be a viable business opportunity.

3. Initial and ongoing support

One of the benefits of becoming a franchisee is the support you’ll receive from the franchisor. You should take into consideration the level of support you want and compare it to the level of support the franchise offers. If they’re poles apart, you might want to consider a different business within the franchise sector.

4. Size and make-up of the territory

The rules regarding territory vary depending on the type of franchise you’re buying.

You should understand what’s included in the territory and where it ends. Consider the potential customer base, footfall, demographics, visibility, competition and customers’ accessibility to the services you’ll be offering in the area. Having this knowledge will help you understand the potential for business growth.

Ask the franchisor whether the franchise offers exclusive territory rights, in order to prevent other franchisees within the same network from trading within the same area as you. Sometimes the business can actually work better without a defined territory. So don’t just assume no defined territory means you’ll be working against your neighbouring franchisee.

When all your research is complete, I’m sure you’ll find what you’re looking for. The franchise sector in the UK has something for everyone, so happy hunting.

The author

Julie Taylor is CEO of Franchise Resales

Franchise Resales logo

Start your own Franchise Resales franchise

Profit Chart
Funding Support Available ? Help is available. Check out our franchising funds guide.

Yes

Find Out More
Expected Revenue After 2 Years

N/A

Request Free Information
Find Out More
Franchise Resales logo

Request Free Information

Send a free enquiry to Franchise Resales for further information!

By clicking you agree to be contacted by your selected franchise(s). For further details click here

Exciting Franchise Opportunities

Rosemary Bookkeeping logo

Start your own Rosemary Bookkeeping franchise

Profit Chart
Funding Support Available ? Help is available. Check out our franchising funds guide.

Yes

Find Out More
Expected Revenue After 2 Years

N/A

Request Free Information
Find Out More
Rosemary Bookkeeping logo

Request Free Information

Send a free enquiry to Rosemary Bookkeeping for further information!

By clicking you agree to be contacted by your selected franchise(s). For further details click here
SylvianCare logo

Start your own SylvianCare franchise

Profit Chart
Funding Support Available ? Help is available. Check out our franchising funds guide.

Yes

Find Out More
Expected Revenue After 2 Years

Discussed at interview stage

Request Free Information
Find Out More
SylvianCare logo

Request Free Information

Send a free enquiry to SylvianCare for further information!

By clicking you agree to be contacted by your selected franchise(s). For further details click here
easyHub® logo

Start your own easyHub® franchise

Profit Chart
Funding Support Available ? Help is available. Check out our franchising funds guide.

Yes

Find Out More
Expected Revenue After 2 Years

N/A

Request Free Information
Find Out More
easyHub® logo

Request Free Information

Send a free enquiry to easyHub® for further information!

By clicking you agree to be contacted by your selected franchise(s). For further details click here
Kare Plus logo

Start your own Kare Plus franchise

Profit Chart
Funding Support Available ? Help is available. Check out our franchising funds guide.

Yes

Find Out More
Expected Revenue After 2 Years

N/A

Request Free Information
Find Out More
Kare Plus logo

Request Free Information

Send a free enquiry to Kare Plus for further information!

By clicking you agree to be contacted by your selected franchise(s). For further details click here
Recognition Express Ltd logo

Start your own Recognition Express Ltd franchise

Profit Chart
Funding Support Available ? Help is available. Check out our franchising funds guide.

Yes

Find Out More
Expected Revenue After 2 Years

£70,000

Request Free Information
Find Out More
Recognition Express Ltd logo

Request Free Information

Send a free enquiry to Recognition Express Ltd for further information!

By clicking you agree to be contacted by your selected franchise(s). For further details click here
View all opportunities

What Franchise Newsletter

Keep up to date with all the industry news

Thank you, your sign up was successful. Please check your emails for a verification link.