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Business Partnership

The largest independent nationwide business brokerage firm with local representatives located across the UK

£ 44,500 Minimum Investment

Business Partnership In Brief

  • Description

    The largest independent nationwide business brokerage firm with local representatives located across the UK

  • Business Type

    Business & Professional Services, Business

  • Minimum Investment

    £ 44,500

  • BFA Member

    Yes

    What does it mean to be an official BFA Member?

About Business Partnership

Business Partnership is the largest independent nationwide business brokerage with local representatives located across the UK. With 40 years of experience brokering business sales, Business Partnership partners are experts in helping SME owners to maximise business growth and profit, with commercial insights into every area from small shops to large engineering companies.

Established in Leeds in 1978, the Business Partnership franchise option was launched in 1998, and now two brands are operated under the same umbrella – Business Partnership, which is designed to help sell small B2C businesses worth up to £250,000, and BP Corporate, which meets the needs of B2B businesses with a turnover up to £5,000,000.

Combining the benefits of a well-established company’s nationwide reach with intimate local market knowledge, Business Partnership regional partners help hundreds of B2C business owners each year to sell their business, without ever forgetting that it is often their life’s work. Discreet, professional and trustworthy, the brokers utilise their extensive local network and market experience to advise and support business owners, helping to optimise their business for sale.

Working closely with sellers to understand their unique business, Business Partnership partners offer a bespoke service, tailored to their individual needs along with confidential support and a reliable, consistent point of contact for concerns or queries.

Connecting serious buyers with serious sellers, Business Partnership is a long-standing business sales agency with a strong national reputation.

How does a Business Partnership franchise work?

Working with the seller, buyer and other professional representatives involved, Business Partnership franchisees use a proven process to broker the sale of small businesses. The franchisee begins by advising the seller on the value of the business, agreeing terms and launching a marketing campaign. After qualifying the resulting prospects, the franchisee manages negotiations between buyer and seller to establish a win-win scenario if possible, before drafting heads of terms, liaising with legal and financial representatives and completing the deal successfully.

An important part of running a successful Business Partnership franchise is networking within the local community by making valuable connections and staying abreast of local market trends. Franchise owners will often spend much of their time meeting SME owners and attending local business events to maintain an intimate knowledge of the market place.

 

How much does a Business Partnership franchise cost?

Starting a Business Partnership franchise has a typical total cost of £44,500, which is made up of the Business Partnership franchise fee of £29,500, plus £15,000 of working capital. On top of that, franchisees are charged £600 per month as a management fee and £100 national marketing fee.

 

What do you get for your Business Partnership franchise fee?

A Business Partnership franchise gives franchisees the right to operate as a regional partner for five years, with free renewals at the end of that period – a full operations manual is provided. The franchise owner is given access to the company’s online resources including a Customer Relationship Management (CRM) system with over 100K contacts to track deals, prospects and promotions. Also available is an extensive research database which is continually updated by partners, along with marketing, training and mentoring to ensure the success of the new business.

 

What training is provided for Business Partnership franchisees?

Each Business Partnership franchisee is offered a personalised one-to-one training plan, which begins by covering the business essentials and develops into a more bespoke package. The first six training days are run by senior partners, with another four days of training available as needed.

Along with operational training, franchisees receive training in the value builder system, which is a Canadian process designed to help qualify leads and dramatically improve conversion rates. The training helps partners determine the worth of a business while helping owners prepare their businesses for sale, boosting their sale price (and the partners’ income), and leads to valuable certification which can be used to win paid consultancy projects.

 

How does Business Partnership help with new franchise launches?

When a new Business Partnership franchise launches, the franchisee is given marketing assistance to book the first 20 appointments. This includes guidance regarding online marketing, blogging and SEO, as well as templates for area-specific local marketing.

 

How much does a Business Partnership franchisee earn?

Business Partnership franchisees have four main income streams – sales and purchase commissions, formal valuations and Value Builder consultancy. Franchise owners who work full-time can generate an income of over £100,000 per year.

 

Do Business Partnership franchisees need industry experience?

Business Partnership franchise owners come from a wide range of business sectors, but they all have a passion for business and enjoy engaging with people. Self-motivated professionals with senior management level experience looking to start their own business are ideal applicants. Consultancy experience is desirable but not essential.

 

Will I meet other Business Partnership franchisees?

Absolutely, along with attending partner conferences, the Business Partnership franchisee network is a close-knit group, where sharing knowledge and offering specialist support to each other is very much the norm. The collaborative approach to business is reciprocal, so as your business grows and blossoms, other Business Partnership franchisees may contact you for specialist help too.

 

Is running a Business Partnership franchise a full-time job?

Not necessarily, most Business Partnership franchise owners run their business full-time, while others have complementary businesses too. As the Business Partnership model is cloud-based and flexible, it is entirely up to the franchisee how many hours to invest in the running of the business.

 

Does a Business Partnership franchise cover an exclusive territory?

Yes, each Business Partnership franchise has an exclusive, geographically defined territory with a large community of businesses assigned when they launch. New franchise locations are available. Fill out the form on this page to find out more.

 

Why choose a Business Partnership franchise?

A Business Partnership franchise is a low-cost business venture, with potentially high rewards. The home-based network with cloud-based IT systems offers the opportunity to work from anywhere along with complete flexibility of working hours – ideal for investors looking to achieve a better work/life balance.

The network of regional partners offers each other genuine support, advice and shared market knowledge at every step. Twice yearly partner meetings bring everyone together, but every member of the network is highly approachable, freely and generously supplying specialist knowledge as needed. Senior partners act as mentors to new franchisees, offering a valuable contact point and a friendly face while the new business owner finds their feet.

In 2002, Business Partnership was purchased by partners, which means that management decisions affecting franchisees are being made by fellow partners, who have genuine insight into how the franchise business will be affected.

 

How can I apply for a Business Partnership franchise?

If you are interested in starting a Business Partnership franchise, the next step is to complete the form on this page.

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Business Partnership

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Business Partnership

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For further information, enquire today!

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