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.
As a fledgling franchisee, is it important I have an exit strategy in place?
It’s good practice from the start to be thinking about how long you intend to stay in the system, and how you will know when you have achieved the objectives that will enable you to leave as planned. The answer will be different for everybody. Some will be looking to earn enough to give them the lifestyle they want for the last few years of their working life; some will be looking to build a business quickly so that they can make a good capital gain on sale and roll that profit into another business; some will be intending to pass the business on within their family; and others will be looking to earn as much income as possible during the life of their franchise, looking upon any income from eventual resale as a bonus. Many of our franchisor clients now ask candidates what their ambitions and exit plans are, and most of them have a section covering the resale process in their manuals. If the franchisee wants a long and happy semi-retirement, but the franchisor needs the area to be worked to its maximum, or the franchisee expects to sell for £300,000 in three year’s time, but the franchisor knows this is not possible, then they both ought to realise that they need different partners.
You might also be interested in
I’ve received the franchise disclosure document. What are the questions I should ask the franchisor?
Answered by John Pratt
John Pratt writes: In the UK, there is no legal requirement for a franchisor to provide any... read more
I’m a franchisee with one brand, but I’m looking to invest in another. What should I tell my current franchisor – Am I duty-bound to inform them at all?
Answered by Louise Harris
Louise harris writes: It’s good to see a franchisee looking to expand – especially when they see... read more
I’m quite close to investing in a brand. How can I be certain that the expected revenue projections they’ve supplied me with are genuine?
Answered by Shelley Nadler
Shelley Nadler writes: There are many different ways in which franchisors present revenue projections. Franchisors may illustrate... read more
Answered by Alan Wilkinson
Alan Wilkinson writes: Franchise resales may come about for a number of reasons. Often a franchisee will... read more
Exciting Franchise Opportunities
Companies to Consider
Right at Home UK
£75,000 to £100,000
Third party with up to 70% of set up costs
£600,000 to £800,000
£22,000 - £25,000 per week
High street banks
£150,000 per year
60% bank funding, subject to status
Y2 turnover: £320K, Y3 turnover: £450K, Y2 EBITDA: £24.9K Y3 EBITDA: £85.5K
Get expert franchising news delivered straight to your inbox
Franchise news, advice and new opportunities delivered weekly.
Must Read Articles
Added 2 years ago | 2 min read
Added 2 hours ago | 2 min read
Added 23 hours ago | 2 min read
Find your next business opportunity
Search 100s of UK franchises and become your own boss today.
What Franchise Newsletter
Keep up to date with all the industry news