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.
Is there any legal difference between a franchise resale and a new franchise?
If you take on a new franchise you will have to pay the franchisor’s initial fee for the provision of the initial training, initial stock, equipment, a launch and promotion package, advice on premises and/or the provision of a vehicle. You will then have to build up the franchise business from scratch. The second alternative is to buy an existing franchise business. As with taking a franchise directly from the franchisor, you will still have to be approved by the franchisor and the franchisor will have to provide you with initial training, but the big difference is that you will obtain an existing business with existing customers, contacts and cash flow. You will have to pay more for this than if you were to take the franchise directly from the franchisor because you are acquiring an existing business, which provided it has traded profitably, has value. From a legal perspective, not only do you have to enter into the franchise agreement, but you also have to enter into a business purchase agreement, which can be quite complicated.
You might also be interested in
Will a franchisor tailor its initial training to me or will it only provide set instruction that covers all aspects of the business?
Answered by Alan Wilkinson
Alan Wilkinson writes: When a franchisor recruits franchisees, it will have a set profile of the type... read more
Answered by John Pratt
John Pratt writes: There may be none if you’re not suited to dealing with businesses. Many people like... read more
Answered by Louise Harris
Louise Harris writes: Not all franchises are based on territories. Some may be split into business sectors,... read more
Answered by Renata Selley
Renata Selley writes: Your ‘year-end’ is the date when your franchise accounting period ends. Communication is king... read more
Exciting Franchise Opportunities
Companies to Consider
Sourced HMO Partner
Laser Clinics United Kingdom
Not Just Travel
Expense Reduction Analysts...
Through major banks
£120,000 net profit
£14,000 per week
Multi-unit opportunities available
Ask for more information
Get expert franchising news delivered straight to your inbox
Franchise news, advice and new opportunities delivered weekly.
Must Read Articles
Added one year ago | 2 min read
Added 15 hours ago | 2 min read
Added 3 days 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