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What are the benefits of buying a franchise resale?
The answer to this depends on the attitude of the potential franchisee. If you like the idea of starting something from scratch and being able to say that its success is all down to your own efforts, you will prefer to open a new outlet. However, there may be a lot more potential for early success if you take on a resale.A resale is an existing business with an existing customer base, therefore you are likely to have some customers, maybe even an existing order book and staff, from day one. Resales come with existing premises and equipment, so there’s less to do in the way of initial set-up and it’s very often possible to acquire all these things at much lower cost than would be the case if it all had to be purchased from new.Probably the biggest advantage is that there will be history on the financial performance of the outlet. You will know what has happened in the past, which could be good or bad, but at least you will know the facts. One word of caution: acquiring a resale is a very different process to acquiring a new outlet and more professional advice will be required.
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Exciting Franchise Opportunities
Companies to Consider
Bark Busters Dog Training
£70,000-plus per annum
Part funding available
35% to 40% profit, depending on the business model
Fixed sites can earn up to £16,000 per month with profit margins of 65%
Broadway Wine Company
£648,000 per annum with a gross profit of £108,216 and EBITDA of £82,956 by Year Three
PACK & SEND
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