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.
What are the benefits of buying a franchise resale?
The greatest advantage will be that you have actual proof of performance of the location or territory involved, be that good or bad. You will be picking up at least some sort of existing customer base with whom you can continue to do business and should ensure you have some income from day one of your operation, which should make the cash flow better than a greenfield start-up.Lessons from the incumbent franchisee will mean you can continue to do more of what works and less of what doesn’t in the marketing and operation of the franchise, plus you will get at least their view of the effectiveness of the franchisor’s support services. Depending on the size of the business, you may also have the opportunity to take on existing, experienced, well trained staff who know the ropes and can help you get going quicker.Given all those potential advantages, you may be surprised to learn it is not uncommon for a resale to cost far less than a brand new site. Given that all the necessary conversion works and equipment purchases will have been done and significantly depreciated, while there may be many more years of useful service left in them, there are many bargains to be had. Having said that, always make sure you know the true reason for the resale, so you can calculate whether you are likely to overcome or eliminate whatever the previous franchisee’s difficulties may have been.
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
Potential ROI within 18 months with an average net profit of 21%
Jackson Fire & Security
School is Easy
The Spitting Pig Co
40% net profit on a turnover of £110,000
Right at Home UK
£400,000 - £500,000 revenue with £40,000 - £65,000 profit
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 one hour ago | 2 min read
Added 22 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