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.
Close
What due diligence do I need to undertake when purchasing a franchise resale?
You need to research two specific areas of your prospective investment - past performance and previous accounts. Why is the franchised business being offered for sale? The reasons given cannot be taken at face value and must be verified through the previous trading history of the business. A prospective purchaser should review at least the previous three years of accounts. Previous performance statistics can help create a picture of the health of the business and also can be used to forecast future performance. Other questions to ask include whether you would be assigned the existing franchise agreement or signing a new one directly with the franchisor. If you will be assigned the existing franchise agreement, how much time is left on it? Are the terms of the existing agreement acceptable to you? If you will be signing a new franchise agreement, how will it have changed from the agreement that the current owner signed? Also, speak with as many current and previous franchisees of the system as possible. Why did the previous franchisees leave? Have any of the franchisees had difficulties with the franchisor? How have those issues been resolved?
You might also be interested in

Answered by Vincent Anthony
Vincent Anthony writes: The property market has wide appeal because it is relevant to everyone: we all... read more

Answered by Louise Harris
Louise Harris writes: Richness or wealth is relative. We always want more, I guess. So, what is... read more

Answered by Shelley Nadler
Shelley Nadler writes: A concern that businesses may have when deciding to franchise their business, is the... read more

Answered by Alan Wilkinson
Alan Wilkinson writes: There are two elements to consider here. First is the franchise fee itself, and... read more
Exciting Franchise Opportunities

Start your own Betterclean Services Franchising franchise
Yes
Find Out MoreAverage net profit margin 20%

Request Free Information
Send a free enquiry to Betterclean Services Franchising for further information!

Start your own YouMeSushi franchise
Yes
Find Out MoreDiscussed at interview

Request Free Information
Send a free enquiry to YouMeSushi for further information!

Start your own Burger Drop franchise
Yes
Find Out MoreN/A
We're sorry, this franchise is no longer seeking applicants.
Click here to find other Food franchises_(1)_75_53_s.png)
Start your own Walfinch franchise
Yes
Find Out More£585,077
_(1)_75_53.png)
Request Free Information
Send a free enquiry to Walfinch for further information!

Start your own Yolé franchise
Yes
Find Out MoreN/A

Request Free Information
Send a free enquiry to Yolé for further information!
Companies to Consider

Get expert franchising news delivered straight to your inbox
Franchise news, advice and new opportunities delivered weekly.
Must Read Articles
-
50 franchise brands with training programmes in 2025
Added 3 months ago | 2 min read
-
Why choosing the right shipping partner matters
Added about 2 months ago | 2 min read
-
How the Renters’ Reform Bill is creating opportunities for property professionals
Added 2 months ago | 2 min read
Franchises by Minimum Investment
Find your next business opportunity
Search 100s of UK franchises and become your own boss today.
-
Under 10k
Starting a franchise doesn't have to be costly
Click here -
Under 20k
A mid-range investment for the more experienced
Click here -
Under 50k
If you have experience and more to invest
Click here -
Over 50k
If budget is not an issue, then don't miss these
Click here -
Local Franchises
Find the perfect franchise in a location to suit you
Click here
What Franchise Newsletter
Keep up to date with all the industry news