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’s a franchise resale?
A franchise resaleis when you buy an existing franchise business as a going concern from a franchisee with the rights to operate the franchise. The sale could be of a company or of the assets of the franchisee’s business. It is usual for a franchisee to be given the right to sell its franchise business, and this right should be set out in the franchise agreement.When you buy an existing franchise, you will be dealing with two parties - the franchisee from whom you are buying the business and the franchisor of that franchisee. You will negotiate the purchase price and terms of the sale with the franchisee, but you will still need to be approved by the franchisor.Most franchises require the franchisee to be trained and some require a specialist area of knowledge. The new franchisee will be required to undergo any necessary training, and provide the same standards of service as if there had been no change of franchisee. The new franchisee will also have to be acceptable to the franchisor as if he had applied directly to the franchisor.You should make the same checks on an existing franchise as you would do with the purchase of a new franchise. In particular, you will want to evaluate the seller’s trading history and its reasons for selling the business. If premises are necessary for the franchise, you may be required to take over the existing franchisee’s lease. You will also need to check if you will have to pay any fees to the franchisor on joining the franchise; for training, for example.
You might also be interested in
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
Answered by John Pratt
John Pratt writes: It is simply not possible to refer to taking a franchise as an “investment”,... read more
Answered by Louise Harris
Louise Harris writes: It’s quite a lot like choosing a life partner. You need to be interested... read more
Exciting Franchise Opportunities
Companies to Consider
From £18-20,000 per week. First year R.O.I 40%
Third party through banks
Yes, with Natwest and HSBC
Stagecoach Performing Arts
Laser Clinics United Kingdom
Burger & Sauce
Cash flow positive from month 4
£15,000 weekly revenue
Get expert franchising news delivered straight to your inbox
Franchise news, advice and new opportunities delivered weekly.
Must Read Articles
Added 3 years ago | 2 min read
Added 2 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