Record Revive! Territory Resale
Leading SMART repair franchise Revive! has completed its largest resale to date.
Underlining the desirability of this automotive sector management franchise, the deal has been five months in the making and sees Revive! Luton changing hands for a record sum, following the decision of the owner to achieve his long-standing ambition to go travelling with his family.
Adam Smith purchased the franchise in 2009 growing it from just one man and a van to a business running a fleet of 11 vans, employing 13 people who will transfer to the new company.
The new owner is quantity surveyor Viresh Dattani who was introduced to the seller by Franchise Resales. Following Revive!’s rigorous vetting process, Viresh has completed his training at the Revive! Academy in Rugby and will take over the helm at Revive! Luton immediately, working alongside Adam during the handover period.
Revive! managing director Mark Llewellyn went to Luton to congratulate Adam and Viresh after the sale had been completed.
Commenting on the sale, Revive! franchise director Cathryn Hayes said: “We are delighted to welcome Viresh to the Revive! family following our biggest re-sale to date. He has bought a thriving territory which has already delivered a profitable exit strategy for Adam and we look forward to helping Viresh take this exciting business to the next level.”
Mr Dattani added: “I am delighted to join the Revive! team and excited about the opportunity to build the business further. I’ve got to know Adam well during the negotiations, he’s built a great team at Revive! Luton and I’m looking forward to getting to know the staff and customers over the coming months”.
Adam commented: “I’m very proud of what we’ve achieved at Revive! Luton, after I started the franchise working from a single van. After ten years of hard work building it up, I’m looking forward to spending time travelling with my partner and our young daughter and the sale of the business has given us the freedom to take this step.”
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