An exciting opportunity has arisen to be part of a network of over 45 franchises across the UK. The business is well-established with a strong customer base of commercial clients. The owner works full time within the business with nineteen full and part-time staff. Annual turnover £1m.
Location: Bicester, covering Oxfordshire and Buckinghamshire
Investment: £490,000 including £144,000 of equipment and vehicle
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Failure to prepare your franchise business for sale can affect your ability to sell it; it can affect the price you achieve and can also affect the ability of the potential buyer to raise the finance they may need. Franchise Finance can help ensure this does not happen.
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Barbara Frater and Caroline Bradshaw have recently made the change from senior teaching roles to their “dream job” as a Barking Mad franchisee. They bought an established Barking Mad franchise in Alnwick and haven’t looked back.
David Roseweir joined Card Connection in 2007. Due to other family business commitments, David is reluctantly having to sell his Card Connection franchise, covering the areas of Stirling and Perth. In this article, David talks about what his background is, what led him to choose a franchise in the greeting card retail industry, and the key USPs of the business.
When looking to buy an existing franchise, there are two types of businesses for sale - those businesses which are successful and those which are underperforming. However, whilst a performing franchise will bring with it many benefits, and probably a hefty selling price, you shouldn't be quick to rule out a franchise that isn't successful or losing money.
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You don't always have to start a franchise from scratch; many franchisees are looking to sell their existing franchise. As well as the traditional benefits of franchising, a resale will usually have additional ones such as an existing client base, established presence and revenue from day one. There are many reasons why existing franchises are for sale:
Chris Roberts was appointed Chairman of the Chantry Group following the successful sale of Franchise Finance Limited to Hitachi Capital. Chris specialises in valuing franchisee, franchisor and bfa affiliate businesses and helping them to prepare for sale. He has many years’ experience of business planning, raising finance and business training having developed and delivered many business courses and workshops for a variety of organisations. Chris is a regular speaker at conferences and exhibitions etc.
Ask Chris a question
Recognised as one of the leading experts in franchising, and is the Managing Director of whichfranchise, Johnny has been actively involved in franchising for over 20 years. Johnny has a specific interest in franchise resales and helping franchisees in their exit planning. He is also able to assist those looking to buy a resale.
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Rupert Beazley, partner with CMC Partners, is a business advisor and broker, specialising in franchise resales. Following 20 years in corporate life, Rupert bought into the Countrywide Grounds Maintenance franchise, setting up a new business in the Oxfordshire area. He built the business up to £1M turnover employing 24 people in just under 10 years. In 2010, after contracting an illness, he reshaped the business, prepared it for sale and successfully sold it. Rupert now thoroughly enjoys working with franchisees to increase the value of their businesses in readiness for sale, giving them freedom to enjoy the fruits of their labour.
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Richard Holden is Head of Franchising for Lloyds Bank. He has 32 years banking experience and has supported a wide range of businesses in the small business sector for many years. He is responsible for providing support to the Lloyds Bank Business Managers, assisting them in assessing proposals from prospective franchisees. He is also responsible for ensuring that the network of local business managers has up-to-date information on the franchise systems operating within the UK.
Nick Williams - Ashtons Franchise
Nick Williams is an experienced national and international franchise development consultant, having worked in the UK franchise industry for over 15 years. Nick and his team of franchise specialists have over 35 years experience in assisting hundreds of business to expand and grow through franchising, including helping franchisors to develop a strategy for franchise resales, to assist in valuing, listing and selling established locations