Featured resale of the week

Pizza delivery franchise
Location: Sunderland
Investment: £200,000

A rare opportunity has arisen to buy a Papa John's franchise in Sunderland. The current owner is located in London and so unable to manage the store to its full potential. New owners will have the potential to run the store for longer hours and with opportunities for more Papa John's stores in Sunderland, there may also be an opportunity for multi-unit ownership going forward.

Preparing your franchise for sale

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.

Why we bought a franchise resale

Papa John's franchisees on the benefits of buying a resale

Around 90% of new Papa John’s franchisees buy the licence to run a brand-new pizza outlet, opening up in a new area.  However, as Papa John’s continues to expand, there is an increasing opportunity to purchase a re-sale store.  Nazim Vadiwala has recently taken over the Leith Walk Papa John’s store in Edinburgh.  Nazim who worked for a rival pizza firm for 10 years now manages Leith Walk with the help of operations director.  Here why Nazim,and fellow Papa John’s franchisees decided to go down the franchise resale route.

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• More stories from franchisees who have bought a resale

why we are selling our franchise

Buy into a brand that partners with one of the leading confectionery brands in the world

Kevin and Rose Hooper have run their own Snack in the Box franchise in Plymouth & Cornwall for over 11 years.  Unfortunately, due to ill health, their business is now up for sale.  This is an ideal opportunity for a couple or individual to buy into a business that offers instant cash from day one.

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• More interviews with franchisees who are selling their franchise

Why buy a franchise resale?

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:

• The franchisee could be very successful and wants to sell a profitable business - this was their exit strategy from the start
• The franchisee is retiring
• The franchisee has realised that the business is not for them
• The franchisee has other business concerns to concentrate on
• The franchisee may be relocating
• The franchisee may need to sell due to ill health

• View indepth advice on franchise resales