Featured resale of the week

Recruitment franchise supplying drivers and logistics staff to both private and public sectors
Location: Dundee and Perth
Investment: £100,000 (no VAT to pay)

Currently owned and operated by the Franchisor since 1999, Driver Hire is now looking for the right franchisee to take this established business to the next level. Over the last 6 years turnover has been between £650k and £950k.

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.

• Read more
• More stories from franchisees who have bought a resale

why we are selling our franchise

Buying a resale means there is already an established customer database, the team know the customers and know their business.

Matt Smith has been operating the Signs Express franchise in Dartford for over 14 years. He covers clients from NW Kent across SE London with an established customer base. Having built up the business Matt is now looking to retire and is ready to pass on the franchise to someone who continue its steady growth. Learn more about this franchise resale opportunity...

• Read more
• 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

Why an under-performing franchise resale shouldn't be written off?