So, you've decided, for whatever reason, you'd like to sell your business. Prior to sticking up the ‘for sale’ sign, there are lots of things you can put in place to ensure the sale goes through smoothly.
The famous saying ‘if you fail to prepare, prepare to fail’ could not be more relevant here. Proper preparation will affect the achievable sales price and the ease at which a potential buyer will be able to raise the necessary capital.
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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 Read more...
Franchising can be a very complex area and to make sure you find the right franchise for you, or set up your own franchise correctly, is it imperative that you do as much research as possible. This includes seeking professional help and advice. Our Ask the Expert section allows you to post questions regarding funding a franchise, legal issues, accountancy, consultancy and general franchise advice. Post your questions to our panel of experts
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.
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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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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...
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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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