Home Instead: West Midlands Resale
Be your own boss with a Home Instead: West Midlands Resale...
Minimum Investment: £760,000
Filter Results
Be your own boss with a Home Instead: West Midlands Resale...
Minimum Investment: £760,000
Invest in a Signs Express Liverpool and Wirral resale opportunity today to manage a successful existing business.
Minimum Investment: £199,500
Be your own boss with a Home Instead: South East Resale...
Minimum Investment: £340,000
Be your own boss with a Home Instead: East Midlands Resale opportunity today.
Minimum Investment: £380,000
A fantastic chance to own a Metro Rod business in the South Yorkshire area.
Minimum Investment: £350,000
Metro Rod Cambridge is a unique resale opportunity for potential franchisees.
Minimum Investment: £350,000
A SIGNS EXPRESS resale opportunity has arisen in Essex. This is an exciting opportunity to run a very successful bu...
Minimum Investment: £50,000
Be your own boss with a Subway Kent resale opportunity today. A Subway resale opportunity has arisen in Kent. This...
Minimum Investment: £650,000
Be your own boss with a Signs Express Buckinghamshire resale today!...
Minimum Investment: £150,000
Be your own boss with a ServiceMaster Clean Bournemouth and Poole resale opportunity today. A ServiceMaster Clean r...
Minimum Investment: £80,000
Be your own boss with a ServiceMaster Clean Glasgow resale opportunity today. A ServiceMaster Clean resale opportun...
Minimum Investment: £250,000
A Driving Miss Daisy resale opportunity has arisen in New Forest. This is an exciting opportunity to run a very suc...
Minimum Investment: £0
A Card Connection resale opportunity has arisen in Gloucester. This is an exciting opportunity to run a very succes...
Minimum Investment: £66,449
Starting your own business can be an exciting and rewarding experience, but it can also be a daunting task. One of the biggest decisions you’ll face is whether to start a franchise business from scratch or buy a franchise resale. In this post, we’ll explore the world of franchise resales, explain what they are, how to find them, and why you might consider buying one instead of starting a franchise from scratch in a territory.
A franchise resale is when the current owner, also referred to as the franchisee, sells it to a different buyer. This can happen for a variety of reasons, such as retirement, financial difficulties, or a desire to move on to another opportunity.
Franchise resales give buyers a unique chance to take over a business that has already built up a customer base and a source of income.
Finding franchise resale businesses for sale can be a bit more challenging than finding new franchise opportunities. However, there are a few ways to find them:
Buying a franchise resale can be a great opportunity for those who want to start their own business but don’t want to go through the process of starting from scratch with an existing franchise. Here are a few reasons why buying a franchise resale might be a good idea:
When you buy a franchise resale, you will inherit a, hopefully loyal, existing customer base that has already been established by the previous owner. This can save you a lot of time and effort that would have been spent on marketing and building brand awareness.
The previous owner of the franchise resale will already have well-established the systems and procedures that work well for the business. You can benefit from this by taking over these processes and avoiding the set-up phase that a new franchise owner would have to go through.
Since the franchise resale is already up and running, you can start generating revenue from day one. This can be especially beneficial if you need to start generating cash flow quickly.
When you buy a franchise resale, it may be easier to secure financing from lenders because the business has an established track record of turnover and profitability.
Buying a franchise resale can be less risky overall than starting a franchise from scratch in a territory, as you can see the track record of the business and how it has performed in the past.
When you invest in a franchise resale, you will have to operate within the systems and procedures that have already been established by the previous owner. This can limit your ability to make changes to the business to suit your own preferences.
Buying a franchise resale can be more expensive than starting a new franchise from scratch. This is because you will be paying for an existing business that has already been established and has an existing customer base.
It is important to conduct a thorough due diligence process before buying a franchise resale. There may be hidden issues with the business that the previous owner has not disclosed, which can lead to unexpected expenses and challenges down the line.
Examples of these could be that the previous franchisee hadn’t run their business as they should or organised it properly so you could be having to undo bad practices or reputation.
Since the franchise resale has already been established, there may be limited opportunities for growth and expansion. This can be frustrating if you have ambitious goals for the business.
Buying a franchise resale is different from buying an existing non-franchised business in a few ways:
Buying a franchise resale can be a great alternative to starting a franchise from scratch. As an investment, it offers reduced risk and an established customer base.
It’s important to research and conduct due diligence before making a decision. It’s always best to consult with a franchise solicitor and accountant to help you navigate the process.
It’s also worth noting that buying a franchise resale is different from buying an existing non-franchised business, but both have their pros and cons.
Understanding the differences between the two can help you make a more informed decision.
If you are not sure where to begin on your search for the ideal franchise opportunity, try one of these popular searches.
In order for the franchisor to get in touch with you after you have found a franchise for sale that interests you, simply click on the "Add to Request List" button, click "Complete Request" and let us do the rest!
You have 0 pending Request
Complete Your Request