We’ve had our first franchise resale last month! The resale of Swindon and Cirencester completed after Danny Williams had finished his training at the Zerodrytime Headquarters.
Anyone purchasing a Franchise Resale will not have to develop the brand from the outset in the local territory. The previous franchise owner will have done the difficult work in establishing the brand locally.
The business will usually have been trading for a while and will have a documented track record of sales, customer lists and, potentially, existing contracts in place with customers. This track record allows a purchaser to make informed business decisions based on actual historic figures rather than anticipated projections.
A purchaser of a Franchise Resale should have much greater visibility of the history of the business and its chances of success in the future. This situation is, generally speaking, more attractive to banks as they can make their credit assessment on the basis of actual trading data.
Rather than starting from scratch, winning customers and only then being able to generate any turnover, buying a Franchise Resale often means that there will be established income from the first day of trading from existing customers of the franchise business. The purchaser’s main task is then to ensure that he or she builds on this to grow the business.
We have Franchise Resale opportunities around the UK. If you would like to find out more, please get in touch.