Buying a Resale Franchise
The UK Franchise industry continues to grow at a rapid pace, in fact, the Franchise industry contributed over *£15 billion to the UK economy in 2018 which is an increase of *46% over the last 10 years. This growth indicates more and more entrepreneurs are choosing to start a business by using an already existing brand with a successful and proven business model rather than going it alone; a wise decision some might say given that *93% of franchisees are currently running in profitability.
Why Buy a Resale Franchise?
There are several reasons why there are franchises for resale in the UK, this could be a franchisee is retiring or their exit strategy was always to sell after a certain number of years, the franchisee is experiencing health concerns and is unable to commit 100% to the business and so on.
So why is buying a resale business a good option? As the UK franchise market continues to grow, we’ve seen an increase in those choosing to buy an already existing franchised business. Building a brand-new greenfield centre from scratch may be a daunting thought so an already established business with a proven track record may be more appealing to you.
What Are The Advantages?
The advantages of buying a resale are numerous, one of the key elements being a proven track record with evidence of steady growth and profitability. You’ll have an established team already in place who will be trained in the day to day running of the business and will have experience within the industry they’re working. You’ll also be able to draw on existing financial and sales performance figures generated by the business, allowing you (with the help of your accountant) to ascertain whether the valuation of the business is realistic based on actual figures, also allowing you to understand the growth potential for the business.
A stable, well-established business that has all the infrastructure already in place will allow any new owner to hit the ground running and concentrate on delivering further growth to the business they are investing in.
Ongoing Support and Training
You’ll receive ongoing support and training from your franchisor and Signs Express is no different. We offer the perfect opportunity to purchase your own resale, a ready-made business that will enable you to walk in from day one with a full set-up, staff, customer base and sales as well as ongoing training-and-support
Signs Express currently have resale opportunities available across our network, for more information please visit our resale web page here
*Source: Natwest/BFA survey 2018