Once again this year Franchise Resales Ltd is pleased to sponsor the Franchise Resales Pavilion at the National Franchise Exhibition at Birmingham’s NEC on October 2nd and 3rd. This is stand F260 on the exhibition plan and is situated next to the VIP Lounge.
Since 2010 The Franchise Resales Pavilion has showcased the wide range of existing franchises which are available to purchase by new franchisees. Once again this year we are illustrating the strength of buying a franchise resale on The Pavilion displays and Julie Taylor, our MD, will be speaking on both days in the seminar theatre about the Pro’s and Con’s of buying a franchise resale.
Franchise Resales started down the route of sponsoring the Franchise Resales Pavilion five years ago after many discussions with the exhibition organisers. We feel it part of our responsibility as Affiliates and active members of the British Franchise Association to provide as many options for prospective franchisees to investigate as possible We believed there was the need to offer prospective purchasers of franchises the ability to explore the full range of options available – not just new start business but also the chance to acquire an existing business, a franchise resale.
The UK franchise community has been established for around forty years and has developed to encompass over 40,000 franchised units operated by approximately 23,000 franchises. So a little like the ‘baby boom’ running through the UK population there are a number of franchisees who are approaching retirement. Typically a mature franchisor would have about 10% of their franchised network considering retiring so they will be actively seeking new franchises to join to replace them either with a new site or by taking over a retiring franchisees business.
These retiring franchises seek to realise a return on the time, money and effort put into developing their business and a franchise resale provides that opportunity for them. It also provides the opportunity for a new owner or owners to take on an already trading business and grow it further and faster than they would be able to do with a new start business.
A franchise resale provides a trading business from day one. This brings immediate cashflow, brand presence and if required staff and premises already in place for the new owner to develop and drive. In addition because there is a trading history to prove the success of the business funding for the purchase is that much easier to secure. We at Franchise Resales Ltd feel these benefits make the investigation of existing business a vital part of the research and due diligence which prospective franchisees should carry out.
The Franchise Resales Pavilion (stand F260) will showcase a range of existing franchises for resale across most business sectors. The team on the Franchise Resales Pavilion will be on hand to discuss how the acquisition process works, and how the unique Franchise Resales support system guides prospective purchasers through the maze and hurdles of business acquisition. They are also able to discuss with prospective sellers of franchises and franchisors how to optimise business value and provide a step by step process for sellers to achieve their goal – a successful franchise resale.
See you on October 2nd and 3rd at the Birmingham NEC.