H.I. Resales is a well-established and trusted name in franchising resales. We’re responsible for the valuation, marketing and resale of Home Instead Franchises – the UK’s leading home care provider. We understand all about franchising, our experience and knowledge has helped many entrepreneurs enter this hugely successful way of owning your own business.
We are looking for investment-aware people to acquire these businesses, with H.I. Resales there to support you throughout the whole purchase of the resale. Once you’re a franchise owner, we’ll also make sure you continue to get the right guidance and resources to help you succeed.
A resale is a franchise territory – an established, successful business that may have been built up over many years, and which is now being sold on. A franchise resale has an established reputation, customer base, team of employees and a guaranteed revenue.
Resales are part of the business cycle of any mature franchise network. Franchisees come to a point in their journey where they may wish to retire, move on to something different or realise their investment. Most franchise networks in the UK will have several resale territories available at any one time.
Resales bring enthusiastic new faces into a franchise network, who are invested in the brand and will help achieve further growth for the franchisor and the franchisee.
A franchise resale is valued on a multiple of the operating profit of the company, representative of the success and turnover of the business.
You’re investing in the business which the previous owners have dedicated years of their life to establishing and building, helping it to become profitable and successful. Franchise resales require a larger initial investment than start-up franchises, but financial help is available.
Many banks look favourably on the franchise sector, due to the very high percentage of successful businesses. Resales also have a track record in the form of a proven profitable turnover, an existing team and an established client base, meaning banks will look favourably on any lending, even at a higher level and sometimes over a longer franchise term.
Resales also come with a franchise fee and ongoing royalty fees as they access the same level of franchise support as start-up franchisees.
As a franchise, the business isn’t a standalone company – it is part of a franchise network. The franchisor wants someone to invest in the resale office who will continue to grow the brand and the business, mutually benefitting their franchise network as a whole and the individual.
When owners decide they want to sell their business, the franchisors may become involved to ensure the franchise is sold to someone who aligns with the franchise’s mission and ethos – a good fit for both parties will make for an equitable partnership and continued success. Many franchisors help to advertise and market resales, as well as recruit new owners.
Resales are perfect for someone who has run a business before, or may have held senior roles in large corporates, and is looking for an investment they can develop further. You may want to buy a resale in a growing market or sector, and manage a steady, profitable business.
However, if you want to experience the highs and lows of starting your own business, you may be more suited to a start-up franchise where you can be more hands-on with the initial development of the business.
A resale franchisee ideally needs to be able to engage with and manage people straight away, as the existing team will already be established and have their way of working. They must have a very clear vision, ethos and culture that aligns with the franchise network.
With a franchise resale, you get all the positives of buying an established business, with all the added benefits of a full franchise support package and a well-known name.
If you're interested in franchise resale opportunities, or would like to know more about the process, please get in touch.