UK Franchises and Business Opportunities For Women
UK Franchises and Business Opportunities For Women
ColourWheel Art Franchise
ColourWheel are now offering the right people the opportunity to run their own Adult Art Class Franchise Business.
So you’ve done your research and decided that a franchise business with all the support that comes with it, is the best option for you. But have you considered franchise re-sales in your plans?
Denise Hutton-Gosney, MD and Founder of franchise business Razzamataz Theatre Schools explains why buying an existing franchise can offer you some wonderful advantages.
When discussing franchises, a re-sale refers to the purchase of an existing unit. There tends to be two types of re-sales available; those that are successful and profitable and therefore will command a higher sale price, and those that have not reached full potential, which could, in the right hands, turn out to be a fantastic investment.
We have had re-sales gone through and in just a short while, the new owner has completely transformed the school. Sometimes people take on a business without giving enough thought to it and that is why the franchise does not do as well as it could. With a change of owner who is committed and prepared to put in the hard work and follow the franchisor’s advice, the same business that was making just a small profit will quickly flourish.”
When researching re-sale franchises, the first thing to discover is why the franchise is up for sale. In many cases, it is simply due to a change in circumstance of the franchisee. Many of our re-sales have stemmed from the owners need to relocate and unfortunately a few have been due to ill health. We have such a wide range of franchisees from different backgrounds that it would be impossible to pinpoint any trends so the best advice is to find out from the individual.
As well as talking to the seller, you need to talk and research the franchisor as well as competing businesses within the same industry.
From the seller you need to understand the financial performance of the franchise over the last year or two. Don’t just focus on where the franchise is at this moment, are there any financial trends that you can pinpoint?
Many franchises will have employees so as a potential new owner, you will need to find out if you can retain these employees and assess their value to the business.
The venue of the business should be discussed so you understand the status of the premises. You don’t want to find that after taking over, the lease has expired and you need to find new premises without any warning.
For your own protection, ask if the current owner knows of anything that has not been disclosed to you that might hinder the business in the future. Your legal representative can then include their answer in the purchase contract.
Speak to the franchisor to confirm any questions you had with the seller. We invite all people who are considering re-sales to come to Discovery Dens.
We are rigorous in this process because we only want the right people to be in our network. We won’t allow the existing franchisee to sell to anyone until we’ve had the chance to meet them and assess their suitability.
It’s not always easy to evaluate the price of a business. To judge if the re-sale franchise price is fair, start by understanding what the cost of a new unit in the network costs including all the marketing costs associated with its opening. Some re-sale franchise businesses can be much higher than the price of a new franchise but if there is a good track record with an existing customer base, this may make future trading easier to predict giving you more peace of mind.
People can be resistant to change so if the business has employees you may have to overcome some concerns with them. You may also have a different way of working than the previous owner so you will need staff that are adaptable.
If you are buying a re-sale, it’s really important to put your own stamp on it from day one. Customer care is always key and the first thing a new franchisee should do is make sure their customers have the best experience possible.
If the re-sale is established, you will avoid much of the difficulty associated with starting a new business so you can hit the ground running.
With an existing customer base, you can focus on growing the business and taking it to the next level. With staff already in place and a strong sense of recognition in the local area, you will be in a better position to project revenue as long as you stick to the franchisor’s proven marketing systems.
Starting any business, including a franchise, will take a while to generate income. With a successful re-sale, this process is usually shorter.
Right across the franchise sector there are bargains to be had in the re-sale market. Some franchisees need a quick sale due to a dramatic change of circumstance. Even if a particular franchise is not doing well, take a look at others in the network and consider if it is down to poor management rather than the business model. If you do your research, then taking over a franchise that is not performing well can prove to be profitable for the right person.
 |
Razzamataz are a forward thinking, innovative theatre school business that offers students the opportunity to learn a range of styles and disciplines. Razzamataz has an association with their partner Duncan Bannatyne and working in partnership with TUI in 17 resorts overseas. Your business will be promoted to thousands of potential Razzamataz customers all summer worldwide! Children take part in lessons all summer and parents receive promotional materials for their return to the UK! There's never been a better time to join! Why note take a look at the current Razzamataz Re-Sales! |
Find out more about the Franchise Re-Sales or use our
Search Tool to find the right franchise for you.
The Refresh Renovations Franchise provides a unique opportunity to join the global market leader in the residential renovations sector.
activ digital marketing franchise is not just any franchise; it's one of the most attractive marketing ventures in the UK.
With the Host & Stay Franchise you can work from home, working flexible hours and running your own lucrative Property-let Management Business.
Baby Sensory franchise provide 40 themed baby development session plans plus all the equipment and training required to run the most exciting parent and baby classes in your area.
Run Scamps and Champs as a management franchise, recruiting teams of boarders and dog walkers, or handle the boarding and dog walking yourself.
Diamond Home Support provides you with a management-based Home Support Franchise.
Top Children's FranchisesThere are a growing number of children’s franchises available in the UK as this has become one of the most popular and fastest developing areas of franchising.
Thinking of setting a Toddler Group?Setting up a Toddler Group couldn't be easier by investing in a franchise and benefiting from ongoing support from an established brand.
Looking for an opportunity to earn a full time income working part time hours?By taking the leap into the world of franchising you can not only run your own business but choose the hours that suit you, as well as earn a great income.
Thinking of investing in a Children's Education Franchise?Children's Education Franchises are growing rapidly for many reasons. Take a look at the Top 5 Children's Education Franchises.
Top Baby Massage FranchisesExplore our wide range of Baby Massage, Baby Yoga, Baby Reflexology and Baby Sensory Franchises all of which provide much needed support to new mums!
Children’s Franchises UK. Find out about running a successful UK Children’s Franchise.Not only can a children's franchise be emotionally rewarding, but it can also be financially rewarding. Explore our wide range of UK Children's Franchises
Top Education Franchises in the UKHere we showcase some of the Top Education Franchises in the UK, explore our wide range of children's education franchises and request FREE Information on the children's education franchises that interest you!
Returning to work after maternity leaveMore and more mums are turning to franchising as a way to incorporate earning a living with caring for a family.
Baby Massage Training is included in a number of Postnatal Support FranchisesBy investing in a Postnatal Support Franchise you will not only receive Baby Massage Training but also an established business model allowing you to run a successful business.
The Children's Activity Industry is BoomingThe demand for children’s activities has rocketed making the children’s activity industry one of the fastest growing sectors of the economy.
The World Of Domestic FranchisesIt is then pretty safe to say that as far as franchises go, choosing a Domestic Services Franchise provides a pretty great outlook for you and your family’s future.
3 Ways to change your career around your familyChanging careers is never an easy step, particularly if you have been employed with the same employer and in the same industry for a number of years.
Have it all with franchisingMany women struggle with a healthy work life balance, with many reporting guilt at having to go back to work following giving birth. So what’s the answer?
What questions should you ask a franchisor?Simon Bartholomew is the Franchise Director of Oscar Pet Foods, here he talks about what questions you should ask a franchisor.
Do you have what is takes to become a Franchisee?Hear from Gail Jordain, Franchise Executive at Riverford Organic Farmers Franchise, the UK's leading Organic Food Business.
Become the photographer in your own businessThe photography industry offers many opportunities for keen amateurs who want to make a living from it.
Are you thinking about buying a cleaning franchise?Hear from Yvona a sucessful franchisee as she talks about why she decided to start up her own cleaning business and how her business has become a success.
So, you are looking to become a tutor - but why buy a franchise to do it?Hear from Sarah Marsh, Director of the MagiKats Franchise, Sarah talks about why you should consider joinig a Tutor Franchise.
What is a franchise?Here is our guide upon what, exactly, a franchise is and what it offers the business owner.
Can I start a franchise and balance my life around familyWith the right franchise business and approach you really can achieve the perfect balance between making money, building a business and indulging within family life.
Women Mean Business Too!We take a look at a few of the shining stars upon Female Franchise, as well as a select few leading opportunities for the female that is seeking the next big business opportunity.
Schools out! - How franchises can fit around school holidaysWe wanted to expand upon the many benefits that being a franchise owner has both over the school holidays and beyond.
UK Franchises for Women and Flexible Business Opportunities. Explore new career opportunities and alternatives to jobs for women, careers for women, work from home franchises and business opportunities.
Newsletter Subscribe
