Business Partnership Chairman provides expert advice on planning your franchise exit

Business Partnership franchise
Business Partnership We Value Your Business

Build a business brokerage that plays to your strengths. Be the local expert for fellow business owners in your dedicated territory. Support and help them through the sale of their businesses across all sectors and from values ranging from a few thousand to many millions.

Request information
Read more
Published on

Deciding whether or not it’s time to sell your franchise business isn’t easy, but Chairman Alistair Glaze has helpfully broken down his dos and don’ts.

There’s a million reasons that you might be looking to exit a franchise agreement. You might have re-evaluated your life goals. You might be looking for a new adventure. You might be looking to retire. You might be in financial trouble. Whatever your reasons, Alistair explained that, “[Recently] there’s been a marked increase in franchisees needing advice on how to sell their business as the pandemic has pushed them to think more [proactively], as well as to consider de-risking.”

In his work with the business and B2B services franchise, Alistair has gained a huge amount of expertise, and he recently broke these insights down for franchisees, sharing a few simple dos and don’ts on deciding if it’s time to sell up. According to Alistair, you should: Plan ahead, make your business look good and utilise the services of a professional business valuer. You shouldn’t: Take your foot off the gas once the business is on the market, cut staff numbers or take comments from potential buyers personally.

He went on to say, “The time that you choose to sell your franchise is vital. On one hand, you need to be aware of how your business has grown and what its current vulnerabilities are resulting from this. On the other, you want to ensure that you have built sufficient value in your business to sell it at the best possible price.” Selling during the pandemic hasn’t been without challenge, but with the market finally bouncing back, Business Partnership is confident that successful franchise sales are possible. 

Business Partnership Bromley, Croydon and South East London franchisee Douglas Craig said, “We’re predicting the market will return to pre-COVID levels in terms of business sales confidence by Autumn, so I’m expecting to support a number of successful franchise sales before the end of year.” If working with Business Partnership appeals, you could be one of those Autumn sales. Find out more about the franchise via its profile page, which is linked above.

Other recent news
Did you enjoy this article? Please rate this article
Be the first to rate this article
These articles may interest you

What awaits you at Franchise Expo Paris 2024

Decades of Evolution: Franchise Expo Paris Reflecting Market [...]


FRANCHISING EVENTS

Celebrating the best of the best in British franchising

The Elite Franchise Top 100 (EF100) is thrilled to announce the latest [...]


FRANCHISING EVENTS

The Future is Halal: Emerging Franchise Opportunities in the UK Halal Market

Embracing a Growing Market  In a world that’s becoming [...]


TOP FRANCHISES

8 Steps for Opening a Car Repair Garage

Transport is part of our daily lives. We drive to work, take the [...]


STARTING A FRANCHISE

Mastering How to Finance a Franchise with No Money

Franchising is often a more affordable way of becoming an [...]


FINANCING A FRANCHISE

0 Comments

Post a comment

The comment will be public. If your are interested by this Franchise, please fill out your personnal details on the request information form.

Characters remaining: 250