At Chantry, we’re enormously proud of the meticulously tailored services we have provided to the franchise sector in marketing and recruitment since our formation in 2007.
In these intervening years we have helped countless clients from every walk of life – and just about every industry – to reach their potential in franchising.
But there is another expert service we offer that you might not be as familiar with: franchise business brokerage.
Naturally, there are two sides to this particular coin. Selling a franchise is one of the biggest decisions an owner will have to make, and they must be absolutely certain they are getting the best possible return on their efforts and investment; meanwhile, buying an established franchise can be an excellent way of getting into business for the first time, or expanding a profitable portfolio.
Franchise Business Brokers – Chantry’s specialist brokerage service – is the highly experienced team in the middle. And our mission is to ensure everyone gets the result they want.
How does franchise business brokerage work?
Every franchisee’s situation is unique. However, the general step-by-step process for those looking to sell their business with Franchise Business Brokers includes common elements:
- Valuation of the franchise: Ideally, this process will begin two years ahead of a goal sale date. This valuation looks at a range of vital information – both financial and non-financial – including in-person visits and in-depth analysis. The aim is to make the valuation process as scientific as possible, eliminating any guesswork.
- Detailed report is prepared: Once this study has been completed, a comprehensive report will be compiled which will validate the value placed on the business. Extracts from this will be used to support negotiations with prospective buyers.
- Proactively market the business for sale: Our enormously experienced franchise marketing team then whirs into action, creating a beautiful bespoke sales prospectus and online adverts to attract buyers. The secret to this is finding a deft balance between highlighting the strengths of the business, whilst clearly defining the opportunity for an incoming franchisee to drive improved performance and a strong ROI.
- We filter through to high-quality leads: With interests piqued and enquiries starting to land, we take on the filtering of all prospective buyer leads. This prevents any unnecessary distractions for the seller, allowing the franchisee to focus on maintaining their business.
- Complete assistance with the sales process: When a high-quality lead ticks all our boxes, we’ll facilitate introductions between the buyer, seller, franchisor, BFA-accredited solicitors, and finance providers. This can be a tricky process to stay on top of – but rest assured the Franchise Business Brokers team will always be on hand to help. We will drive the sales process from initial interest through to Heads of Terms and, ultimately, completion.
Much more information about this operation – and the dedicated team of franchise experts behind it – can be found on the Franchise Business Brokers website.
We hope this has given you some insight into a lesser-known area of our all-encompassing marketing and business solutions for the franchise industry.
As ever, if you have any questions or need assistance with any aspect of your franchise, please do not hesitate to get in touch with us. We’d be delighted to help you however we can!
