"Resales are a fact of life in any franchise organisation," says Minster Cleaning Services Managing Director, Mike Parker: "It is only natural that franchisees will want to move on or retire at some stage and when they do, we want to help them to capitalise on their hard work by getting the very best possible return on their investment. From a prospective franchisee's point of view, a resale has the advantage of cashflow, customers and staff and can provide evidence of what can and has been achieved and how the business is likely to perform in varying market conditions."
Jonathan Wright is hoping to move back to the midlands when he sells his South Wales franchise which is currently on the market at £134,995 through Franchise Resales Limited. He joined Minster Cleaning Services in 2003 and the branch currently has an annual turnover of around £440,000; both turnover and net profits grew in 2011 despite the UK still being in the grip of one of the worst ever economic downturns.
Jonathan learned about Minster from an article in Business Franchise magazine when he returned to the UK after working in the Japanese industrial cleaning market for eight years. He chose Minster because he knew that his management experience would prove to be invaluable and that, as an essential commercial service which attracts clients from a broad range of sectors, office cleaning is relatively recession-proof: "Minster gives franchisees a realistic and steady plan; advice and guidance is there when you need it and, if you are prepared to work hard and be totally committed, you can build a successful and lasting business.
"The South Wales branch has benefited from long-term stability in both the workforce and its client base; although much of our business is concentrated in the Cardiff area, we also cover the towns of Barry, Blackwood, Bridgend, Caerphilly, Cwmbran, Merthyr Tydfil, Newport and Pontypridd – these large, exclusive territories provide almost unlimited scope for further expansion."
Whether taking over an established area or in a new-start situation, Mike Parker says that Minster franchisees can build valuable, saleable assets: "Average annual sales are more than £700,000 per branch and, with nearly a fifth of branches having topped £1 million turnover, a Minster Cleaning Services franchise could turn out to be the best investment anyone could ever make.
"Minster was established in 1982 and is a full member of the bfa; the Minster Cleaning Services brand is well established and we help franchisees to build a thriving business by providing a comprehensive range of support services to take care of the main day-to-day business activities including IT, accounts, marketing and training, as well as providing professional advice on employment law, health and safety and environmental legislation. Our franchisees come from all walks of life including accountancy, brewing, transport and advertising; as a management franchise which can employ as many as 200 people, their most important attributes are people-management ability, commercial awareness and resilience."
As well as the South Wales branch, there are currently established franchises available for resale in Surrey and Dundee at a fee of £10,000 +VAT in addition to the purchase price of the business. New franchise opportunities include Cambridge, Durham, Leicester, London, Middlesex, Guildford, Peterborough and Swansea.
Prospective franchisees can look forward to a safe and secure future whether they buy an established branch or choose a new area.