Minster Cleaning Services’ managing director, Mike Parker, says that buying a resale offers franchisees many advantages: “The purchase of an established franchise gives you cash flow, customers and staff from day one. It can also provide evidence of what can and has been achieved, and it can show how the business is likely to perform in varying market conditions.
“Most of our recent franchisees have joined by acquiring a resale and they have benefited from taking over at branches which are working well and have an experienced cleaning workforce, knowledgeable field and admin staff and a substantial profit stream.
“There are currently two established Minster branches available – Derby and Devon – both offer excellent growth opportunities for incoming franchisees. And, having a low EBITDA* multiple, they offer excellent value for money and the investment could easily be recouped in just a few years.
“Derby is home to many major companies such as Royal Crown Derby, Rolls-Royce, Toyota and Bombardier. In recent years, the city has benefited from a number of significant investments, which has led to a substantial increase in leisure, office and retail space.
“Devon has enjoyed growth of 67 per cent over the last decade compared with a UK average of 53 per cent. The area has high employment rates and is consistently named as the best place to live in the UK.”
Recent incoming ‘resale franchisees’ have all made significant positive impacts on the Minster businesses that they bought. Since Kevin Lawley took over the Norfolk and Suffolk branch in 2011, he’s more than trebled turnover, as well as scooping various accolades for his performance including the 2016 bfa HSBC Franchisee of the Year award (B2B category).
Purchasers of a resale will benefit from a highly effective marketing strategy, as well as help with the transition from employment to self-employment. Ongoing support also covers operational management, administration, bookkeeping and IT and professional advice in the complex fields of employment law, health and safety and environmental legislation.
Minster’s exceptionally large territories give enterprising franchisees virtually unlimited scope for expansion and, as an essential business-to-business service with multi-sector appeal, office cleaning is less susceptible to fluctuations in the nation’s economy than most sectors.
Minster Cleaning Services was established in 1982; it has been a British Franchise Association (bfa) Full Member since 1992 and was a 2016 bfa Franchisor of the Year finalist. With so much experience of franchising and the commercial cleaning market, Minster gives prospective franchisees a rock solid business model with considerable opportunities for growth. Larger branches can employ upwards of 200 people and many have achieved annual sales in excess of £1million. The top ten branches are averaging annual sales in excess of £1.7million and annual turnover for the group is now approaching £40million.
As the country’s biggest and one of the most successful commercial cleaning franchises, Minster offers prospective franchisees with people-management skills a safe and secure future whether they buy an established branch or choose a new area.
The current resales in Derbyshire and Devon are available at a fee of £10,000 plus vat in addition to the purchase price of the business. Please contact Minster for further details.
New franchise opportunities include Cambridge, Doncaster, Durham, Guildford, Leicester, London, Middlesex, Peterborough and Swansea. Initial start-up cost is £28,225 plus vat which covers licence, trading support and a marketing start-up package. In addition, between £40,000 and £60,000 working capital will be needed – finance is available from leading banks subject to status.
*Earnings Before Interest, Taxes, Depreciation & Amortisation