Buying an established franchise has many advantages compared with starting from scratch. An existing business has cash flow, customers and staff and, whether you buy a going concern or a new start-up, a franchise offers a tried and tested model where failure rates are significantly lower than for independent businesses. Approximately 30% of all UK franchise sales are resales and, according to the bfa/NatWest Survey, seven out of ten people joining the UK franchise sector did so through the purchase of an existing business over the last two years.
John Bate recognised the benefits of choosing a resale when he recently took over the Nottingham branch of Minster Cleaning Services which has been operational since 1994. With a background in customer services management, he saw an opportunity to develop the franchise by using his experience to add value to the Minster proposition, "Our aim is to be the preferred choice for commercial cleaning services in the Nottinghamshire area and we make sure that our existing clients have no reason to change by providing well-trained, motivated staff and fine-tuning our service to their precise requirements. High standards and flexibility have helped us to build long-term client relationships and we're picking up extra business by offering a comprehensive range of commercial cleaning services."
Minster Cleaning Services was established in 1982 and has been a BFA Full Member since 1992. Office and commercial cleaning is a market which is more resistant to the effects of recession than most, with franchisees providing an essential service to businesses of all types including manufacturing, financial, professional, retail, general offices, healthcare, government and local authority and charities. With Key Note estimating the annual UK contract cleaning market at £6.4 billion and Minster Cleaning Services' large franchise territories, there is plenty of scope for franchisees.
Franchisees come from diverse backgrounds including accountancy, brewing, transport, and the armed forces but they share a number of attributes including management ability, commitment and resilience. When they join Minster, franchisees get support in all main business areas on an ongoing basis, including bookkeeping, training, marketing and the complex and constantly changing fields of employment law, health and safety and environmental legislation.
Minster Cleaning Services Managing Director, Mike Parker says that prospective franchisees can look forward to a safe and secure future whether they buy an established branch or choose a new area, "We offer the opportunity to create a large business and a genuinely valuable asset. Every one of our franchisees has successfully weathered one of our worst recessions and is well placed for the future. The combination of their people-management skills together with Minster's proven business model adds up to a formula that really stands the test of time."
With an annual turnover of £30 million – an average of over £700,000 per branch, Minster Cleaning Services is the UK's biggest cleaning franchise and is a leading force in office and commercial cleaning.
New franchise opportunities include Cambridge, Durham, Leicester, London, Middlesex, Guildford, Peterborough and Swansea.
Initial start up cost is £28,225 + VAT which covers licence, training, computer software and hardware, stationery, machinery, equipment and materials. In addition, between £40,000 and £60,000 working capital will be needed – finance is available from leading banks subject to status.
There are also established Minster Cleaning Services franchises for sale across the country from time to time. These are available at a fee of £10,000+VAT in addition to the purchase price of the business.