We have a selection of locations with existing franchisees, who wish to resell their business. This may be due to retirement or to allow them to concentrate on other business concerns – the huge benefit to you is that you are purchasing the Practical brand but in a location with a proven history of trading and revenue, an existing website and phone number, and a database of previous renters. We may even be able to help with premises and vehicles.
Our current resale list is:
Cambridge
CURRENT TURNOVER:
2022-2023 £158,863,
2021 – 2022 £166,867
PRACTICAL BUSINESS WHICH HAS BEEN OPERATED SUCCESSFULLY SINCE 1998.
THE EXISTING OWNER PLANNING TO MOVE ON AFTER RUNNING BUSINESS FOR 25 YEARS NOW
ASKING PRICE: £15000 PLUS VAT
ESTIMATED WORKING CAPITAL REQUIRED: £20-£30K FOR AN ADD ON BUSINESS OR £50K – £70K FOR A STAND ALONE
SOME FLEET MAY BE AVAILABLE TO PURCHASE FROM EXISITING LOCATION
Ely
CURRENT TURNOVER:
£120k
Practical Car & Van Rental Franchise established for over 20 years as an add on to a motor trade business. We are looking for an individual to run as an add on to their own business. There is potentially a trained staff member who could be employed for two years as an option to the new owner.
ASKING PRICE: £15,000 PLUS VAT
ESTIMATED WORKING CAPITAL REQUIRED: £20-£30K FOR AN ADD ON BUSINESS OR £50K – £70K FOR A STAND ALONE
Lechlade
CURRENT TURNOVER:
£78k as an add on business
ASKING PRICE: £9000+Vat
ESTIMATED WORKING CAPITAL REQUIRED: £20-£30K FOR AN ADD ON BUSINESS OR £50K – £70K FOR A STAND ALONE