Q: Why are territory resales available with Home Instead if its franchisees are so successful?
Resales are part of the business cycle of any mature franchise network. Resales are a positive both for the franchisee and franchisor. For the franchisee, they are realising their investment. For the franchisor, it is an opportunity to get fresh experience and energy into the network. For an individual looking at joining a franchise network, seeing resale activity shows the true worth of the franchise brand and model. Often, resales are available simply because our franchisees are retiring, ready to enjoy their senior years themselves having experienced many successful years at the helm of their territory.
Q: What skills are needed for a successful territory resale?
A resale offers a fantastic opportunity but brings with it a really steep learning curve and needs someone who can get started quickly. A territory resale franchisee must be able to engage with and manage people straight away as the whole team will already be established. They must have a very clear vision, ethos and culture that aligns with Home Instead.
Q: Is there growth potential with a resale?
A new franchisee brings in new ideas and experiences and we often see strong growth once the new franchise owner is settled in the business. Our largest franchise offices are continuing to enjoy strong growth year on year. Each of our territories are built with a minimum of 25,000 people over the age of 65, with the right mix of demographics, to ensure each territory is viable.
Q: Why franchise in the care sector with Home Instead?
Choosing a franchise in a market with a promising and assured economic future is good business sense. Selecting a brand that has unprecedented recognition, including a Queen’s Award, two Princess Royal Training Awards, more Outstanding Ratings from the Care Quality Commission (CQC) than any other home care company, marks out an optimum business opportunity for people who want to make a genuine difference to people’s lives whilst operating their own financially rewarding business.