Existing Franchises For Sale

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Current Franchises for Sale

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:

Redhill, Surrey

This franchise area includes Reigate and Dorking.

This franchisee has been operating on the current site for approximately 7 years but has been a Practical franchisee for nearly 10 years. The  current fleet consists of 30 vehicles (24 vans, 1 x 9 seater,  5 cars) located in a Safestore Storage site in Redhill, Surrey.

The site is available for rent. The cost of the rent for 32 parking spaces (the portacabin sits on 4 spaces)  is £1180 per month + VAT and includes power and water.

The portacabin (3 years old) is available for rent at £299 + VAT per month.

No business rates apply due to the Small Business Scheme.

Both contracts for  site and portacabin are transferable to buyer.

There are currently 2 fulltime staff  including the franchisee and 1 valeter/driver 3 days per week.

The buyer will need to source their own fleet either through Practical or elsewhere

Annual turnover is £240k.

The business is for sale as the franchisee and his family are relocating to the North West.

Asking price £60k.

 

High Wycombe, Buckinghamshire

The Practical Car & Van Rental franchise  has been operating for 4 years alongside a specialist car sales business located on a trading estate in High Wycombe.

The current franchisee cannot focus on the rental business due to other business interests and does not have adequate staffing in place to operate it in his absence.

Asking price £10k.