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Buying an established franchise has many advantages compared with starting from scratch. An existing business has cash flow, customers, 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 per cent of all UK franchise sales are resales and, according to the bfa/NatWest Survey; seven out of 10 people joining the UK franchise sector did so through the purchase of an existing business over the last two years.
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John Bate recognised the benefits of choosing a resale when he recently took over the …