If you love business, making deals and enjoy a challenge, you’ll find this franchise utterly fascinating! Be part of a mutually supportive team helping business owners achieve their goals.
Business Partnership is looking for people, just like you, who have commercial experience with a passion for business and the desire to help business owners achieve their dreams, to join their friendly and dedicated team.
Business Partnership is a somewhat unique franchise operation in that the board of directors have all been franchisees (and have over 60 years of experience between them) meaning that they are well aware of the challenges you may face including knowing the changing needs of clients, adaptations in the market as well giving you the ‘hands-on’ operational advice necessary to deliver the service. You will receive all the help and support you need to get your franchise area up and running as soon as possible.
You’ll also be able to draw on the invaluable advice and knowledge from your fellow Regional Partners, should you need to.
Who is Business Partnership?
Established in 1979, Business Partnership is one of the UK’s leading independent business broker networks with vast experience in advising owners on the sale of their businesses.
The role of its regional partners is to support business owners, while earning fees from business sales and valuations, as well as acquisition and exit planning.
You will join a national group of like-minded partners, who enjoy a flexible and rewarding lifestyle; some are working to build their franchise, having only joined in the last few years, whilst others have over 20 years of experience with the franchise.
The Franchise…
The franchise can be run from home on a part-time or full-time basis, depending on your ambition and other commitments.
As a Business Partnership franchisee, you will have your own dedicated area, so local knowledge can be a huge asset. Selling a business in rural Scotland or coastal Wales brings different opportunities and challenges to selling a business in Central London or other big cities. Being part of the franchise adds a national brand to your efforts, working collaboratively to secure clients and sales.
You will work with an eclectic set of clients from small local businesses, likely to be bought by someone local to larger businesses which may attract buyers nationwide, or even from overseas.
Business Partnership’s central CRM system brings everything together. Sales listings appear on their Business-Partnership website, as well as all the major businesses for sale portals seamlessly, while their BP-Corporate site is there to attract larger business sale clients.
The Franchisees…
Successful Business Partnership franchisees have come from very different walks of life, business sectors and parts of the country. Business Partnership’s most recent franchisees have come from backgrounds in banking, finance, sales & marketing, manufacturing, accountancy, legal, and engineering.
During the decades that Business Partnership has operated, some common qualities have emerged that help you to hit the ground running.
- The ability to establish a rapport quickly
- The willingness to network (an important generator of introductions)
- The desire to participate in a mutually supportive team
- Credibility in at least one business sector with the ability to confidently converse at all levels
- Self-motivation and drive
The Training and Support…
Business Partnership’s extensive training program includes an initial six days of training with the directors covering all the aspects of the below AND MORE…:
- Marketing - How to find people who want to sell businesses
- How to value a business - including accounts interpretation
- Converting prospects to clients and what fees to charge
- How to find buyers
- Full training in handling negotiations through to completions
Lastly, two further training days are taken at your discretion to deliver the support you require.
Business Partnership also holds national franchise meetings where everyone comes together to exchange experiences and ideas. This is supported by virtual meetings & training on any system updates.
The Investment
The franchise fee is £25,000 + VAT and with the minimal overheads of a home-based business; there are two main monthly fees to factor in to the franchisor; the management service fee and your contribution to the national marketing fund (a fund that supports all regional partners) neither of which are based on a percentage of your earnings – the more you earn the more you keep.
Business Partnership do recommend that you calculate your approximate living expenses for at least 6 months and add this in to your cash-flow requirements.
The franchise territories are generally two to three counties in size… and work on a business population of around 80k per territory.
As a Business Partnership franchisee, you will enjoy four main income streams:
- Sales commissions
- Purchase commissions,
- Formal valuations and
- Value Builder and exit planning consultancy.
Your Next Steps…
If you can see yourself as a Business Partnership Regional Partner, the next step is simple, just complete the form and we’ll be in touch shortly.
Business Partnership Case Study | Meet Philip Drazen, Regional Partner for West Yorkshire
2️3 years ago he founded the Entrepreneurs Club which brings together business owners and investors to share business ideas and is one of Yorkshire’s premier forums for entrepreneurs.
Leeds-based Philip joined Business Partnership in July 2022 and brought his many years’ experience in advising companies on their route to exit with him to his new role.
He is assisted by his business partners Nigel and Tom Jones, who have worked in the refrigeration and air conditioning industry for over three decades and have considerable knowledge of owning, selling and buying businesses.
A former managing partner of a regional law firm, Philip is a well-known and respected figure in West Yorkshire and boasts a vast network of connections through his successful and continuing Business Exposure Groups and Entrepreneurs Club ventures.
Philip is an active and well-respected member of the Yorkshire business community and is surrounded by a pool of resource to call upon to make the deal complete with the minimum of disruption. He finds the Business Partnership database a valuable source of suitable buyers.
“I’ve sold businesses for the last 22 years but have never done it with the support, infrastructure and database that Business Partnership provide as one of the largest independent companies in the sector,” he said.
Philip uses his skills to focus on SME business to business sales, including traditional and tech companies, said that the pandemic has resulted in business owners falling into one of two camps.
“Many people have been re-energised as they have seen competitors disappear and are now planning to grow by acquiring businesses. However, there are a significant percentage who have re-evaluated their priorities and are now keen to sell. Both present myself and Business Partnership with lots of opportunities to guide them through a difficult and emotional process,” he added.
Philip is experienced in taking buyers, sellers and investors along the journey of a sale or acquisition, addressing the issues and maximising value.
“I work closely with my business partners to ensure that the deal that is struck is the deal that completes, by ironing out any areas of doubt expressed by the buyer. It’s all about managing expectations”
If you feel that you could be our next ‘Philip’ get in touch today
Five Advantages which secure a smoother sale for your business at higher price
