Resales Home Instead was established in 2005


in the UK, so a few owners will be reaching retirement after being with the company for many successful years. The home care sector is growing, so it is a great match for entrepreneurs who can see the market potential of an ageing population and quality care provision for older people, as home care continues to become the care model of choice. As a Home Instead resale franchisee,


ou ill enefit from all te support and training which a start-up franchise owner receives. You will also have a dedicated Business Development Consultant to guide you – they will have a wealth of knowledge of your business to help take you to great success. You’ll also enjoy the support from our  team at ational ffie ranging from marketing to IT support. If you are considering a resale you need to


take into account the higher price of buying the business, as opposed to the lower cost of a start- up franchise. Funding for a franchise is generally looked on favourably by the banks, as they have a proven track record. Banking partners will often look to contribute between 70% to 80% of the total investment and for a resale this may be offered over a longer period of time than a new franchise. Luke Spellman, Franchise Development


Manager at Home Instead, explained: “We have had a number of resale opportunities over the past year and we have had huge interest in them. Resales can often become available in highly desirable areas, where previously we didn’t have any territories for people really keen to own a franchise. “We have also had a number of people


who relocated, as they knew they wanted a resale franchise and were willing to move to get it, which is all down to the demand for a Home instead franchise. The furthest we have seen someone relocate was Mike & Greg Harrold who moved to the UK from Australia to buy their franchise!”


Making the move to buy a resale In 2020, father and son team Mike and Greg Harrold purchased the Home Instead outampton resale offie taing over a business that had been running for 10 years. They have since progressed to become multi- unit franchisees having taken ownership of the ournemout  ristur offie in . Greg has a BSc in geology, marketing and


investment and worked alongside Mike in the family business. Mike spent most of his career in finane for several large organisations


“Buying the Home Instead resale, gave Mike and Greg a terrific team and lovely clients ...as well as a positive cashflow!”


he moved to Australia to become the MD of Shell, before setting up in his own business. Mike had a personal link to the home care


sector as his mother had been a nurse, caring for the elderly. First-hand he experienced the need for home care when his parents, who lived in South Africa, began to struggle at home as they got older. Both Mike and Greg were looking for new


business opportunities, when they researched franchising, they knew a resale would suit them perfectly over a new territory. They preferred the idea of an established business rather than building the franchise up from the ground. Through buying the Home Instead resale, ie and reg auired a terrifi team lovel lients as ell as a positive aso. Mike commented: “We are enjoying every moment, we are able to make a difference to so many people, as well as continue to build this exceptional business. With a franchise, you know you are not on your own, te national offie team provides a ealt of ongoing support from day one, to help everyone to achieve success and grow their businesses.” 


homeinstead.co.uk/franchise/resales BUSINESSFRANCHISE.COM 31


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