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Buying an Existing Franchise Location: Is It the Right Choice For You?

Posted on:

October 23, 2023

Starting a new venture is exciting. It’s a chance to be your own boss, follow your passions, and build a future for yourself. Embarking on a Tutor Doctor franchise journey is just as exciting and rewarding and the best bit is a lot of the hard work is done for you. You’ll be following a proven model, have an established brand right behind you and get all the training you need to make your business a success. 

One of the decisions you might need to make before starting your Tutor Doctor franchise is whether you want to start from scratch or buy an existing franchise location (also known as a “resale”). In this article, we’ll explore the reasons to purchase an established franchise and whether it’s the right choice for you. 

Established Presence and Reputation

When you buy a resale franchise location, a lot of the groundwork involved in building a reputation, establishing brand visibility and earning trust has already been taken care of. It means you can pick up where the last franchisee left off and build on the success they have already achieved. 

Pre-existing Client Base

One of the biggest benefits of choosing a resale is the possibility of inheriting existing clients. These are customers who are already familiar with the brand and services and who probably use them regularly. It means that from day one, you can look forward to tapping into the pool of trusted clients, something that new franchise locations might take longer to achieve. 

Previous Local Marketing

Local marketing is vital for any business looking to reach out to prospects within its community. With a resale, a lot of the marketing strategy will be well established and the community may be well-acquainted with Tutor Doctor. From social media marketing to the efforts from past community events, these efforts help you to keep the marketing momentum going rather than starting from scratch. 

Potential Support From the Previous Franchisee

In some cases,  the departing franchisee might be willing to give you guidance and support during the transition period of the resale. Their insights about the local market, the challenges they came up against and the strategies that work can be invaluable. And don’t forget, you’ll always have the Tutor Doctor support team to lean on when you need help. 

Be Prepared For Possible Resale Challenges

As we have seen, there are many advantages to investing in a franchise resale. However, there are some challenges to be aware of, too. Before signing on the dotted line, make sure you are aware of and prepared for any challenges the previous franchisee faced and always get a complete picture of the franchise’s financial health. Again, the Tutor Doctor team is here to help you make the right decision. 

Ready to Invest in a Resale? 

Buying a Tutor Doctor resale could be an attractive proposition for many aspiring franchisees. Like any business decision, it requires careful consideration and research. Tutor Doctor offers unparalleled support, ensuring you have all the guidance and tools you need to make the right decision and make a success of your franchise. 

Ready to invest and make a difference in the rewarding world of education? Reach out to Tutor Doctor today to discover more about our franchise opportunities in your local area. 

Tags: franchise, education

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