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Red Rooster Franchise Sells

Persistence pays off for Michael and his Takeaway Franchise

Michael’s story is one of persistence and patience. Many successful franchises has benefited many independent entrepreneurs because they offer a tried and tested business model. So, there are still many buyers out there looking for the right franchise. Reinforcing that with the right price and patience, any business will sell even a franchise.

When Michael approached us to sell his successful and profitable takeaway franchise, we know we could help him. Upon listing his business, we wanted to set Michael’s expectations of the timeframe in which it may take for his business to sell. Like any business owner we talk to, we are transparent about how we don’t know exactly when your business will sell, but what we can tell you about is what is currently happening in the market and what average trends we are seeing to ensure you have the right expectation.

The business was being operated under full management with very little involvement of the owner, so Michael was in no rush to sell. Happy to wait it out for right buyer, Michael went about day-to-day life while we worked in the background marketing his business across all the major business for sale websites.

Throughout his whole journey with Bonza, Michael’s business saw consistent interest with buyers from all over Australia. Over his selling journey he received 6 offers. In no hurry to sell and patience on his mind, Michael decided to wait the market out for the best possible offer, and it so happened to come along at offer number 5. With a buyer found, Michael was able to sigh a sign of relief and start transitioning into retirement.

This is a fantastic example of how persistence and patience pays off, even during a pandemic. It only takes one buyer to sell your business and no matter how long your business is on the market, Bonza is committed to giving you the best possible service until sold. Chat to us today to find out how Bonza can help you get your business sold!

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