Buying a recession-proof franchise

  • by Sam Lewis 

Franchise facts

Sector:
Home improvement franchise
Key info:
Unique product range
Established international brand
Flexible investment option
Franchise costs:
£29,975 (+ VAT)
Potential earnings:
  -
 

Danny Hanlon on surviving the recession...

“The recession has been incredibly kind to us actually, I’ve been through two recessions in my 16 years with the company and at each one of those stages, and whether it’s a boom or a bust period, Granite Transformations does very well.

The reason that we do well during the recession is because when the recession hits people tend to nest, so they stay in their property for five to six years

“The reason that we do well during the recession is because when the recession hits people tend to nest, so they stay in their property for five to six years. They think how can they do up their property when the economy becomes good again, and naturally the first thing they look to do up is the kitchen.”

On buying a franchise for sale...

“The joining process involves coming down and seeing us, spend a couple of hours with us and see whether Granite Transformations is the right business for you. It gives us a chance to see if you’re right for the business.

“We’ll give you a list of our franchise owners so you can go away ad call them and see what it’s actually like running a franchise.”

On business and financial planning...

“After the second interview we’ll line you up with our financial advisor, he’ll sit down with you and line up a business plan and he’ll even organise to raise the finance.

“After that you’ll go and select a showroom and our own interior designer will come out and he’ll design the interior of that shop and then we’ll work towards an opening date.”