National franchisor Mortgage Choice has reported strong sales results in franchises during FY12, selling 20 greenfield franchises and 13 existing franchise businesses.

The on-sale of existing businesses shows the model is providing franchisees with a viable exit strategy, said Mortgage Choice CEO, Michael Russell.

“We are continuing to see a steady flow of new talent joining our franchise system, which augers well for the sustainability of our business and the industry as a whole.

“With respect to our exiting franchises in FY12, many were sold for multiples of three times net trail.

“It is tremendously rewarding for the brand that not only are we attracting quality new franchise owners, but we are providing them with a system that upon exit, provides them with industry leading sale prices,” said Russell.

Image: newham.gov.uk