Franchise Brands plc (AIM:FRAN) is looking for acquisitions. In the company's earnings report for year ended 31 December 2020, Stephen Hemsley, Executive Chairman, commented that ‘we continue to selectively seek earnings-enhancing acquisitions of complementary B2C franchise businesses where we can leverage our existing divisional structure and high-quality shared support services. Having visibility of both franchisees' and franchisors' longer-term viability following the COVID-19 crisis is a key factor and we are taking a cautious approach.

We also remain interested in the acquisition of complementary B2B businesses that will assist in expanding the range of services offered by our B2B franchisees. Finally, we continue to search for additional franchise businesses of scale that could create a third division of the Group'. ‘In addition, we will continue to evaluate the acquisition of franchise businesses of scale that may require additional shareholder support and would be additive to these targets'.