Profitable Established Franchised Video Store in Boland
About this business for saleProfitable Established Franchised Video Store in Boland
This profitable video store was established in a Boland town by the owner at the current convenient location in September 2009. The store remains popular and profitable as competing stores have closed over the years. The owner has a second store, from the same franchise and wishes to sell this business, as he’s employed full-time and the business takes family time away over weekends with children at school.
The owner is not actively marketing the store other than relying on the franchisors national advertising campaigns and sending SMS messages to a select group of clients. Until Aug 2017 the owner has on average reinvested 23% of sales into buying new stock. This compares favourably with the industry norm of 20-25%. Currently the business carries very little other merchandise such as toys, previewed DVD’s etc. This is mainly due to the owner not having his heart in the business anymore.
The single permanent staff member may or may not stay on when the business is sold. She’s not aware of the potential sale and may choose to retire. The lease is currently running month to month and a new lease could potentially be negotiated for a smaller space.
The franchisor requires proof of unencumbered funds from a potential buyer's bank before negotiations about a possible purchase is considered. They will also do a credit check on potential buyers.
Serious buyers interested in learning more about this opportunity will be required to complete the franchisor NDA in addition to the LINK NDA. The business is ideal for someone who is attracted to the franchise model and who doesn't want to be involved with the day to day running of the business on a fulltime basis. Enquire now to see whether this is the opportunity you have been waiting for.
Asking price excludes VAT, franchise joining fee and stock of approximately R 80,000