Franchise Video Shop In Cape Peninsula For Sale

Business description

GENERAL DETAILS:
· The existing owner opened this business in September 2005.
· The business is situated in a popular shopping centre
· Part of a well-known Franchise. Franchise Joining fee is R17, 000
· Business Hours: Monday 09h00 – 21h00
· Weekends 09h00 - 21h30
· Staff: 4.
· Rental: R25500
· Lease: Buyer can negotiate own lease period. Existing lease expires Sept 2015
· Fixed Asset Value R110 000
· Stock R356 000
· Financial Summary:
· Average Monthly Turnover without VAT: R130 000
· Average Monthly Purchases R 35 000
· Average Monthly Gross Profit: R 95 000
· Average Monthly Expenses: R 57 779
· Average Monthly Net Profit: R 37 221
· Refer to available Management Figures or Financial statements
Another 2 shops are available in the same town. All three shops are available at R1.7m stock included

REASON FOR SELLING:
Seller wants to buy another business

Property information

Real Estate:

Lease

Location:

Very busy Mall

Business Operation

Reasons for selling:

New Business

Trading hours:

Monday 09h00 – 21h00
Weekends 09h00 - 21h30

Employees:

4

Years established:

6

Franchise terms

Will be discussed

Other information

Support & training:

1 month

Financing available:

50% own Capital rest by Bank

Furniture / Fixtures value:

R110,000 (included in the asking price)

Inventory / Stock value:

R400,000 (included in the asking price)

Relocatable:

This business can be relocated.