Summary
- Asking price:
-
£40,000
- Sales revenue:
- < £200k
- Net profit:
- < £100k
- Franchise opportunity:
- Yes
- Years established:
- 2
- Employees:
- 0
- Home based:
- This business can be run from home.
- Relocatable:
- This business can be relocated.
Franchise terms
The franchise contract is for five years (renewable every 5 years) and the current owners are into their third year. Operators are required to have an enhanced CRB clearance certificate.
Business description
A great little franchise with the potential to be very lucrative and, effectively, only working two days a week.
Property information
- Lease terms:
- A great benefit of this business is that it is run from home, which means it is easily re-locatable, and the usual business overheads of rent, rates etc. are not incurred.
- Location:
- The francise terrortory covers the whole of the NN postcode area (Northamptonshire), a population of about 600,000. The territory has 10 indoor venues across the county, whilst the Go-Karts do run outside the indoor venues ensure a 12 month business that is not seasonal.
Other information
- Expansion potential:
- The current owners have had great pleasure in building this business up over the last two years, but it has only been on a part time bases. Consequently, they have barely scratched the surface of the potential for this business.
- Competition / Market:
- This is a well established, unique business which has built up an excellent reputation. The current owner operates the business on a part time bases concentrating primarily on birthday parties. There are many examples of other Go-kart party franchisees who run the business on a full time business and make a very decent living
- Support & training:
- No previous experience is necessary as full training and support is provided. Additionally the current owner will provide a full handover.
- Reasons for selling:
- The franchise was originally bought as a part time business to help out with private school fees. The owners full time job has since been relocated to the Isle of Man which makes it impractical to run.
- Trading hours:
- Because of the nature of the business it could be run full time or part time to suit the owners other commitments. However the majority of the business is at weekends.
- Financing available:
- Funding is available via the franchisor.
- Furniture / Fixtures value:
- £35,000
- Website:
-
www.mygokartparty.com