Unbelievable offer to buy a profitable fully automated DVD rental business that will pay for itself within 2 years! Established for 4 years. Turnover £125k pa. Net profit £30k pa. Work part-time (4 hours per day plus approx 5 additional hours per week for remote sites). Assistant manager is keen to remain so it is also a perfect investment opportunity offering more than 50% return to investors, however business can also be purchased without assistant manager. Price negotiable for quick sale.
Years established: 4 yrs
Employees: 2 (owner and assistant manager)
Trading hours: 24-7 but store office only open from 5pm - 9pm daily
Franchise terms7 year contract, 3 years remaining. Sole rights to all LS postcodes.
PropertyLeasehold
Lease termsShop - 3yr plus 3yr lease, 2 yrs remaining. No problem with extending lease for new owner. £9,000pa lease.
Other sites - contracts in place, no problem extending leases for new owner. Percentage of income payable to freeholders.
LocationStore located in prime student location in North Leeds with heavy footfall.
Other sites are machines in a supermaket/deli, University campus and two student halls of residence.
Expansion potentialExpansion opportunities are available with franchise rights for all LS postcodes. Additional revenue streams also possible such as advertising, confectionery/drinks/popcorn and other ancillary business.
Competition / MarketNo competitors in close proximity to all sites.
Support & training1 months full training and support will be provided for smooth transition. Assistant manager is also fully trained and capable of handling day-to-day operations
Reasons for sellingRelocating to London for family reasons.