Price
$250,000.00
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Canterbury Region, Christchurch
Category
Franchise
Listing #
11463
Cherrytree – A unique Opportunity in Canterbury
Cherrytree is a unique business opportunity for the right person or couple to continue to build a great business in the Canterbury region at a unique time in its history.
Cherrytree is a private, members only, wholesale buying club. The Christchurch club premises were damaged in the February 2010 quake and was re-fitted to a very high standard and is now available for new owners to capitalise on the amazing opportunities to support new & existing members to rebuild their lives. The Canterbury re-build is well under way and a hands-on owner-operator will be in a great position to lead the current team to success.
The first Cherrytree was established in 1996 and the Christchurch branch opened in March 2003. There are also clubs in Wellington and Hamilton.
Cherrytree members get access to over 500,000 brand name products from almost 2,000 different quality brands. There are numerous retail discount partners making the Cherrytree membership decision a no-brainer to new members. Instead of paying a retail mark-up, members pay a one-off joining fee and a modest $200 annual fee to keep their membership current.
The nationwide Cherrytree website (www.cherrytree.co.nz ) is used to for marketing and for sales to members through a secure members-only website.
The membership model allows Cherrytree owners to market to a captive audience and to build a sustainable business.
With almost 10 years of annual fees from existing members, cash flow turnover from sales and the opportunity to grow the membership with a huge number of Cantabrians needing the products and services available from Cherrytree the opportunity is huge and available now.
The successful purchaser will need to have energy to burn and some sales experience. Significant training and support is provided by the Wellington-based franchisor.
The revenue potential is significant and the cost of purchase could be re-paid within two years depending on the efforts and success in the current market.
Any interested parties should contact Brian Pankhurst at Link Business Brokers on 021 334 865 or [email protected]
.
Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.
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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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