Outstanding opportunity to pick up a well established franchise system that was started in New Zealand over 20 years ago. The business is currently managed to the point where the vendor needs little involvement and was able to take 5 months off on international travel. There are 22 franchised outlets and still room for growth. The business is performing well and client base covers local business, NZ travellers and international tourists. The business could be operated from any NZ location (with appropriate telecommunication services). There is also a definite opportunity to duplicate the business in Australia.
All this adds up to a lifestyle envied by many (hence why the existing owner has owned this business for the past 2 decades).
*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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