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This video store is part of a well established home grown Kiwi Franchise group that started in 1984. This particular store is one of only two in a sub-city of more than 52,000, and is part of a destination shopping precinct at a thriving Mall. Although it has a competitor, this store dominates the video market in the area.
Well established and very well stocked, this is a great buy for a keen operator. This is a big store with a big future.
Currently operating as a company store that employs a manager, this business produced a very healthy managed profit in 2012 – 21% on revenue of $729,254.
An owner operator could achieve a 47% return on the asking price. A husband and wife team could produce a great deal more, AND the Franchisor has some exciting growth opportunities lined up that will significantly increase the top and bottom lines!
*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.
Buying a business is an exciting time and will prove to be one the most impactful decisions you will make in your lifetime. We’re here to help you on your journey.
Discover what you can afford, how much your loan repayments may be, and how much you could earn.
Buying a business should be exciting, but it can quickly become stressful if you don’t have experience in accessing business acquisition loans.
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