BUSINESS DESCRIPTION
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!