Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Business For Sale. Video Stores - Mpumalanga (mpl)

LISTING DETAILS
Firms For Sale ID:
31853
Vendor reference:
11746
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$297,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
This Franchise has been established for 2 and a half years (Franchise established in 2005 by owner) with present owner. The business is situated in Mpumalanga. The interior of the store is very neat and mod / up-market, with a family atmosphere (there is a children's corner with TV and big cuddly toys for the children to lounge on) and they also sell chips and cool drinks - self service and slush puppy / popcorn. Decor is very nice. The surrounding area is Residential with a school across the road.
The assets are in mint condition (brand new Hi-fi included in sale).
The reason for sale is Franchise opportunity, also the owner resides in Pretoria and cannot make sure the business is being run properly as he never gets there often enough.
With more marketing (Banners etc), promotions with schools, competitions, more exposure, the business will be booming.
Business has been evaluated by attorney's at R 600,000 Business is selling at a much lower price of R 297,000 (inclusive of stock to the value of R63,000) in order that the new owner has enough capital to get company to reach potential of R 20,000 NP (not your usual DVD outlet)!!!!. Must be seen!!!
Please also note that if you are looking to open a new DVD Franchise the owner is looking to expand and if you find premises in the area you would like to open one, then the owner can be approached to asses the area etc to see if it would be viable to open one there.