BUSINESS DESCRIPTION
This video shop is located in the upper area of centurion and has been established for 20 years with the current owner having owned it for the past +/- 3 years.
The outlet is in a busy shopping centre and next to busy roads. There are loyal managers who run the business during the day. The business gets most of it's clients from surrounding areas. They have a SMS server installed and advertise through SMS, a personnel advertising medium for all specials.
They have over 35000 customers in their data base. The Franchisor also advertises competitions or specials on a fairly frequent basis. The average monthly turnover is R 82,647.00 netting R 17,788 pm.
The assets are in a reasonable condition (list on file).
The staff compliment comprises:
2 Permanent Staff
1 Casual over weekends
1 Cleaner
The lease ends in March 2012 but has a three-year renewal option with escalation set at 10% pa. The adjoining shop presents opportunity to relocate the business with a +/- 40% rental saving.
The outlet used to have a lotto machine but decided to remove it due to the high number of machines in and around the area.
This business can be purchased out of the Franchise should a Purchaser so wish.
For more information, kindly contact the mandating Broker.