The Sale Price for the Franchisee Branch (3 yrs) is R1 100 000 incl R20 000 stock, with an existing stable turnover of some R2.2m pa, producing a Discretionary Net Profit of R603 000 pa, which is guaranteed from 2 ongoing projects (2 more years), and with a growing market in the area, allowing for further business opportunities that have to date not been driven by the Franchisor, who has many other aspects to focus on.
The Franchisor has built the Franchisee Branch up to a level that has steady Turnover and profits, with it being the right time to sell off to a Franchisee, who has the time to expand the business with other large projects & smaller residential/commercial opportunities, which abound in the burgeoning north coast.
The assets consist of a: Nissan NP 300, tools, products, consumables, etc (full list available) – some existing & others new. They are worth some R200 000; noting that the vehicle was bought new 3 yrs ago for R180 000, with some R130 000 finance outstanding covered within the expenses of this Report).
8 staff plus other labor when required +- 2 to 3
Manager, Driver/ labourer, Skilled waterproofers
All with service between 1-3 yrs