Southern tyre franchise

Sold!

Web ID:

Business Description

  • Prominent main road location
  • Established 20 years
  • National & international franchise group
  • Some experienced staff available to stay
  • Suit hands-on owner operator
Kevin Grant 

Extended Price Information

Goodwill including Plant & Equipment $250,000
Stock at valuation (approx) $20,000
n/a
n/a
n/a

$270,000

Financial Summary

Year
Sales
n/a $1,507,265
n/a $1,443,306
2013/2014 $1,419,848
n/a

Staff Summary

One manager and two staff.

Lease Summary

Current Rent $3,890 per month + GST
Lease Term 5 years
Lease Commencement 1st December 2011
Right of Renewal 2 x 5 years
Outgoings Paid by the tenant
Adjustments CPI annually & market review at renewal
Bank Guarantee $17,000 approx.
The Franchisor holds the head lease and will grant the Purchaser a Licence to Occupy.

n/a
n/a
n/a
n/a
n/a

n/a
n/a
Go Back