About the Franchisor:
Civic Video began in 1985 and today operates a successful chain of 280 franchise and corporate video stores.The Head office is located in Sydney, with a state operations office in Brisbane
Civic Video is recognised within the video entertainment industry as a dynamic and progressive organisation. This view has been reinforced with numerous awards over the years by the AVRRA
The mission statement for Civic Video reflects the goal and values of many of our franchisees and staff: "To be the customer's first choice in home entertainment, by guaranteeing satisfaction in all areas of our business"Â
Civic Video is a member of The Franchise Council Of Australia
About the Franchise:
This store is realisticly priced to sell. The asking price stacks up very favourably against other video stores listed for sale on the market
Located in a noticeable prominent position amid a heavily populated area. The surrounding population will continue to grow
Great roadside visibility with dedicated undercover parking. The store lights up well at night and very hard to miss
The store is approx 5 years old and is up-to-date with the corporate requirements - no need to refit!
There is 15 years to run on the lease (includes 2 x 5 year options)
There is an extensive library of approx 9,000 movies and 700 games
The recent trading and profit performance is consistent. However the store has demonstrated that it can perform much better when operated by an owner
Full accountant's financials, together with Civic Video franchisors information to support the viability and trading performance is available to qualified prospective purchasers
Approval has been granted to install an ATM machine. This will generate approx $8,000 per annum additional income - directly onto the bottom line!
Currently the store is being run under management. However a dedicated Owner/Operator could realize a pre-tax and interest (if applicable) return of approximately $100,000
(Photo is representational)
Other information:
The reason for the sale is genuine. The owner has other Civic Video franchises which he is developing in another (distant) part of Australia
Full training is required prior to settlement. This is conducted in Sydney for 1 week. There is also the need to spend 1 week working in a Brisbane store.
The franchisor offers ongoing support with: Buying, Marking, Merchandising etc (including Monthly meetings in Brisbane)
A convention is held every 2 weeks - usually overseas, e.g. Hawaii, Hong Kong!
This store qualifies for bank finance lent against the business to an approved applicant
To request more information on purchasing this franchise, please send an enquiry by clicking on the 'SEND EMAIL' button below
Or contact direct:
Reg Butler 0438 189 657 reg@brokers.net.au
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