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Business Details
Code:
RB860
Business Type:
Video Franchise
Area:
East - close CBD
Established:
5 years
Lease:
5 + 5 years
Rent (excl GST):
$6,250
Trading Hours:
Everyday
No of Staff:
1 Fulltime
7 Casuals
Vendor Hours:
Nil
Approx Turnover(excl GST):
Approx $450,000
Reason for Sale: Other Interests
      General Information

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
Asking Price:
$180,000 + SAV
 
For more information, please contact:
Reg Butler on 0438 189 657


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