Birmingham

Area Description

Birmingham is a city and metropolitan borough in the West Midlands of England, standing on the small River Rea.  It is the largest and most populous British city outside London.  Conscientiously managed and developed but would ideally be suited to a couple of an ambitious partnership.  this area has a varied profile of customers which have exhibited strong brand loyalty over a number of years.

Area Details
Area Number 214 Trading Since 1992
Size of Business
Annual Sales £70,411 Number of Outlets Trading 144
Gross Profit note 1 £30,907
Investment Required
Goodwill note 2 £16,998
Stock & Display Equipment note 3 £26,324
Other note 4 £6,540 + VAT
Total note 5 £49,862

Notes

  1. Gross Profit is based on draft accounts. If proceeding to the next stage you will need to verify the figures from the selling franchisee’s accounts, which will be made available to view.
  2. Goodwill price is calculated according to the level of Gross Profit achieved and is subject to final negotiation between yourself and the selling franchisee.
  3. The value of stock and display equipment is an estimate only, and a full and accurate stock take is carried out at time of sale. We have strict criteria on what stock can be transferred to ensure that it is current and appropriate in quantity.
  4. This figure excludes working capital. For guidance, allow around 10% of Annual Sales Turnover. A detailed cash flow will need to be prepared (we can assist in this process if required).
  5. VAT is payable on items in Note 4, but is fully recoverable from HM Revenue & Customs. (VAT is not payable on Goodwill and Stock).
  6. These particulars are for guidance only and do not form part of any contract.

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