Chelmsford

Area Description

A fantastic opportunity to own a well-established developed territory with high performance.
The area covers the following locations: mid-east and west Essex and the southern part of Suffolk area. Main towns are Harlow, Chelmsford, Colchester, and Clacton. In Suffolk – Ipswich and Felixstowe.
The current franchisee supplies quality retailers which contain many high value national accounts and independents.

Van may be included free of charge for a quick sale. Selling due to retirement.

Area Details
Area Number117Trading Since1992
Size of Business
Annual Sales£170,771Number of Outlets Trading130
Gross Profit note 1£76,470
Investment Required
Goodwill note 2£50,000
Stock & Display Equipment note 3£48,502
Other note 4£6,540
Total note 5£105,042

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.