Cornwall

Area Description

The area is noted for its wild moorland landscapes, its long and varied coastline, its attractive villages, its many place-names derived from the Cornish language, and it’s very mild climate. Extensive stretches of Cornwall’s coastline, and Bodmin Moor, are protected as an Area of Outstanding Natural Beauty. Cornwall is also the location of mainland Great Britain’s most southerly promontory, The Lizard, and one of the UK’s most westerly points, Land’s End. This Card Connection business offers the right person an opportunity to work in some of the most beautiful parts of the UK and at the same time offering the potential of a good income.

Area Details
Area Number133Trading Since2007
Size of Business
Annual Sales£165,000Number of Outlets Trading170
Gross Profit note 1£74,250
Investment Required
Goodwill note 2£37,125
Stock & Display Equipment note 3£43,300
Other note 4£6,115
Total note 5£86,540

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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