Kingdom of Fife & Edinburgh including the Scottish Borders

Area Description

No two days will be the same.  One day you could be visiting the scenic fishing coastal villages in the East Neuk of Fife, the next day in Scotland’s bustling capital city and the following day in the historic Border towns.  there is an excellent road infrastructure giving good access to all parts.  conscientiously managed and developed but would ideally suit a couple of an ambitious partnership.

The area has a well-established customer base and is being sold by the current franchisee as he wishes to become involved in his family’s business.

Area Details
Area Number 406 Trading Since 2004
Size of Business
Annual Sales £68,240 Number of Outlets Trading 91
Gross Profit note 1
Investment Required
Goodwill note 2 £14,069
Stock & Display Equipment note 3 £28,329
Other note 4 £6,540
Total note 5 £48,938

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 5, 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.