Unbelievable Offer 24-7 DVD Rental Store For Sale

Business description

Unbelievable offer to buy a profitable fully automated DVD rental business that will pay for itself within 2 years! Established for 4 years. Turnover £125k pa. Net profit £30k pa. Work part-time (4 hours per day plus approx 5 additional hours per week for remote sites). Assistant manager is keen to remain so it is also a perfect investment opportunity offering more than 50% return to investors, however business can also be purchased without assistant manager. Price negotiable for quick sale.

Franchise terms

7 year contract, 3 years remaining. Sole rights to all LS postcodes.

Property information

Property:

Leasehold

Lease terms:

Shop - 3yr plus 3yr lease, 2 yrs remaining. No problem with extending lease for new owner. £9,000pa lease.

Other sites - contracts in place, no problem extending leases for new owner. Percentage of income payable to freeholders.

Location:

Store located in prime student location in North Leeds with heavy footfall.

Other sites are machines in a supermaket/deli, University campus and two student halls of residence.

Other information

Expansion potential:

Expansion opportunities are available with franchise rights for all LS postcodes. Additional revenue streams also possible such as advertising, confectionery/drinks/popcorn and other ancillary business.

Competition / Market:

No competitors in close proximity to all sites.

Support & training:

1 months full training and support will be provided for smooth transition. Assistant manager is also fully trained and capable of handling day-to-day operations

Reasons for selling:

Relocating to London for family reasons.

Trading hours:

24-7 but store office only open from 5pm - 9pm daily