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Harrisons Carpet and Flooring

Proven Systems; Strong Brand; Dunedin North Territory

$75,000 including fully-equipped van and samples etc. - Lower South Island

#060622

detail

In the 2022FY the business generated over $100k owner profit, after only being established for several months prior to that. Most of the hard work has now been done, but sadly the vendors have had a change of direction, and the business must be sold. The asking price of $75k including all plant and equipment represents an excellent ROI in the context of previous territory sales of this brand, and the discounted price is simply to effect a timely sale due to the owner's circumstances.

The keys to success with this franchise is people skills and a liking for sales. Most leads are provided by way of franchisor driven advertising, and success is simply leveraged by presenting products and solutions at the clients' home and closing the sale. A good retail person or customer service person will excel in this role, (and potentially more than double their income!!) with all training provided by the franchisor. The only requirement is an empathetic personality and/or simply being 'a people person'.

The Territory includes nearly 30,000 households with a population in excess of 72,000 people. Most sales are after-market, with a small percentage into new builds, and the current owner has done some initial prospecting in order to build the territory, albeit a significant number of leads are also provided through Head Office advertising. Sales and profit would increase if a couple were to be involved in this business, enabling optimal use of the mobile showroom, which is not currently the case.

The Franchise Association state there are more than 630 franchised brands in New Zealand, operating around 37,000 individual businesses whose turnover accounts for 11% of the national GDP!!

A dynamic franchisor, proven systems and a compellingly-priced opportunity are available for the right buyer!

Net Surplus $102,368 EBPITD

Contact: Kevin Peterson
Office: Christchurch

Confidentiality Agreement for Business Reference 060622, Broker Name Kevin Peterson

Between Tabak Business Sales and the Interested Party.  The Interested Party must be an individual's name, NOT a company name.

In consideration of Tabak Business Sales (being any or all of Tabak Ltd (Licensed under REA 2008) and/or Tabak Business Sales Limited (Licensed under REA 2008) and their respective business brokers) entering into discussions relating to the possible acquisition of the assets or shares of any business(es) presented to me by Tabak Business Sales and specifically the business referenced above, I/We hereby agree and undertake as follows:

  1. To treat as totally confidential the identity of the business(es) disclosed to me and any details as to its operation or financial accounts;
  2. I acknowledge that the financial records, customer and supplier details and other information relating to the business to be disclosed to me shall at all times remain the sole and exclusive property of the Vendor and that such information is of competitive value and of a confidential nature and that loss or damage would be sustained by the Vendor if such information should be used or divulged by me for any purpose other than the evaluation of the purchase of the business or should it become into the possession of an unauthorised third party;
  3. Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by Tabak Business Sales;
  4. Not to make an approach to the Vendor of any business disclosed to me by Tabak Business Sales, or the business' staff, customers or suppliers without prior arrangement with Tabak Business Sales and to refer all queries through Tabak Business Sales;
  5. We acknowledge that Tabak Business Sales is the introducing agent, and that all offers and deposits for the business, shares or property will be conducted through that office;
  6. If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to Tabak Ltd (Licensed under REA 2008) and/or Tabak Business Sales Limited (Licensed under REA 2008) as the case may be;
  7. If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify Tabak Business Sales against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach;
  8. That all information is received for no other purpose than the evaluation of the investment potential of the business;
  9. If I decide not to proceed with the investment, I agree to immediately return to Tabak Business Sales all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);
  10. Acceptance by Electronic Mail: Execution of this Agreement and transmission between the parties by electronic signature and email response each to the other or their representative will constitute offer and acceptance and satisfy the requirements of Section 5 of the Electronic Transactions Act 2002.
  11. Privity: For the purposes of Part 2, Subpart 1 of the Contract and Commercial Law Act 2017, the parties acknowledge and agree that the agreements and undertakings given by the recipient in this Confidentiality Agreement are given for the benefit of the Vendor and its related companies and representatives, and are enforceable at the suit of all or any of them.

Before proceeding with this Confidentiality Agreement, it is recommended that any prospective purchaser

  1. seeks legal advice.
  2. may or may need to seek technical or other advice and information.
  3. review Tabak Business Sales’ internal process in relation to any complaints.  A copy of these can be found here.
Mandatory Fields*