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Harrisons Carpet One

Market Leader; Trading Strongly Proven Business Model

$165,000 - Timaru Region

# 210218

detail

This Timaru-based mobile carpet sales business consistently makes around $104k per annum to a working owner. The current owners have relocated and whilst they can still service the territory, after 6+ years they believe it is time for an enthusiastic new owner. Harrisons Carpet One are the market leading, nationwide, mobile carpet retail business with nearly 50 mobile showrooms nationwide - and the Timaru business currently services a catchment of over 30,000 households.

Business Development

In the next several years the business can grow significantly on the back of:

  • Regional and GDP growth
  • Increasing relationships with builders
  • Normal new build work within the South Canterbury region
  • Increasing the "close rate" for quoted work
  • Improving margins
  • Greater networking and business development skills

Sales leads come in by way of the http://www.harrisonscarpet.co.nz website and the 0800 number, and are leveraged from the very strong promotional calendar undertaken by the franchisor. As the new owner, you will visit prospective customers, do a measure & quote (using laser technology with a measuring device and tablet) and ultimately close the sale. The key attribute is for a "people person" with reasonable communication & sales skills, and there are no technical aspects that cannot be easily learned during the training process. No physical installation is required, you simply need to co-ordinate the contracted installers within the region. The banks love this proven business model and are likely to fund at least 50% against the business itself.

Franchise fees are very reasonable and the franchisor also has three regional managers, who proactively support the franchisee network. Harrisons Carpet One are a leading nationwide flooring retailer and the over-riding consideration is "user-pays" so franchisees only contribute to the variable costs directly related to their own sales.

A proven business model with a reputable and growing franchisor - a RECIPE FOR SUCCESS

Net Surplus $104,417 EBPITD



Contact: Damien Fahey
Office: Christchurch

Confidentiality Agreement for Business Reference 210218, Broker Name Damien Fahey

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 REAA 2008) and/or Tabak Business Sales Limited (Licensed under REAA 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 REAA 2008) and/or Tabak Business Sales Limited (Licensed under REAA 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.

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*