SOLD - Chipmunks Timaru
Exceptional Performer; Fully Managed; Earn over $100k per annum for less than two hours per week!
$350,000 - Christchurch
In recent years the current owners have turned Chipmunks Timaru into a fantastic performer. The following attributes make this business a stunning opportunity:
- Established & profitable
- Great YTD results
- Multiple income streams (Playland, Café/Parties and After School Care/Holiday Programmes)
- Owners input only 1.5 hours per week
- With new Manager employed, business can easily be run from outside Timaru
- Capacity to grow the After School Care/Holiday Programmes
- Easy access location with plenty of parking
- Next to no competition in the franchise's territory
- Amazing point of sale and management software
- Substantial investment on new equipment last year
- Popular Brand
- Solid asset base
- Loyal following and huge repeat business
- Very long standing staff in place
This is a real 'turnkey' business that has perfectly suited the current husband and wife owners whilst they had young children. All the hard work has been done resulting in a business that will perform well from day one, yet still has capacity for future growth for an enthusiastic new owner.
Please complete the Tabak Confidentiality Agreement and we will forward an Information Memorandum, once we have received authorisation from the Vendors.
Net Surplus: 2019FY $116,740 EBITDA
Net Surplus: 2019FY $156,740 EBPITD
EBITDA: Earnings before Interest, Tax, Depreciation and Amortisation
EBPITD: Earnings before paying one Proprietor, Interest, Tax and Depreciation