Description
- Takeover LLP company and Franchise
- Regular Clients base
- Profitable Business
- 250sqft
- Rental 5.5k
- Lease till Oct 2025, option to renew 3 years
- 3mth Rental Deposit
- Currently 2 Staff (1 full time and 1 part time) plus the owner herself.
The start up cost by the owner as below:
1. 45k for 5 years Franchise
(currently left 3.5 years). For franchise renewal will be 25k for next 5 years
2. Renovation 63k, 3 machines 11k
So new buyer needs to hire another full time staff, to replace the owner. The franchisor will assist for staffing and also provides training to new staff
Last year net profit is about 60k. All costs deducted including owner's salary.
Jan to Mar 2024 profit is about 20k.