ChipsAway Automotive Paint Repairs Franchise Resale (Basingstoke)
- Well established and successful business covering the Basingstoke area
- Impressive year on year growth, carrying out SMART repairs on automotive paintwork
- Brand-leading national franchise with regular national TV advertising
- Opportunity to acquire additional franchise areas (subject to availability an franchisor approval
- Price includes fixtures, fittings, goodwill and stock
- Attractive profits
ChipsAway specialises in small area repair techniques (SMART) and have the largest network of mobile automotive paintwork repairers in the UK. Established for almost 20 years, ChipsAway is a brand leader, with regular national TV advertising campaigns, as well as online campaigns, offering significant support for the franchisee. The current franchisee has grown the business impressively over the last 4 years achieving increases in turnover in excess of 50%, with a target increase of a further 25% for the current financial year. The business currently operates from an industrial unit under a lease running to May 2014, at a rent of £515 per month and currently employs two full time members of staff. A management fee to ChipsAway of £5,820 per annum is paid and the buyer will aquire a new 5 year franchise agreement, with all the requisite training included within the purchase price. There will also be a 1 month hand-over by the current franchisee, which may be utilised between the hours of 09.00 and 16.00 hours Monday to Friday.
Although operating from an industrial unit, the current franchisee chooses to lease a van for the purpose of collections and deliveries, however, further expansion is available should the new owner choose to use the vehicle to offer a mobile service. The premises are subject to a 3 month break notice period therefore the new owner may choose to re-locate if required. Accounting information provided clearly demonstrates a growing business with buoyant profits available to the right operator.
For further information on the ChipsAway brand please visit www.chipsaway.co.uk
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