Food/Hospitality for sale
Master Franchise - Money Exchange - Sydney
\nMaster Franchise - Money Exchange - Sydney - Agent SBX Code Number: GJ1275
Retail money exchange - Master Franchise with offices in Sydney, Adelaide and Melbourne, plus 25+ retail locations/agencies throughout Australia (in grocery, convenience stores, travel agencies). - Clients come to the counter, or phone in requests or email in requests for money transfer once establishing an account. - Computer program handles the transfer and billing process. - Deals predominantly with India, Pakistan, Bangladesh, Middle East, Indonesia with huge opportunity to move into other countries. - 35% of the business comes with $100k + credit facility.
More advertising, needs motivated vendor who can expand transfers into other countries and establish more agencies throughout Australia.
4,000 + active customer database. - Very well known in the marketplace. -Very simple operation - Franchisor provides training and monitoring.
Small first floor offices, fully computerised, air conditioned
Busy Inner West shopping village
Sydney -5 days - Mon. - Fri. - 9.30-7.30 p.m. Adelaide - 6 days.
Sydney casual lease, easily relocated.Adelaide 5 years + 1 year
1 full time owner operator in Sydney, 4 full time back office software developers (Pakistan). Adelaide 1 x agent contractor (supervise agencies)
Walk in customers pay cash. - Deals mostly with customers who do account transfers - phone and email service. - Full identification required from customers under $1,000 transferred - no ID, over $1,000 transferred , must keep a copy of the ID. - Pakistan office operates 7 days. - Business must be licensed and comply with ethical standards. - Sub-agency agreements are continuously renewable every 2 years as long as performance achieved. - Transactions per week above are $208,333. - Net profit reflects commissions to the franchisor. - Vendor can show bank statements and money transfer statements to verify figures. - Pakistan based software development team only cost $1200 per month.
Weekly Sales $208333
Rent (ex GST) $750
Agent SBX Code Number: GJ1275 - SBX Business Brokers
- Business Category: Food/Hospitality
- Business Sub Category: Takeaway Food
- Business Lease: $26,000.00
- Attached Dwelling: YES
- Copy Of Title: 1
- Expenses: $10000
- Earnings Before Interest Tax: $1100000
- Business Selling Price: $300000
- Business Property Price: $300000
- Property Selling Price: 300000
- Trading Hours: 9am-5pm mon-fri.
- Franchise Agreement Fees: NO