Summary
FIX 'N' CHIPS repair kitchen and bathroom surface defects for builders, real estate agents and private customers. After 5 years of consistent performance the Melbourne East territory is for sale.
Location Details
Melbourne East
The territory covers from Balwyn in the North to Mentone in the South, from Hampton in the West to Wheelers Hill in the East. It has an population of ~850,000 people (the highest population of any territory) and ~350,000 dwellings.
About the Opportunity
$190k a year for five years. Zero business development. Reliable lifestyle business, with plenty of opportunity for growth.
FIX 'N' CHIPS Melbourne East is a simple, mobile, owner-operated business with no shopfront, and it's for sale. For a limited time only, as once it's sold, the area is no longer available.
What you're buying:
- 5 years of consistent $190k revenue, from a reliable lifestyle business, with P&Ls to prove it – including taking at least January off each year.
- Potential owner's earnings above 70% of revenue on a 5-year average: over $130k a year on average, including salary, super & possible add backs.
- The largest population of any territory in the group
- Established builder relationships generating repeat work
- Creative, specialist work that earns 5-star Google reviews
Where the growth is:
- No business development in 5 years
- A $250k group average revenue
- Room to add subcontractors, as other franchisees have recently done
- Initial analysis suggests the territory is large enough to split and sell half later
The owner works five days a week at about 2-3 jobs a day, and is selling for family reasons.
$238,400 including GST. That covers the goodwill, franchise fee, training, ongoing Head Office support and a $20k tool and equipment package at half price. The $10k tool saving ends 31 December. A sign-written well kitted-out vehicle is available for additional cost if needed.
Existing franchisees are already looking to take this territory on. We're talking to outside buyers to find the right owner to join a positive national group of likeminded people.
If you're good with your hands and have a can-do attitude you will excel in this business. The current franchisee started with no trade experience whatsoever after a 25-year career in advertising. Excellent training, ongoing support from Head Office and a supportive team of other franchisees mean any motivated person can succeed.
If you're interested please contact Fix 'N' Chips Managing Director Tom Summons on 0475 422 466.
Marketing support
You have access to a well-known and recognisable brand in the construction industry, with a centralised website and 1300 contact number to help generate leads, with Head Office support to filter the suitable ones through to you. In addition, there is a small monthly contribution of $165 that goes towards Google AdWords to generate inbound leads with no additional cost per lead.
As an established area, Melbourne East has strong relationships with key builders and clients, with the opportunity grow further with help from Head Office.
Training provided
Don't know anything about chip repair? No problems!
We have a comprehensive training program starting with two weeks in our Head Office warehouse learning and doing chip repairs (it's quite addictive!). You will then spend a week with two different existing Franchisee's in their territory, followed by a week of introductions with our Managing Director. Plus, you'll also get a comprehensive handover from the selling franchisee, who has excellent data and systems in place.
You'll be a confident chip repairer in no time!
Skills
As a mobile service business, customer experience is key. It's important you know how to build long-term relationships by providing a high level of customer service (reliable, responsive and easy). In addition, as a small business owner it's important you can manage the various tasks to keep your business operational - answering calls, following up emails, sending invoices etc. Lastly, providing high quality repairs. Do you complete projects at home? Are you practical? Do you like learning new things? If so, we can train you on the rest.
Length of Agreement
We offer 5 year agreements with the option to renew for a further 5 years. We have franchisee's that are young and getting started, as well as those who have had a wealth of experience and looking for more control and balance in their later years.
Year Business Established
2005
Year Franchising Commenced
2013
Site locations
19
History
FIX ‘N’ CHIPS started in Melbourne in 2005 and soon identified that builders increasingly value the repair quality, experience, and reliable service provided by FIX ‘N’ CHIPS.
In 2013 the business started franchising to better address the unmet demand of the industry, Australia wide.
Each franchise has been modelled on an established formula providing franchisees the opportunity to learn new skills, support their chosen lifestyle and provide a solid income.
FIX 'N' CHIPS is a member of the Franchise Council of Australia.
Awards
FIX 'N' CHIPS were a finalist in the 2018 Franchisor Business of the Year Awards.
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