Scroll To Top

Local Appliance Rental Franchise Resale Opportunity for Sale

Leeds, West Yorkshire
Status
FOR SALE
Advert ID
254968
Reference
SMSB/LARLEEDS / Rightbiz
Asking Price: £47,700
Annual Net Profit: Available upon request

‘South Leeds’ Local Appliance Rental franchise has proven history of strong success. It began 4 years ago has received over £213,000 in gross earnings and is awaiting a worthy operator to take over from the exiting owner who is retiring. It has territory size of 250,000 people and is located in a prime location with the ideal demographic in high concentration for this business model.  It is being marketed for sale due to owner retiring. Earnings to date have been an impressive £213,000 in total from over 400 customers however due to retired operator, the book has been collected almost in full.  However, there are 400 customers on the database, many of which would love to know there is a new operator in town!  The new owner could also ‘cherry-pick’ prime customers historically and leverage this very well-established book back into its previous peak monthly earnings of £7,000 back in November 2017.   The new operator will benefit from an existing database and a territory size DOUBLE.  South Leeds ranks in the top 5% of high earning potential territories due to the target demographic. 

LAR franchises provide an affordable consumer leasing service with a ‘Gift it’ offer at end of term, helping families to access the latest appliances, TVs, furniture, gaming consoles and much more.  Millennials are well known for ‘PAY AS YOU GO’ consumers and already, Local Appliance Rentals has signed over with close to £20mn in contract value from circa 15,000 customers across the UK.  Business is booming!  The Stoke-on-Trent franchisees have recently reached their £1Million milestone in turnover after 4 years and couldn’t be happier now owning 4 territories proving the business model.

The Stoke franchisees have had significant support from a Head Office finance facility to help them build their loan books and their future is looking very bright. Their holidays are regular, enabling them to maintain lifestyle and keeping their sun-soaked tans topped up with their families abroad as reward for effort!

The LAR franchise model is established for 10 years with a network of 150 franchisees globally (30 are in the UK) and is highly profitable for the full-time dedicated operator with no experience necessary other than work ethic and a burning desire to succeed.


The Benefits of a Local Appliance Rental Franchise:

  • Passive earnings, huge future resale potential thanks to a highly valuable asset base
  • Proven business model with minimal overheads
  • Scalable Franchise
  • Home-based business. Unlike most consumer-facing franchises, our business model doesn’t require a retail presence
  • Work / Life balance. Picking the kids up, golf or holidays, you are your own boss!
  • A business your family can rely on.
  • Can be operated under management, providing even greater freedom after first 12 months.
  • Franchisor Support at Head Office is always on hand to provide both operational, marketing support and manages all FCA regulatory requirements so that you do not need to.  The UK Operations Support Manager has been a successful franchisee, to ensure you are in great hands!

"In 4 years, we have written over 1250 contracts, received over £1mn in gross rental receipts from our customers, helped many other franchisees and we now own 4 franchised territories.  Head office have helped us all the way with finance to help build our books and we look forward to a bright future.  Highly recommended for committed parties looking for ultra-high growth " (Andy Witham – Hanley Franchisee of 4 years. Multi-unit franchisee.)

LAR franchises are best suited to personable operators, ambitious and passionate towards growth. Non-tangible asset territory value is £39,000 plus goodwill of this business (including the existing rental book and all previous 440 customers) is valued at £60,000. This has been discounted for quick sale to £47,700 which stands at exceptional value and will not last long.

More information can be found at: https://franchiseresalesbch.co.uk/.

This business is being marketed by www.sellmysmallbusiness.co.uk and enquiries shoudl be directed to info@sellmysmallbusiness.co.uk

Listing Details
Location: Leeds, West Yorkshire
Sector: Franchise Resale Businesses, Service Franchise Resales Businesses, Debt Business
Key Features
  • Home Based
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: SMSB/LARLEEDS / Rightbiz

RightBiz Premium Buyer Feature

Get quicker responses by directly contacting the seller through telephone number or email. Learn more about paid memberships →
Listing Statistics
Impressionsi: Upgrade to view
Enquiriesi: Upgrade to view
Interestedi: Upgrade to view
Watchingi: Upgrade to view
Date Ad Submitted: Upgrade to view
Last Viewedi: Upgrade to view
Last Updatedi: Upgrade to view
Last Enquiry Received: Upgrade to view

RightBiz Premium Buyer Feature

See how much interest every advert is receiving by viewing full advert statistics. Learn more about paid memberships →
Register and contact seller.
By submitting this form, you confirm that you agree to our Terms and Conditions and Privacy Policy.
* required fields
Request More Details
Or, arrange a viewing
Contact the seller for more details, or book a viewing

Related Businesses for Sale

Retail Franchise Resales Businesses
Disclaimer
The data showed regarding this advert 'Local Appliance Rental Franchise Resale Opportunity for Sale - SMSB/LARLEEDS / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.
Find out more about the business by contacting the seller