Summary of Operation:
CHIPS video games stores buy, sell, trade new and second hand consoles, video games, DVDs and accessories.
Ideal Franchise Owner:
Enthusiastic, self motivated, people person who will get a buzz from this exciting industry.
Training Provided:
Pre and post opening, ongoing.
Training Location:
North East and on site.
Support Services:
In house and consultants.
Year Established: 1986
Year of First Franchise: 1999
Number of Company Outlets: 8
Number of Franchised Outlets: 12
Franchises Planned:
Areas of Priority Development: All
Overseas Opportunities Exist: None
Overseas Opportunities Planned: None
Total Cost of Franchise: £62,950 excluding vat.
Initial Investment: £80000
Management Service Fees Payable: Management 7%, marketing 2%, stock dist. 1%
Breakdown of Package: All pre and post opening support, training, marketing, shopfit, stock.
Financial Assistance Available: RBS, Bank of Scotland, HSBC, NatWest.
BFA Member: No
IFA Member: No
| Projected Turnover | Projected Profit |
|
|---|---|---|
| Year 1 | £195,000 | £27,000 |
| Year 2 | £250,000 | £39,000 |
| Year 3 | £300,000 | £45,000 |
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