Summary of Operation:
Modern style, traditional values pawnbroking/cheque cashing and allied services.
Ideal Franchise Owner:
Training Provided:
Three weeks
Training Location:
Stockton on Tees
Support Services:
Full ongoing
Year Established: 1994
Year of First Franchise: 1995
Number of Company Outlets: 40
Number of Franchised Outlets: 9
Franchises Planned: 50
Areas of Priority Development:
Overseas Opportunities Exist: Nil
Overseas Opportunities Planned: Europe
Total Cost of Franchise: £185,000 - £250,000 + VAT
Initial Investment: £100000
Management Service Fees Payable: 1% quarterly
Breakdown of Package: Package fee £12,500, shopfit £10,000, equipment £5,000, loan book fund £50,000 approx.
Financial Assistance Available: NatWest, Royal Bank of Scotland
BFA Member: No
IFA Member: No
| Projected Turnover | Projected Profit |
|
|---|---|---|
| Year 1 | 50k | b/e |
| Year 2 | 75k | 10k |
| Year 3 | 100k | 50 to 100k |
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