Search Results from Biz.for.Sale - Full detail for a Single Listing  
 

Quit Smoking franchise for Cape Town and Suburban areas.

 

PROFILE    
Description:    I Quit Smoking is an international franchise network in approx. 40 countries worldwide. Using ancient Chinese reflex points and modern technology smokers are helped to quit in just a couple of sessions. There are currently 13 franchises in South Africa. On offer are two existing franchise licences in prime areas - Cape Town Central and Suburban areas. There are no management or marketing fees.
Industry / Sector:    Services - Body and Health
LOCATION    
State / Province:    Western Cape RSA
City / Town:    Cape Town
Location / Area:    City Centre and Suburbs
Portability:    The treatment centre can be located anywhere within the franchise area, which is quite vast in the case of both franchise licences available.
PRICE    
Asking Price:    R 50 000
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 20 000 per month
Profit:    R 4 000 per month
Annual Return:    96 % per annum
No. of Staff:    0
Year Established:    2013
Legal Persona:    Sole Proprietorship
Other Information:     
FRANCHISE AREAS
The buyer would operate in the following areas:
Cape Town Central: Includes Pinelands, Gardens, City Bowl, Greenpoint, Sea Point, Camps Bay, etc

PREMISES
Cape Town : No premises under lease. Buyer to establish new treatment centre in a suitable location

ASSET STRUCTURING
The RISE equipment and software was imported from Europe in late 2013 at a cost of approx. ZAR 200 000 for each franchise area.

STOCK VALUATION
There is no stock other than minimal numbers of the Smart Cards used for each client having a treatment. These are valued at ZAR 450 each.

STAFFING
No staff is required if treatment centre is to be run by the new owner. If part of an existing operation it may be necessary to employ a therapist.

NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT
No specialist skills are needed. However, a caring and supportive attitude is needed by the therapist to assist and counsel smokers in the cessation period of the treatment.

MARKET and CUSTOMERS
IQS International is a franchise network with some 400 treatment centres around the world in 40 countries. There are a number of competitors in the field - hypnosis, patches, e-cigs, acupuncture, drugs, etc. However few, if any, can claim the level of success enjoyed by IQS. Marketing requirements are fairly minimal with word of mouth being the best promoter of the service.

Bestmed Healthcare Scheme recently included IQS in their Rewards Programme. Learn more about the franchise brand at : http://iqsintl.com/

OPPORTUNITY for GROWTH
A connection with any kind of health care facility or medical practitioner would be valuable. Getting medical practitioners or health care clinics/pharmacies to endorse and promote the programme.

LIFESTYLE ISSUES
Trading hours are normal office hours with the occasional Saturday morning.

REASON FOR SALE
The current owner is selling the franchise because he has become involved in a major overseas project that is, and will continue, to take all his time and effort, and he does not have the time to develop the business potential of the franchise

AVAILABILITY of AUDITED FINANCIALS
The franchise only commenced operation in late 2013, and there are no year-end financials available. However, there are basic management accounts which outline the income and expenses.

DUE DILIGENCE
No due diligence has been done as yet. See comment above (re: financials)

SALE CONDITIONS
No finance is available from the seller.

PROOF of FUNDING REQUIREMENT
This is a cash sale. The high tech equipment will be handed over to the new buyer and ownership and liability will pass to the new buyer on payment.

HANDOVER ARRANGEMENTS and TRAINING
There will be a pre-handover training session and all operating guidelines as per the Master Franchise will be handed over to the buyer.
 

 

Access a ''Contact Form'' where you can provide your own contact details and ask any relevant questions. The form will be sent directly and immediately to the seller of this business.
Record ID: 2511
[BizForSale HOME Page]     [Filtered Search]     [Suggestions]

www.bizforsale.co.za       Copyright 1998 - 2018©       info@bizforsale.co.za