SOLD – AWARD WINNING PIRTEK FRANCHISE SYSTEM

The offering: A PIRTEK Fluid Transfer Solutions Franchise, Northern Territory (NT)

This Franchised Business is a member franchise of the National Pirtek Fluid System Franchise Group, a market leader in fluid transfer solutions operated by Pirtek Fluid Systems Pty Ltd

The Franchise:

* Established in May 2004.

* Client base consists of: High level participation with major industry groups including but not limited to; Manufacturing, Mining, Oil and Gas & Industrials, all groups have maintained a long term loyalty to the Brand & to this Franchise.

* Major expansion opportunities exist for the right Buyer.

* The Northern Territory was ranked as Australia’s best-performing economy in FY’s 2012 and 2013. A very recent ‘State of States Report’ ranks the NT as the country’s best performing economy followed closely by Western Australia.

* Performance summary of this Franchise:

* Average monthly Sales exceeding $179,000 (approx. $2,153,000 annual; rate).

* Gross Profit Margins exceeding 56% consistently over the past 4 years.

* EBITA (Net Profit) to Owner/manager per annum rate based on the first 9 months FY2014 approx $424,000 pa rate.

* Has a well equipped modern workshop with up to date equipment & vehicles.

* Has a secure new lease available with options.

* Have five (5) experienced staff covering accounts/admin; on-site workshop manager; two (2) Mobile Sales / Service Technicians.

* Strong loyal established customer data base.

* Quality training and handover will be provided.

* Price: $847,893.00 plus stock of circa $252,107.00 + WIP

* Indicative Return on Investment in the Franchise business and stock approx 35% based on EBITA (after owner’s remuneration and depreciation).

This is an outstanding opportunity for a hands-on owner/manager to take over this well established business located in a very strong high demand commercial / industrial environment giving the buyer an opportunity to elevate this business to one of the leading Pirtek Franchises in Australia.

Ownership Requirements: The buyer will be required to lodge a Franchisee Application with Pirtek Fluid Systems Pty Ltd. The buyer will also be required to be able to meet the financial obligations that the proposed transferee would have under the sale & purchase agreement; AND to meet Pirtek Fluid Systems Pty Ltd’ requirements in relation to ability, experience, compatibility generally necessary to operate the Franchise Operation, or have the necessary skills or ability to pass to Pirtek Fluid Systems Pty Ltd’ satisfaction the initial training program; AND the proposed transferee meeting the selection criteria of Pirtek Fluid Systems Pty Ltd.

Meaningful disclosures will be provided upon receipt of a completed and signed non disclosure agreement.

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