CHIPS ARNOLD
Business: Vibrant, well-established video games store, part of the largest independent video games chain in the UK.
CHIPS Arnold
This is a retail business which stocks new and second-hand games consoles, games and accessories. The store sells Sony, Microsoft and Nintendo products such as Playstations, Xboxes & Wii, along with handheld products and retro.
This is a fun, fast-moving and challenging business. Retail experience is not essential – as full training will be given – but you do need enthusiasm, a positive attitude and commitment.
The vendor has built the business up from scratch since it opened in 2002, winning Franchisee Of The Year Award on two occasions.
Counter at CHIPS Arnold
The store is a franchise operation and any buyer will have to enter into a franchise agreement and operate the business as part of the franchise group. CHIPS offers a tried-and-tested formula and there are approximately 30 stores in the chain which stretches across the UK.
For information on how the franchise operates visit www.chipsworld.co.uk
Location: A busy high street with a good mix of local and national retailers. It is located in Arnold, Nottingham. In the vicinity there are a number of leading retailers including Argos, W H Smith, Asda & Blockbuster
Franchise: The purchaser of the business must successfully complete CHIPS Franchise Ltd’s franchise recruitment procedure and receive a formal offer as a franchisee prior to the sale going ahead.
Inside CHIPS Arnold
Financial Details: The estimated turnover £300K, working on a gross profit margin of 30%.
Accounts: Three years accounts will be made available to interested parties.
Staff: The business is currently run by the franchisee and daughter. Note any new franchisees must work in the business full-time for the first year.
Property Details: Immaculate store, maintained to the highest standard.
The store is 78 sq mts and has front entrance onto Croft Road. There is also kitchen/WC and back office.
Fixtures & Fittings: The price includes all operational fixtures and fittings. These include a full EPOS system, till and electronic display system linked to CHIPS headquarters which provides and collects data.
Inside CHIPS Arnold
There is also:
PerfectPlay repair machine and equipment
Sony incorporated Playstation display wall including a 42” Sony HD Bravia TV
23” wall mounted Sony TVs
CCTV camera and TV and Video Recorder
Printer
Fridge
Heater and fans
Vacuum Cleaner
- Lease Details: The lease is currently £18k per annum. Further information on request.
Price: £ 50K for goodwill, fixtures and fittings PLUS stock at valuation – estimated around £20K – Total around £70K, includes training and all company & landlord legal fees.
Inside CHIPS Arnold
With a brand new CHIPS store estimated to cost £70K inc VAT, the franchisee feels this is an excellent reasonable price for a store with eight years trading history and an established customer base.
ADDITIONAL INFORMATION: The buyer will be responsible for their own legal fees regarding franchise and property agreements. They will also be responsible for bringing the store up to the current acceptable standard of a CHIPS store. It should be noted that this is an extremely well-run, clean store and any “upgrade” is expected to be minimal.
DISCLAIMER: These details are intended as a guide only and do not form part of a contract with Mr M Smith, CHIPS Franchise Ltd, Darkplains Ltd or any other supplier of goods or services. The information is not a guarantee of profit or performance and is intended for use by potential buyers and their advisors.
CONTACT: For further information contact Mike Smith on 0115 9209991 or 07737717355 or CHIPS Franchise Ltd on 01642 227348
