AM Online

For sale... ChipsAway on eBay

Businessman John Hopkins has put his car repair business up for sale on eBay. He decided to sell his ChipsAway franchise in Cornwall due to ill-health.

After advertising it through a business agency with no success, he put it on eBay, with no reserve.

“If I don’t sell it soon, anything I get will be eaten up in running costs,” says Hopkins. He has held the franchise for 18 months and invested £40,000. But since suffering a back injury, he’s been unable to work, while still paying monthly fees of £200 for the franchise and £329 for leasing the fully-equipped van.

Hopkins says in the first year gross profit was around £25,000 and weekly turnover regularly exceeded £800 to £900, with costs of £250. He says some franchisees regularly turn over £1,200. Bids started at 99p and were continuing as AM went to press.

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Comment as guest


Login  /  Register

Comments

No comments have been made yet.