VENDOR KEEN TO SELL VENUE SMART FRANCHISE WITH HUGE TERRITORY (NW SUBURBS)

Industry: Professional - All, Professional - Brokerage, Professional - Internet, Professional - Property/Real Estate, Technology - Online Services, Professional - All, Professional - Brokerage, Professional - Internet, Professional - Property/Real Estate, Technology - Online Services | Listed by: No Agent Business


Key Strengths:


About the business

Phone enquiries - please quote property ID 27324.

VENDOR KEEN TO SELL!

This is an excellent opportunity to purchase an existing Venue Smart Franchise with existing machines in place producing an income. Huge potential to grow with unlimited potential and multiple revenue stream opportunities.

Venue Smart work closely to help business and events improve customer retention, maximise profits and reduce outgoing expenses. Some of Venue Smart’s more popular categories include;
• ATMs (for use in venues, convenience stores and or events)
• EFTPOS terminals (processing of digital card payments)
• Australian certified coin-operated breath-testing machines
• Point of Sale Systems

ATMs
The requirement of independent ATMs are on the rise as major banks continue to cull their branches. This business currently has 5 ATMs, one is owned and 4 are leased (leases are transferrable to the new owner). There is a huge opportunity to expand. This franchise has a huge territory which includes Brimbank, Maribyrnong and Hume which collectively has a resident population of over 500,000.


EFTPOS Terminals
This franchise includes the rights to be able to sell EFTPOS products/terminals which is not territory bound, therefore has a huge opportunity to expand. There is a significant increase in the number of electronic payments. One significant factor for this increase is the high-volume small purchase PayWave and PayPass transactions. The EFTPOS system with Venue Smart has lower merchant fees than banks. Every EFTPOS system you sell you will get a trailer for!

Australian certified coin-operated breath-testing machines:-
This franchise has 6 breath-testing machines. More can be obtained for new customers brought it.

Other opportunities for the future as Venue Smart has partnered with the world’s first Digital Currency Payment Gateway. B4U Financial has entrusted Venue Smart to represent the Visa and Mastercard equivalent for the Digital Currency space. B4U Financial’s payment gateway is capable of liquidating digital currency from any electronic wallet in 4-5 seconds.
The B4U Financial gateway is available across e-commerce, virtual terminals, and ATM withdrawals.

As a franchise, there is a monthly charge to the franchisor of $595.00 which covers advertising for the business and also annual conferences.
This franchise is selling at a FRACTION OF THE COST of buying a new Venue Smart Franchise which is normally $50,000.

The owner is open to negotiation for the purchase of this existing Venue Smart Franchise and will consider all reasonable offers.

DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist business owners who are looking to sell their own business without paying any broker commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.
Know someone that could be interested in this?
Asking Price:
$15,000
Yearly Profit :

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Country

Australia

State

Victoria

Suburb

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Postcode

3000

Locality

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Established on
1999

Revenue

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EBITDA

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No. of employees

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Lease period

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Stock

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Contact Details Verified

Email Broker Verified

Advertiser Details
Company Logo
Victoria
Australia
Thinking of buying this business?

Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. So before you make that offer, there’s a few things you should consider to determine whether or not this business is right for you. In a nutshell these include:

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  • Have you done enough research - industry analysis, competitors, revenue and so on
  • Ask the seller some questions - reasons behind the sale, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified etc
  • Make sure it’s the right business for you!

In a nutshell, a business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met. Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private.

Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.

Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. Once satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. Here you can also invite any advisors, brokers or lawyers you may have to help make the deal happen. You can even enlist Eden’s personal network of buying professionals to assist you with the entire buying process.

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