Your Investment
Your initial investment in a franchise depends on what you are actually buying.
For a Virgin Territory (a Greenfield site) which has not been developed by Touch Up Guys, the investment package can be broken down as follows:
Investment Breakdown
| Territory Assignment |
$31,500
|
Training Package
(4 to 5 week induction program) |
$9,000
|
Full Van Fitout
(including Piant, Equipment & Stock) |
$25,500
|
|
Subtotal
|
$66,000
|
|
GST
|
$6,600
|
| Total (Inc GST) |
$72,600
|
In addition to this you will also need a new Toyota Hi-Ace LWB for which Touch Up Guys have access to exceptional pricing with the backing of Toyota Australia's Gold Fleet program.
This makes your total investment around $100,000 inc GST (excluding Working Capital). It is also important to note that the initial GST payment of $6,600 can be claimed on your first Business Activity Statement (BAS).
The investment represents true value considering the business package offers three core service businesses (being a mobile paint, mobile bumper & plastic and mobile vinyl repairs) as well as access to many new and exciting income streams such as Reverse Safety Sensors, Exterior Detailing, Retail Products, Paintless Dent Removal and the list goes on. There are many ways Touch Up Guys Franchisees can maximise their return on investment.
For an Existing Franchise the investment level will vary from a Virgin Territory in a number of ways. Established customer base, post induction training support, age of the Van operation and in general what is being offered all combine to create an individual investment package. All details for existing business will be clearly outlined during the due diligence process. |
