Cash Converters Buys Balcatta Store
Perth-based Cash Converters International has bought the Balcatta franchise for $1.2 million and opened two new stores in the United Kingdom.
The Balcatta store was purchased from an existing franchisee for a total price of $1.18 million, which included assets of $420,500.
The acquisition price represents an EBIT multiple of 3.09 times.
The acquisition of this store is anticipated to increase the company’s EBIT by approximately $ 381,575 in its first full year of ownership.
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