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Car Wash In Pretoria East Shopping Centre
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Business For Sale


BUSINESS FOR SALE OVERVIEW


Car Wash is popular Pretoria East shopping centre and that is safe and secure, being under cover also means that the rainy weather has less of a impact on the business than open car washes. This is ideally suited to a owner run operation or alternatively to put a manager in the business.


BUSINESS SELLING DETAILS

  Selling Price     245,000   Turn Over Per Month     39,491
  Stock Included 500   Profit Per Month 21,971
  Assets Included  60,000   R.O.I %  107%
  Total Price   245,500    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  Car Wash is popular Pretoria East shopping centre and that is safe and secure, being under cover also means that the rainy weather has less of a impact on the business than open car washes. This is ideally suited to a owner run operation or alternatively to put a manager in the business.
When was the business established?  2015
How long has the owner had the business?  The current owner bought the business in 2017
 How Does The Business Operate
How does the business operate on a daily basis The business is run by the owner on a daily basis
How are the clients attracted to the business? Passing trade and word of mouth
What Advertising/Marketing is carried out? Advertises on Social media
Does the business have any contract work? No
What competition exists? No direct competition and then just the normal for the industry in the surrounding areas
Seasonal Trends? The rainy season can have an affect on the business but it is also under which greatly helps
 Financial Information
Vat Registered?  No
Vat Documentation on File?  Not registered
Management Accounts? Yes
Audited Financials? Management Accounts as at December 2017
What as Cash/Credit Split? Seller to provide
Debtors Book Age Analisys There are no debtors
How can you improve the profitability? Loyalty program, Bigger advertising in the mall, restrict the pensioners discount which is currently available every day
 Is Seller Finance available and if so what is it? No
   Staffing Of the Business
What is the total number of Staff? Three staff members and two casuals when needed
Staff Breakdown 1 x Driver supervisor (Licensed)
1 x driver (no license)
2 x General staff for washing, vacuuming, etc.
Staff Special Perks and Bonuses?  No
Are the staff on Contract?  No
Does any of the staff have management potential? Yes the supervisor
How involved is the Owner in running the business? The owner runs the business
  Premises Of the Business
When Does the Current Lease ends? 31 July 2020
Is there an option to renew? Yes for three years
What is the annual escalation % 8%
What are the Trading Hours? 08:00-1800 Mon to Fri
08:00-16:00 Sat and Sun
What is the square meters? Seller to confirm
Is a copy of the lease available? Yes
Do You require a license? No
 Assets Of The Business
Full Asset List available? Seller will supply an asset list
 Anything not included in the sale? Model cars displayed at the business are the sellers private property
 What is condition of the assets Excellent
Note one of the High Pressure cleaners requires repair which will be for the buyer as the seller is not using it
 Any Assets on Lease/HP that Buyer needs to take over?  No
 Are they insured at the moment?  Yes
  SWOT Of The Business
 STRENGHTS Great location in an above average income area with a great tenant mix in the complex
 WEAKNESSES Requires more signage
 OPPORTUNITIES Marketing, loyalty programs, etc.
 THREATS None identified
 Summary
Why is this a good business Well established in a good centre with great potential, especially as a owner run business
Why is the owner selling it? The seller finds that the business is not challenging enough for him and is bored


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