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Pretoria East Car Wash in Upmarket Centre
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Business For Sale


BUSINESS FOR SALE OVERVIEW

Car wash in Pretoria East in a upmarket centre with great potential, current owners don't have the time or resources to get to the business.


BUSINESS SELLING DETAILS

  Selling Price     295,000   Turn Over Per Month     32,426 
  Stock Included 2,000    Profit Per Month 8,122
  Assets Included  33,500   R.O.I %  33%
  Total Price   295,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  Car wash in Pretoria East in a up market centre with great potential, current owners don't have the time or resources to get to the business.
When was the business established? Since October 2015
How long has the owner had the business? The owner established the business
 How Does The Business Operate
How does the business operate on a daily basis The business is run by the staff as the owner has other businesses to run and cannot get to the business, this means that there is excellent opportunity for a involved owner to improve the profitability of the business.
How are the clients attracted to the business? Passing trade and word of mouth
What Advertising/Marketing is carried out? None
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 quieter months are November, December, January and April, then the rainy season can also affect business.
 Financial Information
Vat Registered?  No
Vat Documentation on File?  Not registered
Management Accounts?  Yes
Audited Financials? Multiple business are run under the same Pty Ltd the figures will not be applicable, use the management accounts
What as Cash/Credit Split? 100% Cash
Debtors Book Age Analisys There are no debtors
How can you improve the profitability? Owner involvement, Loyalty program, 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? 6 Staff members
Staff Breakdown 2 x Drivers/Supervisors
4 x General staff, washing, vacuuming, etc.
Staff Special Perks and Bonuses?  No
Are the staff on Contract?  No
Does any of the staff have management potential? Already in place
How involved is the Owner in running the business? The owner is not involved in running the business which is a problem
  Premises Of the Business
When Does the Current Lease ends? The current lease is three years and ends September 2018
Is there an option to renew? Yes for three years
What is the annual escalation %  10%
What are the Trading Hours? 07:00 - 18:00 Monday to Thursday
08:00 - 17:00 Friday to Sunday
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? Yes, all assets are on the list
 Anything not included in the sale? The assets of the business are the ones on the asset list
 What is condition of the assets Excellent, Ongoing repairs and maintenance is carried out
 Any Assets on Lease/HP that Buyer needs to take over?  None
 Are they insured at the moment?  Yes
  SWOT Of The Business
 STRENGHTS Great location in above average income area, Great tenant mix in the complex
 WEAKNESSES Signage is lacking
 OPPORTUNITIES Marketing, Owner involvement and supervision, Loyalty programs, etc.
 THREATS None identified
 Summary
Why is the owner selling it? The seller does not have time to attend to the business due to their other businesses commitments.


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have viewed this page since 19 May 2016