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Very Busy Car Wash With Licensed Coffee Shop
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Business For Sale


BUSINESS FOR SALE OVERVIEW


Very busy Car Wash with licensed coffee shop for sale. The business is extremely well located next to a filling station in a residential area. The business has agreements with vehicle repair businesses and car rental companies. The licensed coffee shop attracts additional business as customers can have something to drink and eat while they wait for their cars to be washed. Great return on investment.


BUSINESS SELLING DETAILS

  Selling Price    194,000   Turn Over Per Month     74,166 
  Stock Included 6,000    Profit Per Month 14,514
  Assets Included  50,000   R.O.I %  52%
  Total Price  250,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  Very busy Car Wash with licensed coffee shop for sale. The business is extremely well located next to a filling station in a residential area. The business has agreements with vehicle repair businesses and car rental companies, ensuring additional commercial income as well. The licensed coffee shop attracts additional business as customers can have something to drink and eat while they wait for their cars to be washed. Great return on investment. Extremely well run car wash with licensed coffee shop. The seller has increased business by getting commercial customers such as car rental agencies.
When was the business established?  2008
How long has the owner had the business?  The current owner bought the business in 2011
 How Does The Business Operate
How does the business operate on a daily basis  The business is run by skilled staff with a manager and an assistant.
How are the clients attracted to the business?  The business is extremely well located in a residential area next to a filling station. The seller has canvassed additional business apart from walk in business. The licensed coffee shop attracts additional business as customers can have something to drink and eat while they wait for their cars to be washed
What Advertising/Marketing is carried out? None
Does the business have any contract work?  There are arrangements with vehicle repair businesses and car rental agencies
What competition exists? None in close proximity
Seasonal Trends?  The business is busy throughout the year and it’s only quieter on rainy days, however they then come with their car later because of the rain.
 Financial Information
Vat Registered?  No
Vat Documentation on File?  Not registered
Management Accounts?  Yes
Audited Financials?  No, only management accounts
What as Cash/Credit Split?  70% is cash and 20% is card and 10% credit
Debtors Book Age Analisys  30 days for 10% of Turnover
How can you improve the profitability?  Marketing and introducing a loyalty program. Increase the store offerings along the lines of a convenience store as well as pizza slices, cigarettes, etc.
 Is Seller Finance available and if so what is it?  No, cash sale
   Staffing Of the Business
What is the total number of Staff?  13 staff members including the manager.
Staff Breakdown  1 Managers, 2 Teams of 6 plus one extra
Staff Special Perks and Bonuses?  No
Are the staff on Contract?  No
Does any of the staff have management potential?  Yes. Manager in place
How involved is the Owner in running the business?  Owner spends about 1 hour per week in the actual business
  Premises Of the Business
When Does the Current Lease ends?  Lease end in Jan 2016
Is there an option to renew?  Yes for 1 years, thus 2017 and every year thereafter
What is the annual escalation %  10%
What are the Trading Hours? Mon - Sun 7:00 - 17.30 pm, but because of the liquor license the option is there for the business stay open later to accommodate for people visiting the coffee shop
What is the square meters?  
Is a copy of the lease available?  Yes, on file
Do You require a license? Liquor license in place, but is in the name of the landlord. The seller pays a "royalty" of R1,500 pm for the use of the license (In the rent)
 Assets Of The Business
Full Asset List available?  Yes, owner will provide
 Anything not included in the sale?  No, everything is included
 What is condition of the assets  Good, none needs repairing
 Any Assets on Lease/HP that Buyer needs to take over?  No
 Are they insured at the moment?  Yes
  SWOT Of The Business
 STRENGHTS Well located and run business.
Liquor license
Store and restaurant
 WEAKNESSES  Owner cannot give it personal attention
Long hours
 OPPORTUNITIES Owner run
Marketing and advertising
Increased stock range
Open later to make better use of the liquor license
 THREATS  None identified
Lease
 Summary
Why is this a good business Well established , well run, well located business
Why is the owner selling it? Owner is busy with other ventures


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have viewed this page since 30 April 2015