Cash Wash For Sale,Pretoria Business For Sale
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Car Wash In Busy Centre For Sale
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Business For Sale

BUSINESS FOR SALE OVERVIEW

Car wash located in an extremely busy shopping centre for sale. The business has a captured market and is growing month onCar Wash For Sale month. The business washes +- 1600 cars per month and +/- 250 valets per month. The business has 2 wash bays equipped with grease traps.



Fitment Centre For SaleSELLING DETAILS

Selling Price

1,500,000

Turnover pm

155,520

Stock

0

Profit pm

48,309

Total Asking Price

1,500,000

Nett Assets Incl

512,000






Pretoria Business For Sale



MANDATE REPORT

1. History Background

Fully describe the business's activities

Car wash located in a very busy shopping centre. The business also does valet work for +/- 9 car dealerships. The business operates from the under roof car park area and has 2 wash bays fitted with grease traps. The car wash washes +/- 1500 cars a month and between 5 and 10 full valets a day

How long has the business been established?

4 Years

How long has the owner had the business?

Owner started the business.

What steps are in place to solve "load shedding" problems

None

2. Present Market

How does the business operate on  a daily basis

The business has a captured market and also does work for numerous car dealerships

How are the clients attracted to the business

Visitors to the centre wash their cars at the car wash while doing their shopping

What Advertising/Marketing is carried out

None

Does the business have any contract work

None at the moment, but the owner has been approached from one of the government department to wash their fleet of vehicles, they have a 10 year lease with 60 cars and are using the car wash and paying cash. This increased business will be to the benefit of the new owner.

What competition exists

No real competition in the area

What are the seasonal trends

None perceived.

3. Financial

Is the business VAT Registered

Yes

What VAT documentation is on file?

With accountant

Are there up to date management accounts?

Yearly financial available, but not on file.

What audited financials are available, income statement and or balance sheets?

Yearly financial available, but not on file.

What percentage of the business is cash/credit?

60% cash 40% EFT from dealers

What is the age analysis of the debtor’s book?

N/A

How could the profitability of the business be improved?

Marketing. Approaching the numerous dealerships in the area. The centre is expanding and a day clinic is planned in the near future as well as a Fruit and Veg City that will attract additional business to the centre.

Is Seller finance available and for what amount?

No

4. Staffing

What is the total staff complement?

31 staff members.

Staff Breakdown and length of service

2 Supervisors, 30 General workers. The Owner, his wife and one other drive the cars.

Do any receive special perks, bonuses or incentives?

No

Are they on contract?

The South African workers has contracts, the Zimbabwean workers have work permits, but no contracts. 60% SA and 40% Zim, no illegal staff.

Do any have management potential?

Supervisors already in place

How involved  is the Owner in running the business

Owner and his wife is actively involved in the running of the business

5. Premises

When does the current lease end?

4 Years left

Is there an option of renewal & what period

Yes, 5 years.

What is the annual escalation %?

10%

What are the trading hours?

Mon-Fri 8am-5pm, Sat 9am-3pm, Sun + Pub Hol 9am-3pm

What is the square meterage of the business?

+/- 30m² Office and +/- 588 undercover working area

Is a copy of the lease available?

Yes

Do you require a licence?

No

6. Assets

Is a full asset list on file?

Yes

Are any items not included in the sale?

No

What is their overall condition?

Excellent

Do any require repairing?

No

How have they been valued?

Replacement value

Which assets are on lease/HP and with whom?

None

What are their settlement amounts?

N / A

Will Seller settle or Buyer to take over?

N / A

Are copies of agreements available?

N / A

Are they presently insured?

Yes

7. S.W.O.T. Analysis

Strengths

Great business with a captured market

Weaknesses

None perceived

Opportunities

Business will automatically increase with the expansion of the centre. There are numerous car dealers in the area that can be approached to get their business.

Threats

None perceived

8. Reason For Sale

What is the reason for the sale?

The owner is tired

9. Conclusion

Why is this a good business to buy?

Captured market and the business is growing without any additional effort from the owner




 

Car Wash For Sale,Business For Sale,Pretoria Business For Sale

Reference - R131001
 


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