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 |