History and Overview Of The Business
|
| Fully describe the business's activities |
This Car wash is situated at a Filling station next to a main road. It offers a complete range of cleaning services for all vehicles. |
| When was the business established? |
The business has been operating 2012. |
| How long has the owner had the business? |
Since 2017. |
How Does The Business Operate
|
| How are the clients attracted to the business? |
The business is well branded and highly visible from the road nearby. Local residents are familiar with the business. |
| What Advertising/Marketing is carried out? |
o Marketing is carried out at present. |
| Does the business have any contract work? |
Yes , 10 corporate clients use the services of the business. |
| What competition exists? |
Several competitors operate in the area. |
| Seasonal Trends? |
There are no seasonal fluctuations in sales. |
Financial Information
|
| Vat Registered? |
No , the business in not currently Vat registered. |
| Management Accounts? |
Yes ,detailed accounts are available including a breakdown of income from corporate/walk in clients. |
| Audited Financials? |
All income and expenses are recorded daily and can be confirmed by a prospective buyer. |
| What as Cash/Credit Split? |
All sales are cash , only corporate clients are invoiced monthly. |
Staffing Of the Business
|
| What is the total number of Staff? |
13 Staff are employed, Including a full time Manager. |
| Staff Special Perks and Bonuses? |
Yes , all staff receive a bonus in December of every year , although this is not mandatory. |
| Does any of the staff have management potential? |
a Full time manager is employed. |
| How involved is the Owner in running the business? |
The owner spends about 1 hour per day at the business. |
Premises Of the Business
|
| When Does the Current Lease ends? |
December 2019. |
| Is there an option to renew? |
Yes ,the lease can be renewed for at least 3 years. |
| What is the annual escalation % |
8 % escalation pa. |
| What are the Trading Hours? |
Monday to Friday 8 to 5. Saturday 8 to 4. Sunday 8 to 3. |
| Is a copy of the lease available? |
Yes , a copy of the lease is available. |
Assets Of The Business
|
| Full Asset List available? |
2 Pressure Washers. 5 Industrial vacuum cleaners. 1 Valet vacuum cleaner. |
| What is condition of the assets |
All equipment is in fair working order. No repairs are needed at present. |
SWOT Of The Business
|
| STRENGTHS |
The business is all Cash. The profits/sales are growing steadily. The business is well managed and highly profitable. |
| OPPORTUNITIES |
Increased marketing will increase sales ,especially to corporate clients. |
| THREATS |
No threats could be identified at present. |
Summary
|
| Why is this a good business |
Well managed , high profits , growing sales. |
| Why is the owner selling it? |
The owners are emigrating. |