Fully describe the business's activities?
Well branded carwash that is situated in a business centre. There are 2 wash Bays and 10 drying and vacuum bays. All the equipment is relatively new and in good working order.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
The business has a full time manager that runs the business.
How are the clients attracted to the business?
Repeat clientele and word and mouth.
What Advertising/Marketing is carried out?
Face book page but its not that active.
Does the business have any contract work?
What competition exists?
Not in the immediate area. The closest is approximately 2 kilometres away.
What are the seasonal trends?
Winter months tend to yield better sales.
Is the business VAT Registered?
The business is not vat registered
Are there up-to-date Management Accounts available?
Monthly figures from March 2017 to Feb 2018
What Balance Sheet and Income Statements are available?
Not requested due to sole proprietorship
What percentage of the business is cash/credit?
Cash 30 % Debit cards 70 %
Is Seller finance available and for what amount?
What is the total staff complement?
Mondays to Thursdays 7 staff and then 13 from Friday to Sunday.
Do any receive special perks or incentives?
Are they on contract?
Get paid per hour.
Do any have management potential?
How involved is the Owner in running the business?
Very little as he has other business interests.
When does the current lease end?
The lease has recently been renewed for 5 years but will need to be renegotiated.
Is there an option of renewal & what period?
Further 5 years depending on the lease negotiated.
What is the annual escalation %?
To be discussed with the renewal of the Lease
What are the trading hours?
7 days a week from 8.00 to 18.00.
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
One months rental plus first rental monthly in advance.
What are the main assets of the business?
The wash bays and cleaning equipment. List on system.
Are any items not included in the sale?
What is their overall condition?
All in working order and quite new.
Do any require repairing?
How have they been valued ?
Owners currently market value.
Which assets are on lease/HP and with whom?
Are they presently insured?
Branded carwash which has been trading profitably for many years. Also services an affluent business as well as residential area.
Could pursue contracts from company's who run fleets for cleaning and valet of vehicles.
What is the reason for the sale?
The owner does not have the time to give this business his full attention and also has other business interests.
Why is this a good business?
Branded carwash with a good reputation.
What is the price plus stock and the net profit?
R 850 000 plus stocks R 8000.
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