Fully describe the business's activities?
This Carwash is situated at a Filling station next to a main road. It offers a complete range of cleaning services for all vehicles.
How long has the business been established?
The business has been operating 2012.
How long has the owner had the business?
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?
No 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.
What are the seasonal trends?
There are no seasonal fluctuations in sales.
Is the business VAT Registered?
No , the business in not currently Vat registered.
Are there up-to-date Management Accounts available?
Yes ,detailed accounts are available including a breakdown of income from corporate/walk in clients.
What Balance Sheet and Income Statements are available?
All income and expenses are recorded daily and can be confirmed by a prospective buyer.
What percentage of the business is cash/credit?
All sales are cash , only corporate clients are invoiced monthly.
What is the total staff complement?
13 Staff are employed, Including a full time Manager.
Do any receive special perks or incentives?
Yes , all staff receive a bonus in December of every year , although this is not mandatory.
Do any 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.
When does the current lease end?
Is there an option of renewal & what period?
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.
What are the main assets of the business?
2 Pressure Washers. 5 Industrial vacuum cleaners. 1 Valet vacuum cleaner.
What is their overall condition?
All equipment is in fair working order.
Do any require repairing?
No repairs are needed at present.
The business is all Cash. The profits/sales are growing steadily. The business is well managed and highly profitable.
Increased marketing will increase sales ,especially to corporate clients.
No threats could be identified at present.
What is the reason for the sale?
The owners are emigrating.
Why is this a good business?
Well managed , high profits , growing sales.
What is the price plus stock and the net profit?
R 950 000-00 (net profit R 36,346.00 pm)
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