Fully describe the business's activities?
This busy car wash is located in well established large local mall. Established in 2012/13, it comprises 2 x wash bays and 20+ drying bays, with the overflow able to use extensive additional covered parking facilities provided by the shopping centre. This is the only car wash with under carriage facility in the area. Business hours are 7h30 - 17h30, 7 days a week.
How long has the business been established?
How does the business operate on a daily basis?
As the business is situated in a busy shopping mall, majority of the clients leave their vehicle at the wash while it is being serviced. The business has Facebook presence and a website detailing the services that it offers. The business has many repeat customers and has a database of loyalty customers who are rewarded based on their weekly/monthly spend. There are competitors in close proximity but the business is not affected by these due to the convenience of the shopping mall and this is the only car wash that provides an under-carriage service in and around the suburb.
Is the business VAT Registered?
No-Average Turnover for the last 12 months, includes periods of heavy rains that adversely affected sales, R126,000.00 (ex VAT) per month. Average Net Income over the last 12 months was R30,500. There is a fully computerised point-of-sale system whereby every transaction is captured into the system. Cash and credit sales are split 50/50.
Are there up-to-date Management Accounts available?
What percentage of the business is cash/credit?
How could the profitability of the business be improved?
Owner to drive the business and do more marketing
What is the total staff complement?
Current staff included: 1 x Manager, 2 x Supervisors and 15 casuals. The car wash is run by the manager and supervisors who have been with the business for 4+ years. Majority of the staff has been with the business for longer than 3 years.
How involved is the Owner in running the business?
Only does overview and checking
When does the current lease end?
Lease - originally for 5 years, with around 4 years still to run and a 5 years option to renew.Annual 8% increase of lease takes place in February. Area of car wash is 770m2.
Is there an option of renewal & what period?
What is the annual escalation %?
Annual 8% increase of lease takes place in February.
What are the trading hours?
What is the square meters of the business?
Do you require a licence?
What lease deposit and/or other surety is required?
What are the main assets of the business?
All assets are in good condition and are fully paid up. Assets include all the usual assets for a car wash, including indoor seating facilities.
Situated in a busy mall with a pleasant reception/waiting area with WiFi. Low staff turnover and staff have been with business for a long time. Mgt in place. Under carriage cleaning Loyalty programmes This is almost an essential services business
More marketing and advertising.
What is the reason for the sale?
Reason for selling is that the owner has other business interests and is struggling to devote time to this business.
Why is this a good business?
Great business with mgt team and trained staff. Offers under carriage cleaning which is unique for the area.
What is the price plus stock and the net profit?
R1,200,00 plus stock
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