Sectors / Category

Annual turnover

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  • Mandate: 32915
  • Added: 25 Mar 2019
  • AFS
  • 647

Car Wash

Gauteng, Johannesburg
647
Mandate 32915
Added 25 Mar 2019
R 1,225,000* ZAR
Stock: R 25,000
Assets: R 0
R 30,519 ZAR
Rory Miller
(PRINCIPAL)
Aldes Active
Gauteng
Summary

Well established car wash operating out of a large local mall environment. Offers indoor seating, wifi etc. for client comfort. Business has 2 washing bays, 20 drying & cleaning bays. This is the only facility with undercarriage cleaning in the area.

Car Wash
SELLING PRICE AFS
R 1,225,000* ZAR
Stock: R25,000
Assets: R0
R 30,519 ZAR
Summary

Well established car wash operating out of a large local mall environment. Offers indoor seating, wifi etc. for client comfort. Business has 2 washing bays, 20 drying & cleaning bays. This is the only facility with undercarriage cleaning in the area.

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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?
Since 2012

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?
Yes

What percentage of the business is cash/credit?
50/50

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?
Yes, TBC

What is the annual escalation %?
Annual 8% increase of lease takes place in February.

What are the trading hours?
7.30-17.30

What is the square meters of the business?
770m2

Do you require a licence?
No

What lease deposit and/or other surety is required?
1 month

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.

Strengths?
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

Weaknesses?
None

Opportunities?
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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FRANCHISE DETAILS

Aldes Active

1 members
18 active mandates
Gauteng
Postnet Suite 129, Post Box 92418
2117

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