Fully describe the business's activities?
This is a carwash offering general carwash and valet services next to a shopping centre in the CBD
How long has the business been established?
The original business started in 2002
How long has the owner had the business?
The current business owner had the business since 2018
How does the business operate on a daily basis?
The business opens at 08:00 in the morning and serves customers wanting to wash their cars either while they do shopping or alternatively waiting in the waiting area at the premises
How are the clients attracted to the business?
Currently very little advertising is done and business uses on Facebook Posts
What Advertising/Marketing is carried out?
Facebook posts on Facebook page and sharing of posts on community pages
Does the business have any contract work?
None that could be considered contractual, yet do offer regular washing services to resident companies in vicinity
What are the seasonal trends?
Rainy days have a decline on washes done for the day, Public holidays at times register a spike in washes done
How did the Covid-19 pandemic impact the business turnover / daily operations?
The business was closed during hard lockdowns and revenue ceased, the tred shows recovery to previous periods
Is the business VAT Registered?
No this is a small business that is not VAT Registered
Are there up-to-date Management Accounts available?
The owner records all revenues and costs in his own system as the business do not require any complcated systems
What percentage of the business is cash/credit?
Most of the business is cash/card
How could the profitability of the business be improved?
The business could advertise more, engage with automotive industry and local business for contract work, by offering Coffee shop type products for customers waiting an additional revenue stream can be created
What is the total staff complement?
The total staff compliment varies depending on the volume of vehicles, time of the month and other factors, the average is 10 staff members
Do any have management potential?
There is currently a person that manages te day-to-day management
How involved is the Owner in running the business?
The owner is not actively involved and visits the business from time to time
When does the current lease end?
The current lease ends in 2023 and has an option to renew for an additional 5 years, the annual escalation is at 5%
What are the trading hours?
Monday to Friday 07:00 to 17:00 and Saturday and Public Holidays 07:00 to 14:00
What is the square meters of the business?
Is a copy of the lease available?
What are the main assets of the business?
This is an asset light business with a few vacuum cleaners and washing materials/machines
The business has a long history, is next to a shopping centre and is conveniently located with ample parking
Advertising is a bit light and more effort could be done to raise awareness of te carwash
Greater advertising, contracts with business and car dealers
Covid hard lockdowns
What is the reason for the sale?
Why is this a good business?
Easy to manage with great upside potential
What is the price plus stock and the profit?
The price is R605,500 all included
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