Fully describe the business's activities?
Well established car wash ,with a large client base. Car washes and valet per month are over a 1000
How long has the business been established?
Established in 2011
How long has the owner had the business?
The current owner have the car wash from 2018
How does the business operate on a daily basis?
Owner and manager opens and closes.
How are the clients attracted to the business?
Surrounding dealerships uses the car wash service daily Quality of service keeps attracting new costumers
What Advertising/Marketing is carried out?
Website and word of mouth
Does the business have any contract work?
Only verbal agreements with motor dealership
What are the seasonal trends?
Summer months show more increase of sales
How did the Covid-19 pandemic impact the business turnover / daily operations?
Covid had a slight decrease in sales.. Staff was reduced and a shift working day was implemented.
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Better cast management of running cost are in place Staff works in shifts
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
A monthly up to date spreadsheet is available.
What Balance Sheet and Income Statements are available?
Financial year end June 2021
What percentage of the business is cash/credit?
50/50 Cash/Card transactions
Is Seller finance available and for what amount?
What is the total staff complement?
Staff complement currently is 9,but when business increase ,casuals are available
Give a breakdown of staff/ functions/ length of service?
Manager x 1 Car cleaners x 8
Do any receive special perks or incentives?
No only normal wages
Are they on contract?
Yes ,according to labour law rules
Do any have management potential?
How involved is the Owner in running the business?
On a daily basis, the owner has other businesses to attend to during the day.
Any special arrangements for the staff related to the Covid-19 pandemic?
They work in shifts
When does the current lease end?
On a monthly basis
What is the annual escalation %?
What are the trading hours?
Trading Hours is from 8 to 167h30 from Monday to Fridays. 8h00 to 16h00 Saterday 8h00 to 14h00 Sundays
What is the square meters of the business?
Plus minus 200 Square meters
Is a copy of the lease available?
On request for serious buyer
Do you require a licence?
What lease deposit and/or other surety is required?
Usually 2 times rental
What are the main assets of the business?
A asset list will be available for serious Buyers
Are any items not included in the sale?
Sold lock stock and barrel
What is their overall condition?
How have they been valued ?
Are they presently insured?
This car wash has as well client base. Very well supported by the locals community and businesses based in the area.
Covid will have a negative influence
Surrounding area shows community growth and increase of businesses. These needs to be tap in.
None we can perceive
What is the reason for the sale?
The current owner have a factory that takes most off his time.
Why is this a good business?
This car wash is based near a Motor vehicle hub with good support from the dealers. This car wash is well supported by the Local community
What is the price plus stock and the profit?
Selling price R1000 000 Stock R12 000 Profit R48 077 pm
Annual Turnover Amount between R 500 thousand and R 6 million