Filters
LocationSouth Africa, North West

Sector - Sales & Services

Asking Price
R605,500
Monthly Profit
R 20,057
Asset Value
R 20,000
Stock Value
R 0
Yearly Net Profit
R 240,681

Summary

Centrally located Carwash next to Shopping Centre

Give me more information

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 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

What Advertising/Marketing is carried out?

Facebook posts on Facebook page and sharing of posts on community pages

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

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 are the main assets of the business?

This is an asset light business with a few vacuum cleaners and washing materials/machines

Strengths?

The business has a long history, is next to a shopping centre and is conveniently located with ample parking

Weaknesses?

Advertising is a bit light and more effort could be done to raise awareness of te carwash

Opportunities?

Greater advertising, contracts with business and car dealers

Threats?

Covid hard lockdowns

What is the reason for the sale?

Owner relocating

Location

Contact | Enquire

Frans

Frans Joubert

LocationSouth Africa, North West

Preferred method of contact

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