Sector - Sales & Services
Centrally located Carwash next to Shopping CentreGive 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
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?
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