"Selling your business is our business"
"Selling your business is our business"
Fully describe the business's activities?
A high-end Car wash and valet business in a prime location servicing a large area in Centurion.
After taking over the business a year ago, the owner has invested his time and resources to make this not just a regular car wash but instead offering customers an exceptional customer experience.
The car wash is located in a rapidly developing area surrounded by large national retailers, large corporate offices and newly developed lifestyle malls.
The business has shown good growth over the last year and is poised to grow further with the influx of new developments.
How long has the business been established?
Since 2023
How long has the owner had the business?
Since 2024
How does the business operate on a daily basis?
The car wash is currently manager run with the owner providing oversight. The owner has a corporate position and unable to be involved on a daily basis.
How are the clients attracted to the business?
Location is key to this business - well situated in a strip mall surrounded by large corporate and retail centers.
Clients have the option to have their vehicles cleaned while they are at the gym, shopping or eating at one of the eatery's.
The car wash is ideally located outside one of Platinum Fitness's flagship branches, close to paddle courts and a driving range.
What Advertising/Marketing is carried out?
The business has a good social media presence. However, a more focused marketing strategy and community-based advertising will bear fruits.
Does the business have any contract work?
Although the business does not do contract work, they valet a number of We Buy Cars vehicles.
What competition exists?
There is competition, however no one close to their location.
This car wash offers customers a relaxing environment with attention to detail and above average customer experience.
What are the seasonal trends?
Summer months tend to trade better - rainy days does hamper turnover. Having said that this business trades well througout the year.
Is the business VAT Registered?
The business is not vat registered
Are there up-to-date Management Accounts available?
Yes, management accounts are available.
What Balance Sheet and Income Statements are available?
The owner is meticulous with sale analysis and tracks all sales data using a tailored software package.
What percentage of the business is cash/credit?
Cash value is approximately 10% of sales.
Is Seller finance available and for what amount?
No seller finance available.
What is the total staff complement?
Weekdays 6 staff
Weekends 10 staff in total.
Are they on contract?
All staff are on contract.
Do any have management potential?
The business is manager run.
How involved is the Owner in running the business?
The owner is not involved on a daily basis, the business is manager run.
When does the current lease end?
30 June 2028
Is there an option of renewal & what period?
3 years renewal option
What is the annual escalation %?
8%
What are the trading hours?
Mon - Fri 7am to 5pm
Saturdays 7am to 5pm
Sundays 7am to 3pm
Is a copy of the lease available?
Yes.
What lease deposit and/or other surety is required?
2 months exit rental
What are the main assets of the business?
A full asset list will be provided.
What is their overall condition?
All assets are in good working order.
Are they presently insured?
all assets are comprehensively insured.
Strengths?
- Growing Automotive Industry: South Africa's automotive industry is expanding, leading to an increased demand for car wash services.
- High Customer Satisfaction: Providing high-quality service has lead to a loyal customer base and positive word-of-mouth referrals.
- Strategic Locations: Established car wash in high-traffic area close to large corporate retailers, urban centers, shopping malls, and busy road.
Weaknesses?
Seasonal Variations: Business may fluctuate with seasonal changes
Operational Costs: Ongoing costs such as water, electricity, and maintenance
Lack of owner involvement.
Opportunities?
10 -20% price increase scheduled for this month to get in line with other car washes pricing.
Expansion: There is potential to expand into other regions or offer additional services such as detailing, waxing, and interior cleaning
Threats?
Economic Downturns: Economic instability can reduce discretionary spending, affecting the demand for car wash services
What is the reason for the sale?
The owner does not have the capacity to run the business and wants to focus on his current work.
Why is this a good business?
Growing Demand: South Africa's automotive industry is booming, with a rising demand for car care services. As more car owners prioritize the cleanliness and maintenance of their vehicles, the car wash industry presents an attractive investment opportunity.
Strategic Location: Choosing the right location is crucial. Areas with a high concentration of vehicles, such as busy urban centers, shopping malls, or along busy roads, offer more potential for your target market to see your business. This car wash ticks all the boxes!
This car wash is located in a booming area, with a new Leroy Merlin superstore weeks from opening -just a stone throw away.
Annual Turnover Amount between R 500 thousand and R 6 million
