Fully describe the business's activities?
Carwash ideally situated on a busy intersection.
How long has the business been established?
Since 2010
How long has the owner had the business?
Since 2022
How does the business operate on a daily basis?
The carwash has steady flow of cars and repeat clients, with weekends bringing the bulk of the trade.
The business operates 7 days a week, and has a manager that assist everyday with overseeing the daily operations. Mondays to Sunday: 07h30 - 17:00 Open most Public holidays at own discretion: 07h30 - 17:00
How are the clients attracted to the business?
Great location situated on a busy intersection.
What Advertising/Marketing is carried out?
Social media Platforms:
Facebook
Instagram
What are the seasonal trends?
In rainy seasons private/public clients are affected, but dealerships maintain work steady flow.
Is the business VAT Registered?
No the business is not vat registered.
Are there up-to-date Management Accounts available?
Yes management accounts are available
Is Seller finance available and for what amount?
No seller finance available.
What is the total staff complement?
6 staff
Give a breakdown of staff/ functions/ length of service?
1 x Manager/supervisor
5 x Cleaning staff
Do any have management potential?
The carwash is currently manager run.
How involved is the Owner in running the business?
No owner involvement.
What are the main assets of the business?
A comprehensive asset list will be provided.
Strengths?
- Location
- High Demand: Regular need for car cleaning and maintenance services ensures a steady flow of customers. Location Advantage: A well-chosen location with high traffic, attract a large number of customers.
Weaknesses?
- No owner involvement
- Operating Costs: High ongoing expenses, including water, electricity, chemicals, and labour. Seasonal Variability: Demand may fluctuate seasonally, with lower demand in extreme weather conditions.
Opportunities?
The carwash does not offer valet or detailing services currently.
Technological Advancements: Implementing new technologies, such as automated payment systems, online booking, and loyalty apps, can improve customer experience. Marketing and creating awareness can create a grater influx, up to now the business has been growing on excellent customer service and word of mouth. Partnerships: Collaborating with local businesses, such as dealerships service centres and surrounding office blocks can provide a steady stream of customers
Threats?
Competition: High competition from other car wash businesses and alternative services like self-service or hand-wash options. Economic Downturns: Economic challenges can reduce discretionary spending, impacting the frequency of car wash visits.
What is the reason for the sale?
The owner does not have the capacity to give the carwash his full attention as this is not his primary business.
Annual Turnover Amount between R 500 thousand and R 6 million