History and Overview Of The Business
|
| Fully describe the business's activities |
Car wash in Pretoria East in a up market centre with great potential, current owners don't have the time or resources to get to the business. |
| When was the business established? |
Since October 2015 |
| How long has the owner had the business? |
The owner established the business |
How Does The Business Operate
|
| How does the business operate on a daily basis |
The business is run by the staff as the owner has other businesses to run and cannot get to the business, this means that there is excellent opportunity for a involved owner to improve the profitability of the business. |
| How are the clients attracted to the business? |
Passing trade and word of mouth |
| What Advertising/Marketing is carried out? |
None |
| Does the business have any contract work? |
No |
| What competition exists? |
No direct competition and then just the normal for the industry in the surrounding areas |
| Seasonal Trends? |
The quieter months are November, December, January and April, then the rainy season can also affect business. |
Financial Information
|
| Vat Registered? |
No |
| Vat Documentation on File? |
Not registered |
| Management Accounts? |
Yes |
| Audited Financials? |
Multiple business are run under the same Pty Ltd the figures will not be applicable, use the management accounts |
| What as Cash/Credit Split? |
100% Cash |
| Debtors Book Age Analisys |
There are no debtors |
| How can you improve the profitability? |
Owner involvement, Loyalty program, Advertising in the Mall, Restrict the pensioners discount which is currently available every day |
| Is Seller Finance available and if so what is it? |
No |
Staffing Of the Business
|
| What is the total number of Staff? |
6 Staff members |
| Staff Breakdown |
2 x Drivers/Supervisors
4 x General staff, washing, vacuuming, etc. |
| Staff Special Perks and Bonuses? |
No |
| Are the staff on Contract? |
No |
| Does any of the staff have management potential? |
Already in place |
| How involved is the Owner in running the business? |
The owner is not involved in running the business which is a problem |
Premises Of the Business
|
| When Does the Current Lease ends? |
The current lease is three years and ends September 2018 |
| Is there an option to renew? |
Yes for three years |
| What is the annual escalation % |
10% |
| What are the Trading Hours? |
07:00 - 18:00 Monday to Thursday
08:00 - 17:00 Friday to Sunday |
| What is the square meters? |
Seller to confirm |
| Is a copy of the lease available? |
Yes |
| Do You require a license? |
No |
Assets Of The Business
|
| Full Asset List available? |
Yes, all assets are on the list |
| Anything not included in the sale? |
The assets of the business are the ones on the asset list |
| What is condition of the assets |
Excellent, Ongoing repairs and maintenance is carried out |
| Any Assets on Lease/HP that Buyer needs to take over? |
None |
| Are they insured at the moment? |
Yes |
SWOT Of The Business
|
| STRENGHTS |
Great location in above average income area, Great tenant mix in the complex |
| WEAKNESSES |
Signage is lacking |
| OPPORTUNITIES |
Marketing, Owner involvement and supervision, Loyalty programs, etc. |
| THREATS |
None identified |
Summary
|
| Why is the owner selling it? |
The seller does not have time to attend to the business due to their other businesses commitments. |