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Established Car Wash In Paarl For Sale

Paarl, Western Cape, South Africa
Asking Price:
R1,800,000
Sales Revenue:
R1,300,000
Cash Flow:
R395,000

This great opportunity to own a car wash does not come often and should sell very fast.

It is located on premises that have a continuous traffic of clients and are busy throughout the year.

It has 8 employees, inclusive of a manager, and rent for the premises is very low.

The lease has 4 years left and is renewable when it expires.

The owners spend only 10% of their time at the business due to other full-time commitments. expansion plan is already in motion.

Annual turnover: R1.3m

Annual net profit: R395k.

Selling Price: R1,8million.

NP%: 32%

ROI: 22%

Further information will only be provided upon signing an NDA and Proof of Funds.

Property Information

Real Estate:

Lease

Lease Terms:

4 years remaining with option to renew for a further 5 years.

Leasehold Rent:

R41,000 per annum

Location:

Great location!

Business Operation

Reasons for selling:

Owner has other business interests.

Trading hours:

Open Mon-Sat.
Closed on Sundays.

Employees:
8
Years established:
7

Other Information

Support & training:

Full handover by owner.

Financing available:

No.

Furniture / Fixtures value:
R600,000