Purchase Price
R1,850,000: Total Acquisition Value
Profitability
R900,000: Net Profit (EBITDA) per Annum
R 75,000: Net Profit (EBITDA) per Month
Investment Returns
2.7 x: PE Ratio (Price Earnings Ratio)
36%: ROI (Return on Investment)
33 x Months: MPB (Months’ Pay Back)
IMPORTANT NOTE
There are certain terms and conditions and requirements in terms of our agreement with the seller under which we are restricted to introduce a potential purchaser, one of the seller's conditions are that he will only consider CASH BUYERS.
BACKGROUND HISTORY
The business was established more than 15 years ago in Pretoria.
The current owner plans to retire from the industry after many successful years in the business.
Most of the cliental are in the immediate and surrounding suburbs around the business.
Sales are generated through cash on delivery, therefore, the business has no debtors or clients who carry accounts.
The business is especially known for its valet services with specialized equipment and properly trained staff.
The business complies with all legal requirements and statutory regulations for a car wash.
The operational and financial functions in the business are managed by the existing owner.
There are currently more than 15 permanent employees and casuals.
The reliable point of sale systems and financial system are very efficient.
A comprehensive financial overview was carried out over the financial system, latest Annual Financial Statements and Management Accounts.
The proposed price valuation was calculated against industry benchmarks.
