Business Price
R1,470,000: Total Acquisition Value
Profitability
R540,000: Net Profit (EBITDA) per Annum
R 45,000: Net Profit (EBITDA) per Month
Investment Returns
2.7 x: PE Ratio (Price Earnings Ratio)
37%: ROI (Return on Investment)
33 x Months: MPB (Months’ Pay Back)
IMPORTANT NOTE
The owner has certain protocol/conditions and preferences under which we are restricted, disclosing business information. No detailed operational/financial information will be disclosed without the required documentary and source documents being processed according to the seller's criteria.
IMPORTANT/TAKE NOTE: The owner prefers only potential CASH BUYERS.
BACKGROUND HISTORY
The business was established more than 16 years ago in Pretoria.
Reason for selling is that the owner focuses on other business interests, which have become time consuming and requires a lot more of his personal attention, he is more than willing to assist a prospective buyer for a proper transition period. The focus on customer care and good service, combined with value for money, differentiates the business and 95% of the cliental are in the immediate and surrounding suburbs around the business. Sales are generated through cash on delivery to private clients who are individuals and NOT CAR DEALERS, therefore, the business has no debtors or clients who carry accounts. The business is managed on a cash basis, without any debt.
The business is especially known for its valet services with specialized equipment and properly trained staff. The extended valet services range from R500 to R2,500 per vehicle, depending on the needs of the client. The business complies with all legal requirements and statutory regulations as a car wash and there are currently more than 15 permanent employees and casuals. The statutory registrations for staff are all in place and are paid monthly according to legislation.
The reliable point of sale systems and financial system are efficient when it comes to reporting and control. A comprehensive financial overview was carried out over the financial system and the relevant source documents were confirmed against operational expenditure. The proposed price valuation was calculated against industry benchmarks for a business that has been for so long on the same location, successfully.
