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Profitable Car Wash & Valet Centre In Johannesburg For Sale

Johannesburg, Gauteng, South Africa
Asking Price:
R598,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R720,000
Cash Flow:
R200,000

Located in a well known Mulbarton shopping centre. This carwash has access
from a busy main road and is visually self advertising to the four way
intersection and neighbouring filling station. Close proximately to large auto
dealerships and private security companies, gives an entrepreneurial spirit
space for expanding the recurring client base.

The business has a wonderful lapa / waiting area, which could make a lovely
coffee shop or even an opportunity to sell “boerie rolls” on weekends to
increase the turn over.

This business is manager run at the moment, with a fairly small owner work
input. It is likely that a more hands on approach would naturally increase its
turnover and profit margins.

It is staffed with 4 permanent employees who work Monday to Thursday and a
further 4 temporary assistants who join the team on weekends.

The current monthly Turn over is approximately R60,000.00 (out of season)
and yields a R15000.00 to R17000.00 nett take home income. Compared to
similar other businesses in this area the price per vehicle wash is rather low. A
simple price increase would yield a stronger return.

The business is established, as it has been in this location for 22 years, having
been in the current owner’s hands for the last 2 years. The equipment on site
has an approximate replacement value of R210,000.00. The owner valued it at
R100,000.00 as it is a couple of years old, although it is still in “good as new
condition”. This includes the generator for load shedding periods, vacuums,
high pressure washers and a radial arm. It has 24 hour 8 Camera Hik Vision
remote camera monitoring which is accessible from a smart phone.

The business is independent and has no franchise agreements or similar costly
contracts in place. It has 3 years left on it’s 5 year lease, which a new owner
would need to renegotiate. The business operates a full 7 day week, during
sunlight hours. It uses prepaid water and electricity.

This business is best suited to an energetic, enthusiastic and friendly owner
from the area, who can increase its value to the community and would look for
potential profit and turn over opportunities.

Property Information

Real Estate:

Lease

Location:

Prime shopping centre

Business Operation

Trading hours:

Daytime 7 days a week.

Employees:
8
Years established:
2

Other Information

Support & training:

Full handover by owner

Furniture / Fixtures value:
R150,000 - included in the asking price
Inventory / Stock value:
R5,000 - included in the asking price

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