Franchised Car Wash in Lonehill for Sale at R2.7 Million
Take advantage of this opportunity to own a thriving franchise car wash in Lonehill, offered at a competitive price of R2.7 million. The owner is motivated to sell due to the emergence of another enticing investment opportunity.
Key Features:
Franchise fees are fixed at a minimum monthly amount, independent of turnover, simplifying business growth.
The car wash averages 40 cars per day on weekdays and 70–80 cars over the weekends, ensuring a steady customer flow.
It's a straightforward and profitable venture, making it an ideal choice for those seeking a cash-generating business.
While not requiring a full-time owner-operator, the presence of a capable manager ensures efficient operations. However, hands-on ownership can further enhance its potential.
Valuation Method:
Following the industry standard, we base our valuation on the last 12 months' EBITDA and apply a price-earnings ratio (P.E.) of 3, which can be adjusted based on specific business factors.
Although the business has not yet completed a full 3 years of operation, the year-to-date figures indicate a clear and steady growth trajectory projected for the fiscal year ending in 2024.
Net Profit for the Year Ending February 2023: R 900,075 x P.E. of 3
Resulting in a Total Valuation of R 2,700,225.
This fantastic opportunity includes all assets and is available for R2.7 million, offering great potential for growth and profit.
