UNDER OFFER - Car Wash and Cafe - Netting $5600 per week - Located Inner West Sydney
UNDER OFFER - Car Wash and Cafe - Netting $5600 per week - Located Inner West Sydney
Industry :
AutomotiveSub Industry :
Car WashUNDER OFFER - Car Wash with Cafe
The Business: Established as a car wash and cafe for more than 14 years. The total area is about 1200m2 can hold up to 20 to 30 cars in total. Currently washing and detailing 300 to 400 cars a week including 10 car dealership accounts on Parramatta Rd. Maintenance car wash between $80 to $150. High end detailing between $1000 to $1500, PPF $4000 to $8000
This car wash includes 3 wash bays, 4 vacuum bays, 2 finishing bays, café waiting area for about 20 people outside and 20 people inside
Lease
5.5 years remaining
4+3 year lease from 1st of March 2023 until 28th February 2027,
4% increase per year, 5 months bond
Operating hours
Mon Sun 8am 9pm
Employees
6x FT , 8 x Casual
Business Potential
* Run completely under management. The owners are from Melbourne only visit every 2 or 3 months
* Owner operator can save on wages.
* More customers than the workers can handle. Has the potential to make $40k - 50k per week sales
* Could sub lease to night time operator to reduce rent
* Can sublease food truck to help reduce rent
* Can add more car dealership accounts. Currently servicing 5 car dealerships. With one dealership sending 30 cars per week.
* More advertising for high end detailing work.
* Introduce online booking and website to help manage work flow and staff roster.
Financial Summary
Weekly Takings $25,000
Cost of Good. $1500
Gross Profit $23,500
Rent $3,941 (Ex GST)
Outgoings $500 (includes council rates and water)
Wages $12,000 (not including the owners wage)
Telephone $20
Insurance $115
Electricity $300
Miscellaneous. $1000 (bank fees, GST, repairs, maintenance)
Total Expense. $19,876
Net profit. $5624
Estimated Stock $5,000
Estimated Equipment Value $500,000
Asking Price $750,000
Queensland
Australia
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$750,000
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These include:
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Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
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Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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