Priced To Sell - Car Wash Netting $5000 p/ week - South West Sydney

Business Overview

Car wash established in 2017 and over the past 7 years has developed a loyal customer base. It is located in one of the main roads of this suburb south west of Sydney.

Premises
The Business: The car wash is around 800m2 on a corner position with plenty of passing traffic from both directions daily.
It has 2 entries and comes with a café and waiting area for customers, 3 wash bays and 3 vacuum bays there is unlimited and untimed parking available making it easy for customers and the potential to increase sales very easily.

Currently washing around 250 300 cars a week (depending on the weather) with an average sale for car wash around $50-$70 per car

Hours of Operation
Monday to Sunday 8.00am to 6.00pm

Potential

* Owner operator can save on wages
* Previous sales $16,000 - $17,000 per week pre-covid
* Potential to add more social media marketing
* Currently servicing some government vehicles such as police and ambulance. There is potential to add more
* Potential to add car dealership and hire car accounts.

Employees

1 x Full Time owner, 7 x casuals

Lease

6.5 years remaining, lease Until November 2026 + 5 year option, 4% increase per year, 2 months bond

Financials Summary

Weekly Takings $13,500
Cost of Goods $500
Gross Profit $13,000
Rent $1638 (Ex GST)
Outgoings $216 (includes water)
Wages $4900 (excludes the managers wage)
Telephone $20
Insurance $100
Electricity $100
Misc 1 $500 (GST, bank fees)
Total Expense $7474
Net profit. $ 5026 (profit for 1 working owner 40 hours p/w)
Estimated Stock Value $5,000
Estimated Equipment Value $150,000
Asking Price: $450,000 + Stock

The Opportunity
7 years established car wash with lots of regular customers. Potential for sales to return to $16,000 - $17,000 per week pre-covid. Suitable for experienced buyers only. Will need landlord approval