Extraordinary carwash with property and building for sale.
Introduction:
- This business was started from scratch and built up over a short period of time into a very viable business.
- The premises is 2500 sq. meters and zoned Business 1, and the owner erected a 250 sq. meters which is being utilized for a car wash and a coffee shop/cafeteria.
- The owner concluded agreements with various motor car dealers as well as government departments to wash/valet their cars.
- There is still huge scope to add more clients by doing some social marketing and adding motor car dealers.
- The property is in an area which is not fully built up and will be built up in a short space of time as it is situated next to a national highway.
Finances:
- 2023 – annual turnover R5,3 million on car wash, R935,867 on coffee shop.
- 2024- projected combined turnover R7 million.
- Asset value of building and assets (equipment etc.)- Building R3 plus assets R2 million- excluding land value.
- Average expenses annually is R3,36 million.
- The owner does not pay himself any rent.
- NP (EBITDA) is R3 million.
- Selling price R22 million broken down into:
- Building 250 sq. meters- R3 million.
- Land value- 2500 sq. meters- R6,25 million.
- Business value- R12,75 million- giving you a ROI of 23%.
