Property for sale with operational car wash.

Property for sale with operational car wash. 

Introduction:

• This property was acquired by the existing owner in 2004 and he started a car wash on the premises.
• This stand is 638 square meters in extent and is right next to one of the main arteries in the area with huge visibility from 2 roads bordering it. Is is also adjacent to a popular fuel station.
• The stand is presently zoned for General Business 4, but the property can be rezoned for other uses should a new owner wishes to utilize it for other purposes.
• The existing zoning allow 80% coverage on the property which means a building of 510 sq meters can be erected as a single storey building.
• The owners obtained valuations from different registered valuators which differs between R2,7 million to R3,3 million- this includes the property plus the business.

Financials:

• The car wash does an average turnover of over R60,000 per month- there is a manager full time on the premises.
• After all expenses are paid, the business does an average NP (EBITDA) of over R12,000 pm.
• This business has a huge potential to increase the turnover/NP by giving full time attention to the business and adding new services to the car wash.

Selling price:

• R2,2 million for the business and the property.