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For Sale

Priced To Sell - Car Wash Netting $3600 p/ week - South West Sydney

Menai, New South Wales

Summary


  • For Sale
    Status
  • Menai
    Location
  • New South Wales
    State
  • $299,000
    Price
  • Car Wash Retailer

Features


Description


Premises
The Business: Established in 2017 the car wash is around 600m2. With 3 wash bays and 2 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 200 – 250 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 5.00pm

Potential

• Café subleased for $800+GST per week to reduce the rent
• Previous sales $13,000 - $14,000 per week pre-covid 2018, 2019 sales
• Potential to add more social media marketing
• Add Groupon to drive customer acquisition
• Network with surrounding businesses such as Fitness First, KFC, Supercheap Auto, Pet Barn, Dominos Pizza

Employees

1 x Full Time owner, 1 x full time, 5 x casuals

Lease

7 years remaining, lease Until September 2030, 2.5% fixed increase per year, 3 months bond

Financials Summary
Weekly Takings $11,000
Cost of Goods $500
Gross Profit $10,500
Rent $2200 (Ex GST, includes the sublease $800 p/w)
Wages $4000 (excludes the managers wage)
Telephone $20
Insurance $100
Electricity $80
Misc 1 $500 (GST, bank fees)
Total Expense $6,900
Net profit. $3600 (profit for 1 working owner 40 hours p/w)
Estimated Stock Value $3,000
Estimated Equipment Value $100,000
Asking Price: $299,000 + Stock


The Opportunity
6 years established car wash with lots of regular customers. Potential for sales to return to $13,000 - $14,000 per week pre-covid. Suitable for experienced buyers only. Will need shopping centre approval to purchase.