UNDER OFFER Car Wash, Detailing and Cafe netting $3800
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UNDER OFFER Car Wash, Detailing and Cafe netting $3800

Price: Price: $395,000 + Stock

UNDER OFFER Car Wash, Detailing and Cafe netting $3800

Key Sale Highlights

  • Established over 7 years
  • Owner operator can save on wages.
  • 13 years lease remaining
  • Can add more car dealership accounts. Currently servicing 5 car dealerships in the area.
  • More advertising for high end detailing work.

Proudly listed by Tony Banh

Broker Firm

Business Overview

The Business:

Established as a car wash and cafe for more than 7 years in this western sydney location. The total area is about 800m2 can hold up to 20 cars in total. Currently washing and detailing 150 to 250 cars a week including 5car dealership accounts on Parramatta Rd. This car wash includes 4 wash bays, 4 vacuum bays, 2 finishing bays, café waiting area for about 10 people outside and 15 people inside. Café and food truck is currently being subleased for $1680 per week to reduce the rent

Lease

3 years remaining 5 + 5 years option, 5% increase per year, 3 months bond

Operating hours

Mon – Sun – 8am – 5.30pm

Employees

2 x part time owners working weekends only 30 hours a week, 3x FT , 3 x Casual

Business Potential

• Run under semi management. The owners are only involved on the weekends. The weekdays are run under management.

• Owner operator can save on wages.

• Can add more car dealership accounts. Currently servicing 5 car dealerships in the area.

• More advertising for high end detailing work.

• Introduce online booking and website to help manage work flow and staff roster.

Financial Summary based on last 12 months sales

Weekly Takings $12,238

Cost of Goods. $500

Gross Profit $14073

Rent $2745 (Ex GST, includes truck+ café sublease)

Outgoings $365 (includes council rates and water)

Wages $4300 (not including the owners wage)

Telephone $40

Insurance $65

Electricity $360

Miscellaneous. $500 (bank fees, GST, repairs, maintenance)

Total Expense. $8375

Net profit. $3863

Estimated Stock $5,000

Estimated Equipment Value $150,000

Asking Price $395,000

The Opportunity

The owners are only involved on the weekends. Averaging 150 to 250 cars per week. Potential to take on more dealership work currently can only handle work for 5 dealerships averaging $2,000 per week. There is strong demand for dealership work in the area particularly on Parramatta Rd. This car wash café and food truck is currently on month to month rent.

Good opportunity for experienced owner to drive the business forward, save on wages and maximize potential.

Reason for sale

The owners have owned this car wash for 7 years and currently have other business interest not related to car wash

Sign Confidentiality Deed

Broker Firm

PO Boxes are not accepted

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Confidentiality Deed Poll *

BACKGROUND

A. The undersigned is desirous of obtaining the Promising Information from the Prospected Business Owner.

B. The Prospected Business Owner will provide the Confidential Information to the undersigned on the terms of this deed.

C. The Prospected Business Owner has required the undersigned to execute this deed when the Prospected Business Owner will provide Confidential Information to the undersigned, prior to the Prospected Business Owner providing Confidential Information to the undersigned.

TERMS AND CONDITIONS

The undersigned agrees as follows:

  1. That the Prospected Business Owner is the sole owner of such Information, and such rights, therein as are now owned or hereafter develop or are acquired by the Prospected Business Owner in connection with the Proposal Transaction and all Confidential Information derived to the undersigned.
  2. That by receipt of such Information, by the undersigned from the Prospected Business Owner, the undersigned acquires no proprietary interest in the Information (and where the term "Information" is used in these conditions, it means the information not already in possession of the public).
  3. That all such Information received by the undersigned from the Prospected Business Owner or from others who advise the Prospected Business Owner, both written and verbal, furnished to the undersigned by the Prospected Business Owner, is by its nature and is considered Confidential Information, and further will be provided in confidence and is to be held by the undersigned and used by the undersigned only at such time that the undersigned is considering the Proposed Transaction.

In the event that, unless the contract becomes effective, the Information is herein, confidential information, then all such Information and the terms of this Deed are subject to the confidentiality provisions of such contract, and

  • Will use the Information exclusively for the purpose of evaluating the Proposed Transaction, or if pertaining to the other party of the relationship of the Prospected Business Owner with the undersigned, only through the process of evaluating the Proposed Transaction or at present for the world doing contract1.
  • In written form is WRITTEN/SIGNED/SENT electronically if Vendor & SIGNED BY the undersigned clause C/P:

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