Reference ID: 97566473
Highlights
- $5000 per week profit
- Lease until March 2028
- Established for more than 10 years in Sydney Western Suburbs
- Cafe already subleased for $1000 per week
Overview
- Sales are very strong. Previous sales 17k - 18 per week
before covid-19 - Can sub lease to food truck on premises to further reduce rent and increase profit
- Can add more car dealership accounts
- Add more services, window tinting, scratch repairs etc
Deal details
FinancialsSummary
Weekly Takings $15,000
Cost of Goods. $350
Gross Profit. $14,650
Rent $2183 (Ex GST includes the cafe sublease $1000 p/week)
Outgoings $384 (including water and waste removal)
Wages $5500 (not including the owners wage)
Telephone $20
Insurance $75
Electricity $162
Water $120
Miscellaneous1 $750 (bank fees, GST, repairs and maintenance)
Total Expense $9214
Net profit $5786
Estimated Stock Value $5,000
Estimated Equipment Value $100,000
Asking Price $475,000
About
The Business:
Established as a car wash and cafe for more than 10 years in the Liverpool LGA. The total area is about 1000m2 can hold up to 20 cars in total. Currently washing 300 - 400 cars a week including smash repair contract who send about 10- 12 cars a day
This car wash includes 3 wash bay, 3 vacuum bays, 2 finishing bays, café waiting area for about 20 people outside and 20 people inside
Currently the cafe is subleased for $1000 per week. So the owner can concentrate on just the car wash without worrying about the day to day running of the cafe.
Operating hours
Mon – Sun – 8am – 5pm
Employees
1 x FT owner, 4 x FT, 3 x Casuals
Lease
7 year lease until January 2029, No CPI increase until 2023, 2% there after, 3 months bond
Please Login to view more details.
Disclaimer:
Images used may be stock images and not representative of the listing. Any reference to earnings, EBIT or EBITDA, may include add backs relevant to the current owners. Investing in a business, private company, or fund carries a high level of risk. This information is not intended to provide tax, legal, or investment advice, nor is it a solicitation or offer to purchase or sell any securities or other financial instruments. We provide free tools and resources to assist users in performing due diligence and strongly encourage them to conduct their own independent due diligence prior to investing in a business, securities, or financial instruments. A purchaser must be willing to accept the loss of their investment and is encouraged to obtain additional information, opinions, financial projections, and legal or other investment advice prior to investing or purchasing.
Business Location | City of Sydney, New South Wales, Australia |