Car Wash Netting $2700 per week - South West Sydney - Allbiz Deal Room for Capital Raising & Business Sales - Deal Rooms, Data Rooms For Raising Capital

Car Wash Netting $2700 per week - South West Sydney

By Tony Banh Business Broker

(0)

Illawong 2234 Illawong, New South Wales, Australia

25 1110

$250,000

Listing ID (or SKU)

78869219

Uploaded

4 months ago

Listing Description

Highlights

Car Wash Nets $2700 per week
Previous sales $13,000 - $14,000 per week pre-covid
Cafe currently being subleased for $3000 p/ month
Potential network with surrounding businesses, Gym, KFC, Aldi

Overview

5 years established car wash with lots of regular customers. Potential for sales to return to $13,000 - $14,000 per week pre-covid. The café is subleased at $3000 per month to reduce the weekly rent.

Subject to landlord approval. Suitable for experienced buyers only. Will need shopping centre approval to purchase.

Deal details

Financials Summary

Weekly Takings $9,000
Cost of Goods $450
Gross Profit $8550
Rent $2146 (Ex GST, includes café sublease)
Wages $3000 (excludes the owners wage)
Telephone $20
Insurance $100
Electricity $80

Misc 1 $500 (GST, bank fees)

Total Expense $5846

Net profit. $2704

Estimated Stock Value $3,000

Estimated Equipment Value $100,000

Asking Price: $250,000 + Stock

Comments: The café has just been subleased for $3,000+GST per month for 6 months and then $4333+GST per month thereafter on a 2+2 year lease

The Business: Established in 2017 the car wash is around 600m2 in the parking lot of one of the largest shopping centres south west of Sydney. 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 150 – 250 cars a week (depending on the weather) with an average sale for car wash around $40-$60 per car