Management Consultant - Nathan Kelly
CEO and Principal
0411 712 936
Industry:
Automotive/Car wash
State:
New South Wales
City:
Northern NSW
Established:
8 years
Number of Employees:
5
Reason for Sale:
Relocating
Adj Net Profit:
$165,000
Revenue:
$420,000
Plant and equipment:
$200,000 plus
Freehold:
not available
Asking price:
$595,000
Automotive business for sale details:
OFFERS ENORMOUS POTENTIAL FOR FORWARD THINKING BUYER This great cash flow orientated business (WITH NO DEBTORS) has been established for 8 years in an ever growing residential and industrial community.
Last years turnover was $420,544 which enables the owner to PROVE HIS PROFITS of $165,551pa which is rare in the carwash industry. There is approximately 14 years remaining on the 1,200 m2 lease so there is plenty of time to improve your profits. Rent is $70,000 plus GST pa, outgoings are about $5,000 including water charges.
If CAPITAL GROWTH is what you are looking for then this is it. It is suggested that if a new owner was to install and lease a touch free machine, profits would increase to a level that would value the business in today market at $1,500,000 in 2-3 years time.
Changing environmental circumstances makes this “undoubtedly” a business for the future. Water restrictions are not a concern as this environment only improves business levels as private car owners LOOK FOR ALTERNATIVES.
Facilities include one automatic brush machine, 3 self serve bays and 4 vacuum bays. Income is derived from self serve bays (30%) and detailing services (70%) and these are complimented by a small kiosk style shop.
