UNDER OFFER - Car Wash and Cafe - Netting $5600 per week - Located Inner West Sydney

Description

The Business: Established as a car wash and café for more than 14 years. The total area is approximately 1200 sqm and can accommodate 20 to 30 cars at any time. Currently servicing 300 to 400 cars per week, including 10 car dealership accounts on Parramatta Road. Services include maintenance washes between $80 to $150, high end detailing between $1000 to $1500, and PPF services between $4000 to $8000.The site includes 3 wash bays, 4 vacuum bays, 2 finishing bays, and a café waiting area with seating for approximately 20 people inside and 20 people outside.Lease5.5 years remaining4+3 year lease from 1 March 2023 to 28 February 20274 percent annual increases5 months bondOperating hoursMonday to Sunday, 8am to 9pmEmployees6 full time, 8 casualBusiness Potential• Run fully under management, with owners based in Melbourne and visiting every 2 to 3 months• Owner operator can reduce wage costs• Demand exceeds current staffing capacity, with potential to reach $40,000 to $50,000 weekly sales• Opportunity to sublease night operations to reduce rent• Opportunity to sublease food truck to offset costs• Expansion potential in car dealership accounts, currently servicing 5 dealerships with one supplying 30 cars per week• Increased advertising for high end detailing services• Implementation of online booking and website for workflow and staffing efficiencyFinancial SummaryWeekly takings: $25,000Cost of goods: $1,500Gross profit: $23,500Rent: $3,941 (ex GST)Outgoings: $500 (council rates and water)Wages: $12,000 (excluding owner wage)Telephone: $20Insurance: $115Electricity: $300Miscellaneous: $1,000 (bank fees, GST, repairs, maintenance)Total expenses: $19,876Net profit: $5,624Estimated stock: $5,000Estimated equipment value: $500,000Asking price: $750,000