UNDER OFFER Car Wash, Detailing and Cafe netting $3800 per week - 13 years lease - Sydney West

Description

Established as a car wash and café for more than 7 years in this Western Sydney location. The total area is approximately 1000 sqm and can hold up to 20 cars at a time. Currently servicing 250 to 300 cars per week, including 10 car dealership accounts on Parramatta Road. The site includes 4 wash bays, 4 vacuum bays, 2 finishing bays, and a café waiting area with seating for approximately 10 people outside and 15 people inside. The café and food truck are currently subleased for $1,680 per week to reduce rent.Lease3 years remaining, with 5 + 5 year option5 percent annual increases3 months bondOperating hoursMonday to Sunday, 8am to 5.30pmEmployees2 part time owners working weekends only, approximately 30 hours per week3 full time staff3 casual staffBusiness Potential• Operated under semi-management, with weekday operations fully managed and owners involved on weekends only• Owner operator model can reduce wage costs• Opportunity to expand car dealership accounts, currently servicing 10 dealerships in the area• Increased advertising potential for high end detailing services• Potential introduction of online booking and website to improve workflow and staffing efficiencyFinancial Summary (based on last 12 months sales)Weekly takings: $12,238Cost of goods: $500Gross profit: $14,073Rent: $2,745 (ex GST, includes truck and café sublease)Outgoings: $365 (council rates and water)Wages: $4,300 (excluding owner wage)Telephone: $40Insurance: $65Electricity: $360Miscellaneous: $500 (bank fees, GST, repairs, maintenance)Total expenses: $8,375Net profit: $3,863Estimated stock: $5,000Estimated equipment value: $150,000Asking price: $395,000