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PROFILE |
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Description: |
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This well established property was acquired by the existing owner in 2004. This stand is 638mē in extent and has an excellent location for the car wash operation. Zoning allows for more building. Genuine reasons for sale. Priced to sell against valuations averaging R3m.
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Industry / Sector: |
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Motor - Other |
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LOCATION |
| State / Province: |
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Western Cape RSA |
| City / Town: |
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Helderberg |
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Location / Area: |
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Helderberg |
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Metro Proximity: |
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Cape Town. It should be possible to commute from this metro city to the business location. |
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Portability: |
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Zero Portability - This business can only operate from the area specified. There is no potential whatever for it to be relocated elsewhere.
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PRICE |
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Asking Price: |
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R 2 200 000 |
| Conditions: |
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Cash |
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FINANCIAL & OPERATING INFORMATION |
| Turnover: |
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R 60 000 per month
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| Profit: |
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R 12 000 per month
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| Annual Return: |
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7
% per annum
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| No. of Staff: |
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5 |
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Year Established: |
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2004 |
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Legal Persona: |
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- unknown or withheld - |
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Other Information: |
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LOCATION
The site is next to one of the main arteries in the Helderberg area with huge visibility from two roads bordering. Is is also adjacent to a popular fuel station.
Cape Town, at 50km away is a 40 minute commute.
REASON FOR SALE and PROSPECTS
This business is manager run and due to the death of the owner the rest of the family has not been involved full time. There is therefore huge opportunity to turn the business around.
VALUATION
The owners obtained valuations from different registered valuators which vary between R2,7 million and R3,3 million, which includes the business.
PROPERTY ZONING and EXPANSION
The stand is presently zoned for "General Business 4".
The existing zoning allows a 80% coverage on the property which means a building of 510mē can be erected as a single storey building.
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