Description

Business Description: Silk Letting Ltd is delighted to welcome to the market this unique car wash and valeting service business also offering men's haircuts while you wait for your car to be cleaned to perfection and tyre changing services. This business is highly renowned for their high standards and customers travel from near and far to get their cars cleaned here.You can treat your car with:- Just a wash- Wash and Dry- Mini Valet- Mini Valet 2- Polish- Buffing Mopping- Full ValetThe business has many 5* reviews across multiple platforms and offers incentives/rewards if people leave an honest review whether that be good or bad (not that they have had any complaints). The business also has an active presence on social media platforms such a Facebook and Tik Tok, they have over 11,500 followers posting satisfying videos of the before and afters of their work.This business benefits from being the only car wash in the area!Location: Situated on the corner of a busy main road in Wolverhampton this business is in the prime location for passing traffic and does receive a high number of new customers from people passing by along with repeat customers from the local residential areas.This car wash is surrounded by other local businesses who offer services such as car repairs and bodywork, this adds greatly to their car washing services as people will often have an issue fixed on their car and then decide to get it cleaned while passing on their way home.Some of the local businesses and amenities include:- Convenience store across the road- Car dealership- Skip hire- Repairs and body shop- Takeaways- Large play park- Primary schoolPremises, Fixtures, and Fittings: This business includes all stock, fixtures and fittings meaning it is fully equipped and ready for any new owner to take over.- 2 vacuums- 1 3-phase jet wash- 2 1-phase jet washes- 250-300 tyres various sizes- Commercial car cleaning products- Cleaning accessories- Office space with computers, cameras and active security system- All features and equipment shown in barber shop includedTenure and Financial Profile: This property is Leasehold the Landlord is happy to create any new tenancy agreement for any new owner.The current rent is - £15,600 per year.This business benefits from small business rates relief meaning it does not pay any business rates.Turnover: £100,000.Business Hours: The business currently operates Monday to Sunday from 08:30 am 7 pm.Reason for Sale: The owner is selling due to other business commitments, this creates the perfect opportunity for any new owner to take over an already well established and profitable business.Staff: 5 current staff members of which 3 are happy to continue employment under new ownership.1 Manager and 2 Labourers, all full-time employees.A barber is not currently employed however the seller is looking for a candidate for the position.Growth Potential: Opportunity to hire more barbers and branch out into further clientele along with customers coming to use the car services or you rent out the space on a self-employed basis.Opportunity to hire bike specialists, as the business is near to a local well-known cycle route it would be a great gap in the market to fill with bike hire or repairs.With such a fast-growing social media presence marketing any new ideas would be reaching a lot of new potential customers.Opportunity to create a business partnership with a local cafe such as Coffee Express and offer a complimentary coffee to customers using the barbershop or even customers just waiting to add to the customer service experience and rapport with the customers.This business previously had a mobile valeting service however since covid the seller has sold the van due to lack of demand for the service. Now the demand increases once again this could be a great opportunity to add to the business.Opportunity to create partnerships with local car repair/body work businesses. A deal could be offered to clients that once they've had the service, they could also get a car wash within the deal.**This is a fantastic opportunity not to be missed**Viewings are by appointment only and all enquiries are to be directed to Silk Letting!Contact Keeley on. For more details and to contact: