Soak City Car Wash Norwest

Landmark Norwest Car Wash — Fully Automated, Single Staff Member, 10-Year Lease to 2035

Soak City Norwest is a purpose-built, fully automated car wash occupying a standalone pad site at Norwest Marketown, in the heart of Sydney's Norwest business and residential precinct. The site is operated by a single staff member on a gross lease with no outgoings payable, and has traded continuously under the same ownership since being purpose-built and fully refitted. A newly executed ten-year lease to September 2035, carrying four further five-year options, is available for assignment. Four consecutive years of monthly management accounts are available to qualified buyers under a confidentiality agreement.

Why this business stands out

Four years of documented, growing trade

The business has traded under continuous corporate ownership with four consecutive financial years of monthly management accounts, prepared to listed-company standard by the vendor's finance team. Turnover has grown materially across that period, and operating margins have been consistent year on year — a direct product of the site's automation and its very low labour requirement.

Full financial detail, including four years of profit and loss statements presented on the Australian financial year, is released to qualified purchasers on receipt of a signed confidentiality agreement.

One staff member, seven days a week

The site is attended 9:00am to 5:00pm, seven days per week, by a single staff member. There is no on-site management layer and no owner working in the business. For an incoming operator this is close to the lowest labour intensity available in the car wash sector, and it leaves obvious scope for a hands-on owner-operator to improve the return further.

Automated plant, recently capitalised

The vendor has invested $1.72 million in capital at this site — $1.23 million in equipment and $490,000 in site improvements. The installation includes PDQ LaserWash 360 automatic bays with Anztec entry units, self-serve bays, iVac vacuum stations, a K9000 dog wash, vending, and eleven Nayax cashless terminals, supported by water softening, reverse osmosis, an oil separator and a purpose-designed plant room.

Gross lease, no outgoings

The lease is fully gross. Land tax, council rates, building insurance, centre management fees and promotional levies are all the landlord's responsibility and none are recoverable from the tenant. The tenant pays only separately metered utilities, its own cleaning and waste removal, and maintenance of plant serving the premises exclusively. In a market where outgoings on a comparable site routinely run to five figures annually, this materially lifts the quality of the earnings.