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Full Service Car Wash
North CarolinaListing DetailsOffice ID: WASH2
Status: Under Contract
Listing Broker: Joe Vagnone
Listing Price: $425,000
Gross Revenue: $505,797
Cash Flow: $129,977
FF&E Included: Yes
Acreage: .95-Acre Lot
Real Estate Included: No
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:
The sellers will consider some financing to the right qualified buyer.
Absentee Owner: Yes
Reason for Sale:
Owners are pursuing other interests.
Training:
Owners will train and support a new owner for 60-90 days; and accessibility for 1 year.
OperationsYear Established: 2010
Form of Ownership: LLC
Employees (full-time): 3
Employees (part-time): 16-20 - Varies
Managers: 3
Business Hours: 7:30am – 7:00pm Monday-Saturday; 9:00 am – 6:00 pm Sunday
Summary
Business Description:
A rare offering, this business is a well-run, profitable, full service car wash located in one of the busiest traffic areas in the fast-growing market area, which is expected to more than double by 2030. Since opening in 2010, this business has served more than 4,500 unique customers, with the average 2016 customer having been a dedicated customer for over 4 years. This is due to superior service, quality and very competitive pricing, with word-of- mouth advertising bringing in the highest revenue among community professionals and seniors. This business utilizes state-of-the-art business computer technology and the latest equipment. The growth potential of this business is virtually unlimited. With even more untapped upside potential, a new, talented owner could make this company a giant. *Although not included in the sale of the business, the prime real estate the business sits on is a .95-acre lot, with an extremely high traffic count, and is owned by the owners of the car wash. The land is also for sale.
Historical Summary:
This business has experienced remarkable growth and boasts a dedicated customer base since opening its doors in 2010.
Owner Qualifications:
Managing the P&L, hiring qualified personnel, marketing & day-to-day operations, including repair work & trouble-shooting equipment.
Competition:
There are 2 main competitors in the market area, and this business competes on the basis of price and higher quality service.
Potential Growth:
The growth potential of this business is virtually unlimited, especially with the installation of a flex/serve system.
LocationType of Location: Stand Alone
Facilities:
This business is located in one of the busiest traffic areas in the market area, in a stand-alone building on a .95-acre lot. The prime real estate this business sits one is located in one of the most up-market areas in the county. The land is also for sale.
Last Updated: May 8, 2017 / 12:42 PM
Financial Information Current as of: Jun 23, 2016 / 3:40 PM