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Overview

Carwashes

Premiere State of the Art Express Car Wash

Price: $1,700,000

Listing ID: WASH6

Entity Classification(M): Limited Liability Corporation

Year Established: 2022

Annual Sales: $1,000,000

FF&E: $825,300

Days & Hours of Operation: Mon – Fri: 8 am – 8 pm; Sat and Sun: 8 am – 6 pm.

Full-time Employees: 10

Reason For Sale: Other Interests

Reason for Sale Comments: Owners trying to start a family, and wish to pursue personal matters.

Limited Seller Financing: Seller will consider providing financing to the right qualified buyer.

Listing Status: Active


Summary

Description:

This premiere car wash is a new, state-of-the-art express car wash that opened in the summer of 2022. With attention to quality, customer care, and detail, this business stands out from its competitors, and is ideally suited for an owner/operator to take over and grow an already successful business. • Established car count of 125 - 150 cars per day, and growing • Tracking goal of 300 cars per day, which would provide annual free cash Jlow of $700K • Subscription Memberships (~800) make up approximately 50% of revenue • First time users represent 25% of non-member car count • TrafJic Count of 33k per day, with a corner location • Great website and active social media presence with more than 800 followers on Instagram and Facebook • Great company culture, with a stable team of 8-10 attendants • Brand new equipment, state of the art, about 1.5 years old • Express wash – low labor, ideal for an owner/operator • Excellent growth potential with cash flow increasing weekly • Great location – dual corner access, many marquee businesses nearby, 1.5 miles from a major university campus • No capital expenditures will be required of a new owner – this is a turnkey operation. With its prime location, state-of-the-art equipment, and expanding customer base, this car wash presents a tremendous opportunity for an owner to take this thriving business to the next level. Inquire today to learn more!

Historical Summary:

Current owners acquired the business in the summer of 2021, and opened in June 2022 after a complete overhaul replacing all equipment and acquiring additional machinery to convert from a full-service into what is currently an express car wash.

Competition:

With many competitors in the market area, this business competes on the basis of Customer service and customer experience.

Growth & Expansion Opportunities:

The numbers don’t tell the true story of the premier location near a prestigious ACC University. Annual sales are projections based on an 8% increase per month current trends. Save yourself the trouble of finding a location and a great deal of build-out time - this wash is ready for a owner/operator to exceed the projected sales of $1M.

Competitive Advantages:

This business is privately owned, and boasts a fantastic corner lot location in an area with an exceptionally large traffic count.

Owner Qualifications:

Cash wash experience is an advantage, Customer relations / service experience, marketing and sales experience beneficial

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Joe Vagnone

Senior Broker – Charlotte, NC

Office: (919) 341-1100

Cell: (704) 577-8030

Contact Listing Broker

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Real Estate Transaction Handled by

2009 Caminos Drive, Raleigh, NC 27607

Real estate agent's disclosure Form

Location: Forsyth County, NC

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