Listing ID: 67759
A rare offering, this business is a lean-run, low labor, express car wash located in one of the busiest traffic areas in a growing market area. Since opening in 2019, this business has served 55K customers, with most being on-going repeat customers, and has seen a significant upward trend in sales each year. This is due to superior service, quality and very competitive pricing, with expert advertising and marketing in place. 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, fully engaged owner could take this company to the next level.
*The prime real estate the business sits on is a .86-acre lot, with a high traffic count, and is owned by the owner of the car wash. The property is included in this price. The owner will represent himself and consider co-brokering.
This business will not last long – inquire today!
- Asking Price: $1,900,000
- Cash Flow: $65,970
- Gross Revenue: $252,545
- EBITDA: N/A
- FF&E: $113,456
- Inventory: N/A
- Inventory Included: Yes
- Established: 2019
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:2,800
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
New facility, stand-alone building constructed in 2019.
Seller will train a new owner - length of time is negotiable.
Owner wishes to downsize to prepare to move from the area.
With many competitors in the market area, this business competes on the basis of price, quality and service.
Growth potential is limited only to the creativity of a new owner.
The business was started in 2019, making the business 3 years old.
The company has 5 employees and resides in a building with estimated square footage of 2,800 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell operating businesses. However, the real reason and the one they tell you might be 2 completely different things. For instance, they may claim "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may simply be reasons to attempt to hide the reality of transforming demographics, increased competition, current decrease in revenues, or an array of various other reasons. This is why it is extremely important that you not count completely on a seller's word, yet instead, use the vendor's answer combined with your general due diligence. This will repaint a much more practical image of the business's present situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses finance loans with the purpose of covering things such as stock, payroll, accounts payable, etc. Keep in mind that occasionally this can imply that revenue margins are too thin. Lots of businesses fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that must be fulfilled or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location bring in new customers? Many times, businesses have repeat consumers, which create the core of their day-to-day profits. Certain aspects such as brand-new competition sprouting up around the area, roadway building, and staff turn over can impact repeat clients as well as adversely influence future incomes. One important point to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business on a regular basis, the higher the opportunity to build a returning consumer base. A final thought is the general location demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? Exactly how might the neighborhood typical household earnings influence future earnings potential?