Listing ID: 73546
Turnkey Automated Full Service Car including real estate for sale in Licking County Ohio. Business has been owned and operated (Absentee) by the current owner since 2018 has been in business since 1994. Automated Tunnel Car Wash Building (Approximately 4,284 sq. ft.) Tunnel and Office. Four Additional Service Bays. One (1) Used for Hand Detailing remaining Three (3) can be fitted for Self Wash (Approximately 640 sq. ft). Many upgrades throughout. Extremely confidential listing.
Business and Real Estate priced at $1,275,000
Only Full service car wash in immediate area !!
Needs In Town Operator !!!
• Established Business with Real Estate Included
• Only Full Service Car Wash in Immediate Trade Zone
• Existing Exterior Pay Lane for Easy Express Wash
• Located at corner of High Traffic Intersection
• Frontage on Main Road
Improvements Made in 2018 and 2019:
•New Roof on Building
•Electrical system upgraded to accommodate new equipment
•New automated doors (Tunnel) and new door of Detailing Bay
•New or refurbished Conveyor Chain and Rollers
•New Nine (9) Self Vacuum Stations
•New or refurbished Carwash Controllers
•ROS (Reverse Osmosis Water) system installed
•3 New RFID POS Systems (Ability to read membership-based consumer)
•New security camera system
• Automated Tunnel Car Wash Building (Approximately 4,284 sq. ft.) Tunnel and Office.
• Four Additional Service Bays. One (1) Used for Hand Detailing remaining Three (3) can be fitted for Self Wash (Approximately 640 sq. ft)
• Lot Size: 0.79 AC +/-
- Asking Price: $1,275,000
- Cash Flow: $122,763
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 1994
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:6,536
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Stand Alone Corner Property. Square Footage: 6,536 Conveyor and Wash Equipment updated in 2018 and Nine Vacuum Stations New in 2018. Located on Corner of High Traffic intersection. Outstanding Visibility, Easy Access.
Seller has other business interest.
Competition: Only Full Service Automated Car Wash in immediate trade zone. Potential Growth: Outstanding Opportunity for In Town Operator !!!!
The company was established in 1994, making the business 28 years old.
The company has 3 FT employees and resides in a building with estimated square footage of 6,536 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell operating businesses. Nevertheless, the true factor vs the one they tell you might be 2 completely different things. For instance, they might claim "I have a lot of various commitments" or "I am retiring". For many sellers, these factors stand. But, for some, these may simply be reasons to try to hide the reality of transforming demographics, increased competition, current decrease in earnings, or an array of various other factors. This is why it is very important that you not count totally on a vendor's word, yet rather, use the vendor's solution in conjunction with your overall due diligence. This will paint an extra practical picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses finance loans with the purpose of covering items such as inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can imply that revenue margins are too tight. Numerous organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that have to be fulfilled or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in brand-new clients? Many times, companies have repeat clients, which form the core of their daily revenues. Particular variables such as new competitors sprouting up around the location, road building, as well as staff turn over can impact repeat consumers and adversely impact future revenues. One crucial thing to think about is the area 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 often, the better the opportunity to build a returning client base. A final idea is the general area demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? Just how might the neighborhood average household earnings impact future earnings prospects?