Listing ID: 76096
This car wash has been well maintained. The owner has made consistent and significant reinvestments in repairs, maintenance, and capital improvements. If you’re tired of working long hard hours washing cars for a small percentage while making others wealthy. This is an excellent opportunity to acquire an established Busy and profitable Oil Change, carwash and detailing business for sale. Can operate as an absentee business.
Asking Price: $1,400,000
Gross Revenue: $1,2000,000
Owner’s Cash Flow: $300,000
Rent includes water and R/E $16,000 per month
Payroll $27,000 per month
- Asking Price: $1,400,000
- Cash Flow: $300,000
- Gross Revenue: $1,200,000
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $20,000
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,000
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
The transaction shall not include inventory valued at $20,000*, which ins't included in the asking price.
The business has 10 employees and resides in a building with approx. square footage of 4,000 sq ft.
The property is leased by the business for $16,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell businesses. Nevertheless, the genuine factor vs the one they tell you may be 2 absolutely different things. As an example, they might state "I have too many various obligations" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may simply be excuses to try to hide the reality of transforming demographics, increased competition, current reduction in earnings, or a range of other reasons. This is why it is very vital that you not rely absolutely on a vendor's word, yet rather, utilize the vendor's answer combined with your total due diligence. This will paint a more reasonable picture of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses take out loans with the purpose of covering items such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can mean that revenue margins are too thin. Numerous companies fall into 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 may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that have to be fulfilled or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location draw in new clients? Most times, companies have repeat consumers, which develop the core of their everyday profits. Specific aspects such as new competition sprouting up around the location, road building, and staff turn over can influence repeat clients and negatively influence future revenues. One vital thing to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business regularly, the greater the opportunity to construct a returning customer base. A last idea is the basic location demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? How might the neighborhood mean family earnings influence future income potential?