Listing ID: 77235
One of the largest full service 100% Hand Wash in the Hemet-San Jacinto Valley offers variety of services
Full Service 100% Hand Wash
Dually’s and most double tire vehicles washed on line
Oil Change – Castrol name brand oil center
Window Tint – Fully computerized window tint system
Auto Detail and advance custom auto detailing center
Windshield Crack-Chip repair
Sandwich shop and food snack center opening soon
Mobile Wash and Detailing available, but not serving
Water recycle system Spot Free rinse
New 30 HP Vacuum Dual Vacuum
Dual vacuum system Dual air compressor system
Custom Built Proto-Vest 60 HP Wind-Shear air drying system
Multiple office space and storage spaces
Office with newly upgraded Kitchen, Fireplace, Jacuzzi and more
64 Video camera surveillance system
SEE FLYER FOR DETAILS
- Asking Price: $2,290,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell companies. However, the genuine reason and the one they tell you might be 2 absolutely different things. As an example, they may say "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might just be excuses to try to conceal the reality of changing demographics, increased competition, current reduction in earnings, or a range of other factors. This is why it is extremely vital that you not depend totally on a vendor's word, however rather, use the seller's answer combined with your total due diligence. This will repaint a more practical image of the business's current circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many companies borrow money in order to cover things such as supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can mean that revenue margins are too thin. Numerous businesses fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that should be met or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract new consumers? Most times, businesses have repeat customers, which form the core of their daily earnings. Particular elements such as new competitors sprouting up around the area, roadway building, and staff turn over can influence repeat consumers as well as adversely impact future profits. One essential thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business regularly, the better the opportunity to build a returning customer base. A last thought is the general area demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? How might the neighborhood mean home earnings impact future revenue potential?