Listing ID: 77244
• Rare opportunity to own Full Service Car Wash with Gas Station, Mini Mart, 6 Bays Automotive and Detail Center
• Multiple Profit Centers are leased separately to Jewelry Shop, barber-Beauty Saloon, Tint Shop, Board and Realtor Signs which generate Thousands of Dollars per month
• This is truly One-Stop convenience center for customers.
• Car Wash just needs Dog/Pet Wash to add additional convenience for customers to wash their Pets while they are waiting for their cars
• Sellers are evaluating to add additional profit centers or lease to: Oil Change, Coffee Shop, Dog/Pet Wash, Glass Crack/Chip Repair. All these profit centers if operated by the owner can potentially raise the revenues $30,000-40,000 per mo.
• Gas Station recently upgraded, 6 new Pumps, underground wiring, credit card terminals to meet the new requirements and tested Tanks. Gas Station has 10 years fuel agreement with Sinclair Fuel
• Gas Station is easily accessible for Gas only services
• Mini Mart recently remodeled. Room to add Grab-N-Go Food Services
• Elite, spacious Corporate office with conference room and bathroom
• Sinclair Fuel Contract
- Asking Price: $10,990,000
- 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
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:10,162
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell operating businesses. However, the genuine reason and the one they tell you may be 2 completely different things. As an example, they might say "I have too many various obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might just be reasons to try to hide the reality of transforming demographics, increased competitors, recent reduction in profits, or a variety of various other reasons. This is why it is really crucial that you not depend completely on a seller's word, yet instead, make use of the vendor's answer together with your general due diligence. This will paint a much more sensible picture of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses borrow money in order to cover items like inventory, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can mean that profit margins are too small. Numerous businesses come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that must be fulfilled or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in brand-new clients? Most times, companies have repeat customers, which create the core of their day-to-day profits. Certain aspects such as brand-new competition growing up around the location, roadway construction, and personnel turn over can impact repeat clients and negatively influence future profits. One important thing to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business often, the better the possibility to build a returning consumer base. A final idea is the general location demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? Exactly how might the regional median household earnings influence future revenue prospects?