Listing ID: 77272
Express or Flex Car Wash conversion possible
• Great location, Major Street, Near Major Intersection and 91 Fwy. Across from Artesia Business Center
• 2 Bays, Window Tinting, Smog Shop or Auto Repair Services owner use or Rent for additional income around $4,000 per month
• Densely populated area, over 679,000 population within 5 miles radius
• $84 million, The Bridgepoint Project few minutes from the car wash just completed. It is scheduled to create hundred of local jobs
• Artesia Blvd renovation $26 million plan to create cleaner environment for families, enhance neighborhood appeals and cross walks under planning
• Car Wash Business + Real Estate $3,590,000
• See Flyer For Details
- Asking Price: $1,690,000
- 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 sorts of reasons why people choose to sell businesses. Nevertheless, the true reason and the one they say to you might be 2 completely different things. As an example, they might state "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may just be excuses to try to hide the reality of transforming demographics, increased competition, current decrease in revenues, or a variety of other factors. This is why it is really crucial that you not depend entirely on a vendor's word, yet rather, utilize the seller's answer in conjunction with your overall due diligence. This will paint a more reasonable image of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses take out loans in order to cover things such as supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that profit margins are too small. Lots of companies fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that need to be met or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract brand-new clients? Often times, companies have repeat customers, which develop the core of their everyday profits. Particular aspects such as brand-new competitors growing up around the area, road construction, and employee turn over can affect repeat customers and also negatively impact future revenues. One crucial thing to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business on a regular basis, the better the opportunity to build a returning customer base. A last idea is the basic location demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the local median home income effect future revenue potential?