Listing ID: 77278
Car Wash – Major Intersection – Over 78,000 CPD
HIGH TRAFFIC MAJOR INTERSECTION – UPSTAIRS OFFICE – EASY TO MANAGE
• Mid-Size easy to Manage Car Wash, Cost effective
• Located on a major high traffic Boulevard and Major intersection
• Over 600,000 population in 5 miles radius
• Strip Shopping Center coming soon across from the Car Wash
• Walk distance to Sunday Swap Market
• Upstairs Office with bathroom
• Great Opportunity for First Time Buyers
• Existing Car Wash owners, now is the time to expand and add another Car Wash
SEE ATTACHED FLYER
- Asking Price: $1,190,000
- 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 types of reasons why individuals resolve to sell companies. However, the genuine factor and the one they say to you may be 2 entirely different things. For instance, they might claim "I have a lot of other commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might simply be excuses to try to hide the reality of altering demographics, increased competitors, current decrease in incomes, or a range of various other reasons. This is why it is really crucial that you not count absolutely on a vendor's word, but rather, utilize the seller's answer combined with your overall due diligence. This will repaint a much more realistic picture of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies finance loans with the purpose of covering points such as stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that earnings margins are too thin. Lots of organisations come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that must be met or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract new clients? Often times, operating businesses have repeat customers, which form the core of their everyday revenues. Particular variables such as new competition sprouting up around the area, road building and construction, and staff turn over can impact repeat customers and also adversely impact future earnings. One crucial thing to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business regularly, the higher the opportunity to construct a returning consumer base. A last thought is the basic area demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? How might the local mean household income effect future earnings prospects?