Listing ID: 77287
• Rare opportunity to own an Express Car Wash with 2 Tunnels
• 1 Tunnel is being operated for an Express Car Wash, 2nd Tunnel can be used for Hand Wash, Express Auto Detailing or an Express Oil Change
• Room to add additional services, increase business or lease the space to Window Tint, Smog Shop or other use. Large building over 7,000 SF
• Seller is leasing portion to auto detailing for $3,600 per mo. Other space available for rent
• Located on main street, near Major Auto Dealerships, Ford, Dodge, Chrysler and independent dealers
• Community College, DMV, few minutes away
• City is nicknamed as Horse Town USA, famous for horses and trails. Rural and Modern living, 3,000-5,600 SF homes near Golf Course
• Norco-Corona near 15 Fwy and 91 Fwy
• See Flyer for details
• Broker Co-Op Welcomed
- Asking Price: $1,990,000
- 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
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell companies. Nevertheless, the true reason vs the one they tell you may be 2 totally different things. As an example, they might say "I have too many various responsibilities" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might simply be excuses to attempt to conceal the reality of changing demographics, increased competition, recent decrease in revenues, or an array of various other factors. This is why it is really essential that you not depend absolutely on a seller's word, yet instead, make use of the vendor's response along with your total due diligence. This will paint an extra practical image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses finance loans in order to cover things like stock, payroll, accounts payable, etc. Bear in mind that sometimes this can imply that profit margins are too tight. Lots of businesses fall into a revolving door of taking loans 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 might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location draw in brand-new clients? Many times, businesses have repeat customers, which develop the core of their day-to-day revenues. Particular elements such as brand-new competitors growing up around the location, roadway building, and personnel turnover can influence repeat customers and also adversely influence future revenues. One crucial thing to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business on a regular basis, the greater the chance to develop a returning consumer base. A last thought is the general location demographics. Is the business placed in a densely inhabited city, or is it located on the outside border of town? Just how might the regional mean home earnings impact future revenue potential?