Listing ID: 77289
EXPRESS or FLEX CAR WASH CONVERSION POSSIBLE
Pride of ownership, built by experience car wash operators
Most Double Tires vehicles washed online – Dually’s etc
Car Wash services offered:
100% Hand Car Wash – Oil Change – Window Tinting – Smog Shop – Windshield Crack/Chip Repair
Opening Soon Food-Sandwich & Snack Shop – Mobile Wash and Detail Services available
SEE FLYER FOR DETAILS
BROKER CO-OP WELCOMED
- Asking Price: $4,690,000
- 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
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- 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 sorts of reasons people choose to sell operating businesses. Nonetheless, the genuine factor and the one they say to you might be 2 entirely different things. As an example, they may say "I have a lot of various responsibilities" or "I am retiring". For many sellers, these reasons stand. But also, for some, these might simply be justifications to attempt to hide the reality of changing demographics, increased competitors, recent decrease in incomes, or a range of various other reasons. This is why it is extremely vital that you not rely entirely on a seller's word, but rather, make use of the seller's answer along with your total due diligence. This will repaint a much more practical picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses finance loans in order to cover things like inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can suggest that revenue margins are too tight. Many organisations 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 think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that have to be met or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract brand-new clients? Often times, companies have repeat customers, which develop the core of their day-to-day revenues. Particular elements such as new competitors growing up around the location, road building, and also personnel turnover can influence repeat clients as well as negatively impact future earnings. One crucial thing to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business often, the better the opportunity to construct a returning client base. A last idea is the general area demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? Just how might the regional typical house earnings effect future earnings prospects?