Listing ID: 77295
• Busy-Busy-Busy Self-Serv Car Wash with 5 Bays – 4 Self-Serv and 1 Drive Thru
• Hi-Traffic – High Visibility corner lot, near major intersection.
• Located on over 1 acre of land with covered Vacuums and Drying area
• Car Wash is surround by Shopping Areas, Fast Food, Gas Stations and many other Businesses
• Great opportunity for 1st time Buyers and experienced Car Wash operators to expand
• Room to add additional services.
• Be your ow Boss, start you business now
Broker Co-Op Welcomed
See Flyer for Details
- Asking Price: $1,880,000
- 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 kinds of reasons individuals decide to sell businesses. However, the real factor vs the one they tell you may be 2 completely different things. For instance, they might claim "I have way too many various commitments" or "I am retiring". For many sellers, these factors stand. But, for some, these may simply be reasons to try to hide the reality of changing demographics, increased competitors, current decrease in earnings, or an array of other factors. This is why it is extremely crucial that you not rely completely on a seller's word, however instead, make use of the seller's answer together with your total due diligence. This will paint an extra realistic image of the business's current scenario.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies borrow money in order to cover items such as inventory, payroll, accounts payable, etc. Remember that in some cases this can imply that revenue margins are too thin. Lots of companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that should be met or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in new customers? Often times, businesses have repeat customers, which develop the core of their day-to-day profits. Specific factors such as brand-new competition growing up around the area, road construction, and also staff turnover can influence repeat customers and negatively impact future profits. One essential thing to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more individuals that see the business regularly, the higher the possibility to develop a returning consumer base. A last idea is the general location demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? Just how might the neighborhood median home income effect future revenue prospects?