Listing ID: 78429
Existing free standing car wash with automatic bays (touch free).
Great Location, Turnkey for a new buyer
Car Wash Monthly Average sale is more than $100000
Oil change and inspection can be added
1 full time and 2 part-time individuals managing all sites
SBA Financing available
- Asking Price: $5,200,000
- Cash Flow: $685,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $475,000
- Inventory: N/A
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
The business has 3 employees and resides in a building with estimated square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell companies. Nonetheless, the real reason vs the one they tell you might be 2 totally different things. For instance, they may state "I have a lot of various commitments" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might just be justifications to attempt to hide the reality of changing demographics, increased competitors, current reduction in earnings, or a variety of various other reasons. This is why it is extremely essential that you not count entirely on a vendor's word, but rather, use the seller's response combined with your overall due diligence. This will paint a more reasonable picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Lots of businesses finance loans in order to cover things like supplies, payroll, accounts payable, and so on. Remember that in some cases this can mean that earnings margins are too tight. Lots of organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that must be satisfied or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area draw in new customers? Most times, operating businesses have repeat customers, which develop the core of their daily revenues. Specific factors such as new competitors sprouting up around the area, road construction, as well as employee turn over can influence repeat clients and negatively affect future revenues. One vital thing to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business regularly, the better the possibility to build a returning customer base. A last thought is the general location demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? How might the local median household income impact future income prospects?