Business Overview

Rare opportunity with multiple complimentary revenue streams. Limited competition. Grow sales and add substantial value. 2020 Sales: $174,738. Financials upon request. Car Wash: Self serve wash bays equipped with spray wand, foam brush and triple foam application system. In bay automatic Mark VII Aquajet GT-500 touchless wash system provides under carriage, rocker panel, presoak, high pressure wash and rinse, clearcoat, triple foam colorshine and on board dryer cycles. IBA bay equipped with automated exit and entrance air operated doors. LED lights in the interior and exterior have been upgraded to LED. All bays monitored by cameras. Laundromat: ADT 24 HR security system monitors doors and shock sensors in both change machines. Exterior and interior lights controlled by timing system which allows opening and closing of the facility. Customers enjoy heat, laundry carts, product dispensers, a drink vending machine and a 32 Inch TV.

Financial

  • Asking Price: $695,000
  • 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

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:4,100
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Car Wash: Self serve wash bays equipped with spray wand, foam brush and triple foam application system. In bay automatic Mark VII Aquajet GT-500 touchless wash system provides under carriage, rocker panel, presoak, high pressure wash and rinse, clearcoat, triple foam colorshine and on board dryer cycles. IBA bay equipped with automated exit and entrance airoperated doors. LED lights in the interior and exterior have been upgraded to LED. All bays monitored by cameras. Laundromat: ADT 24 HR security system monitors doors and shock sensors in both change machines. Exterior and interior lights controlled by timing system which allows opening and closing of the facility.

Pros and Cons:

Limited competition.

Opportunities and Growth:

Grow sales and add substantial value.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals decide to sell businesses. Nonetheless, the true factor and the one they say to you may be 2 entirely different things. As an example, they might state "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons stand. But, for some, these may just be reasons to try to conceal the reality of changing demographics, increased competitors, recent decrease in revenues, or a range of other reasons. This is why it is extremely vital that you not count entirely on a seller's word, however instead, utilize the seller's answer together with your total due diligence. This will repaint a much more realistic picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses take out loans so as to cover items like supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can imply that revenue margins are too thin. Numerous companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that need to be fulfilled or may result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area draw in new clients? Often times, businesses have repeat customers, which form the core of their day-to-day earnings. Specific factors such as new competition growing up around the location, road building, and also staff turn over can impact repeat consumers and negatively impact future revenues. One vital thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business regularly, the better the chance to construct a returning consumer base. A final idea is the basic area demographics. Is the business located in a densely inhabited city, or is it situated on the outskirts of town? Just how might the local average family earnings influence future income prospects?