Listing ID: 80894
Business Overview
Car Wash/Gas Station/C-Store in Ada County Idaho: This is a successful and established facility that is well maintain and is on a “Premier” location. This is a “Flag Ship”, High Quality”, “Big Volume” operation that is in “Grand Opening” condition!
– Sales for 2021 ended up +16.2% with Cash Flow of $170,723.
-COVID closure, partial openings and no one traveling for 2020 hurt sales & profits but improving in 2021. Still plenty of issues with employee shortages due to COVID and labor supply.
-Reimaging has been completed, as well as a New POS System, New Canopy and New Car Wash Computer! Traffic counts are 33,000 cars daily.
-The building size is 10,200 sq. ft. and the lot size is 48,000 sq. ft.
-The convenience store is 3,000 sq. ft. and is well stocked and merchandised for maximum sales!
-The facility has cameras, alarms, lounges and 2 restrooms.
-The location has a Full-Service Wash/Detail Shops/Gas Stations & Convenience Stores.
-Tunnel is 110 feet long with Hanna car wash equipment.
-Detail Shop is 2 Bay/X-Large 5 Car.
-This is the only Full-Service Car Wash, which also has an express lane, that still vacuums, washes and hand dries the customers cars!
-Inventory is not included in the price and is to be purchased separately at Closing!
Shown by APPOINTMENT ONLY! Do not bother employees or ask them any questions!
Prospective Buyers must sign a Confidentiality Agreement and provide proof of funding, which is estimated to be $812,500 for a commercial loan!
Financial
- Asking Price: $3,250,000
- Cash Flow: $170,723
- Gross Revenue: $3,119,683
- EBITDA: N/A
- FF&E: $300,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2003
Detailed Information
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:10,200
- Lot Size:N/A
- Total Number of Employees:25
- Furniture, Fixtures and Equipment:N/A
-Building size is 10,200 sq. ft. and the lot size is 48,000 sq. ft. -The convenience store is 3,000 sq. ft. and well stocked and merchandised for maximum sales! -Tunnel is 110 feet long with Hanna car wash equipment. -Gas Gallon Tank Size: 12,000/8,000/4,000
4 weeks at no cost!
Owner wishes to retire!
Competition in the area, but no other Full-Service Car Washes, which also has an express lane!
Only Car Wash that washes, vacuums and "Hand-Dries" the customers cars!
Additional Info
The company was founded in 2003, making the business 19 years old.
The business has 25 employees and is located in a building with disclosed square footage of 10,200 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell operating businesses. Nevertheless, the true reason vs the one they say to you might be 2 totally different things. As an example, they may state "I have a lot of various commitments" or "I am retiring". For many sellers, these factors stand. But also, for some, these may just be reasons to attempt to conceal the reality of changing demographics, increased competition, current decrease in incomes, or a variety of other reasons. This is why it is very important that you not depend totally on a vendor's word, however rather, utilize the vendor's answer together with your total due diligence. This will repaint a more sensible image of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Lots of businesses finance loans so as to cover things like inventory, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can imply that earnings margins are too tight. Numerous businesses fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that need to be fulfilled or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in new consumers? Most times, companies have repeat clients, which form the core of their everyday revenues. Specific elements such as new competitors growing up around the location, roadway building, and also employee turnover can affect repeat clients and negatively affect future incomes. One crucial point to consider is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business regularly, the higher the possibility to develop a returning consumer base. A last idea is the general area demographics. Is the business located in a largely populated city, or is it located on the outside border of town? Just how might the local mean family income influence future income prospects?
