Business Overview

Price Reduction!

Business, Building, Equipment & Real Estate. 10-Bay Self Serve/2-Bay Automatic and Detailing car wash. Great location. Terrific Demographics.

Financial

  • Asking Price: $799,000
  • 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:N/A
  • Building Square Footage:5,370
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

Other interests

Why is the Current Owner Selling The Business?

There are all types of reasons why people choose to sell operating businesses. Nonetheless, the genuine reason and the one they say to you might be 2 completely different things. For instance, they may say "I have too many other commitments" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might just be excuses to attempt to hide the reality of changing demographics, increased competition, recent reduction in earnings, or a variety of various other factors. This is why it is extremely vital that you not count absolutely on a vendor's word, yet rather, use the vendor's answer in conjunction with your total due diligence. This will paint a much more sensible picture of the business's current scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous businesses take out loans in order to cover things like supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that profit margins are too small. Lots of companies 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 commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that have to be fulfilled or might lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area draw in new customers? Often times, companies have repeat customers, which create the core of their daily profits. Particular elements such as new competitors sprouting up around the area, road building and construction, as well as employee turn over can impact repeat consumers and negatively influence future earnings. One vital thing to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business on a regular basis, the better the possibility to develop a returning consumer base. A final idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? Just how might the local median family income influence future income prospects?