Listing ID: 82326
2 touchless automatic car washes, with both drive-through and self-serve hand bay car washes are for sale and have been serving customers for over 20 years, accommodating a variety of car wash needs for vehicles. Lenders are providing loans with no SBA fees and a 25-year term on car washes. This business continues to thrive with minimal involvement from the Seller, who currently is an absentee owner. In this business, a prime location is critical to success – and this operation has it! The 2 locations are in business districts on heavily trafficked streets, with easy access into the car wash. One location has 2 automatics and 4 hand bays. The 2nd location has 3 automatics and 5 hand bays. In addition, the car wash enjoys servicing multiple fleet accounts, thereby providing consistent revenue year-round. This company’s long-term success has been built on a foundation of always providing exceptional service together with a good value. All employees take pride in accommodating the needs of their customers in a safe, clean, and friendly environment. The equipment has been well maintained and updated. Real estate is also included with the purchase of this business. For additional information, please call Roger Edgar or Ingrid Reynolds at 402-827-3190.
- Asking Price: $2,500,000
- Cash Flow: $301,545
- Gross Revenue: $556,599
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 1996
- 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 company was established in 1996, making the business 26 years old.
The company has 3 employees and is located 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 people resolve to sell operating businesses. Nonetheless, the real reason and the one they say to you may be 2 entirely different things. For instance, they might claim "I have too many various obligations" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might just be excuses to try to conceal the reality of altering demographics, increased competitors, recent decrease in incomes, or a variety of other factors. This is why it is extremely crucial that you not rely absolutely on a seller's word, but rather, make use of the seller's response along with your general due diligence. This will repaint a much more practical picture of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Numerous companies borrow money so as to cover points such as stock, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that revenue margins are too small. Many businesses come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that have to be met or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in new clients? Many times, businesses have repeat customers, which form the core of their day-to-day revenues. Specific factors such as brand-new competitors growing up around the location, road building and construction, and employee turnover can influence repeat clients and also adversely affect future incomes. One crucial thing to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the greater the opportunity to build a returning consumer base. A final thought is the basic location demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood mean house income influence future earnings potential?