Listing ID: 82440
Consistent cash flow, excellent reputation and loyal customer base with a location in a high traffic count area. Well established in an attractive Midwest community. If you are looking for a business with a solid return on investment this is the one!
The facility is in excellent condition with great ingress-egress. Tunnel car wash equipment has been well maintained. The have repeat individual and commercial customers for all the auto care services they provide. The quick lube car count in 2021 was 15,176 with the car wash handling 77,155 cars last year.
Detail shop and property is also available.
We have lenders that love this opportunity! For a qualified buyer they offer terms of 15% down with a fixed rate for 25 years at approximately 5.5% interest rate.
- Asking Price: $650,000
- Cash Flow: $215,000
- Gross Revenue: $1,489,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $20,000
- 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:22
- Furniture, Fixtures and Equipment:N/A
The deal does include inventory valued at $20,000, which is included in the suggested price.
The company has 22 FT / 15 PT employees and is situated in a building with estimated square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell operating businesses. However, the real factor and the one they say to you might be 2 completely different things. For instance, they might claim "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might simply be excuses to try to hide the reality of changing demographics, increased competition, recent decrease in profits, or an array of other factors. This is why it is very crucial that you not rely entirely on a seller's word, yet rather, utilize the vendor's solution in conjunction with your general due diligence. This will repaint a much more reasonable image of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses take out loans with the purpose of covering items such as inventory, payroll, accounts payable, and so on. Remember that sometimes this can suggest that earnings margins are too small. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that have to be satisfied or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract brand-new customers? Often times, businesses have repeat customers, which develop the core of their daily profits. Particular variables such as new competition sprouting up around the location, road construction, as well as personnel turn over can impact repeat customers and also negatively affect future profits. One important point to consider is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business on a regular basis, the greater the opportunity to construct a returning customer base. A final thought is the general location demographics. Is the business located in a densely populated city, or is it located on the edge of town? Exactly how might the local median household earnings influence future earnings potential?