Listing ID: 82822

Business Overview

These two profitable car washes, located in Berkeley and the UMSL area of unincorporated St Louis County, Missouri, are well-maintained and up-to-date. Crypto Debit/Credit Card reader equipped, Culligan Water Softening Systems, many other current upgrades. The loyal clientele appreciates these self-service car washes as valuable community assets.

Financial

  • Asking Price: $715,000
  • Cash Flow: $116,000
  • Gross Revenue: $227,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2005

Detailed Information

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

Two well-maintained self-service car washes with up-to-date equipment and improvements. Locations include automatic and self-service bays. The car washes are all customer-operated and do not require an on-site staff person. To prevent freezing pipes and systems in the winter, the nozzles utilize a heated weeping system and PVC circulates antifreeze under the concrete floors.

Is Support & Training Included:

Ownership is committed to providing training as needed.

Purpose For Selling:

Focusing on core business.

Pros and Cons:

Locations are in high-traffic areas with good visibility and accessibility. Customers value spending time and a reasonable amount of money to personally care for their cars, with 24-hour convenience.

Opportunities and Growth:

-Market to companies with vehicle fleets. -Contract with car dealerships. -Any self-service bay can be retrofitted as an automatic bay. -Host community events such as barbeques on site.

Additional Info

The venture was established in 2005, making the business 17 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people choose to sell operating businesses. Nevertheless, the real reason and the one they tell you may be 2 completely different things. For instance, they may claim "I have too many other obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may simply be reasons to attempt to hide the reality of transforming demographics, increased competition, current reduction in revenues, or a range of various other factors. This is why it is really vital that you not rely absolutely on a vendor's word, but rather, make use of the vendor's answer in conjunction with your total due diligence. This will repaint a more sensible image of the business's current situation.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many companies finance loans with the purpose of covering points such as inventory, payroll, accounts payable, and so on. Remember that sometimes this can indicate that profit margins are too tight. Numerous companies come under 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 might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that should be satisfied or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area attract brand-new consumers? Many times, operating businesses have repeat consumers, which develop the core of their daily earnings. Particular variables such as new competition sprouting up around the location, roadway building and construction, as well as employee turnover can affect repeat clients as well as negatively influence future profits. One vital point to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business regularly, the higher the opportunity to develop a returning customer base. A last thought is the general location demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? How might the local mean family earnings effect future revenue potential?