Listing ID: 83048
OUTSTANDING opportunity to own a 3-1 Absentee Owner business making over $200K per year! That’s right you can generate over $200K a year from your own home. This business generates LARGE REVENUE from the self-serve car wash because its located in one of the busiest areas in Houston. It’s in a high traffic area with high visibility. The location operates a Texas Licensed STATE INSPECTION BUSINESS, a LUBE BUSINESS, and CAR WASH with 5 bays. Owner is willing to sell to cash buyers for a discounted price. This business can also qualify for SBA loan with 10% down. Call Ann Carter for more information @ 832-880-8370.
- Asking Price: $1,200,000
- Cash Flow: $200,000
- Gross Revenue: $275,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 2005
- 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
STATE INSPECTION BUSINESS LUBE BUSINESS CAR WASH BUSINESS (SELF SERVE) OVER 27,000 SQFT
OWNER WILLING TO TRAIN NEW BUYER HOW TO MAKE EASY MONEY WHILE SITTING AT HOME.
BEST AREA IN HOUSTON TO OWN A CAR WASH! IT'S INCREDIBLE HOW MANY PEOPLE VISIT THIS CAR WASH MONTHLY! THE RECORDS WILL AMAZE YOU. YOU WILL HAVE TO SPEAK WITH THE OWNER ABOUT IT AND DO YOUR OWN DUE DILIGENCE.
THE AREA CONTINUES TO SEE TREMENDOUS GROWTH and the Car Wash business as well as the inspection business has grown each year. This business does not need prior experience. You only need to make sure your equipment remains serviced. People come in and out and do inspections with certified technician. You essentially only need 1-2 employees. Volume is ALWAYS HIGH!! CALL ANN CARTER FOR MORE DETAILED INFORMATION. If you think this could work for you just give Ann Carter a call. We have financing also in place to assist you. We already have this business SBA APPROVED with 10% down. DON'T MISS THIS OPPORTUNITY.
The company was founded in 2005, making the business 17 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell businesses. However, the real reason and the one they tell you may be 2 entirely different things. As an example, they might claim "I have too many other obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might just be justifications to attempt to conceal the reality of transforming demographics, increased competition, current decrease in revenues, or a range of various other reasons. This is why it is extremely essential that you not depend completely on a seller's word, but instead, utilize the seller's answer together with your overall due diligence. This will paint a more reasonable picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Many businesses borrow money in order to cover items like supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that profit margins are too tight. Many businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also 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 need to be satisfied or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in brand-new customers? Most times, operating businesses have repeat consumers, which create the core of their everyday revenues. Particular variables such as brand-new competitors sprouting up around the location, road building and construction, as well as staff turn over can affect repeat clients as well as adversely impact future incomes. One crucial thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Certainly, the more individuals that see the business on a regular basis, the better the opportunity to construct a returning client base. A last thought is the basic area demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? Just how might the local mean house income impact future income potential?