Listing ID: 73403
This offer includes 4 car washes in Ohio and Indiana. These car washes have both auto bays, as well as, self-serve. Each location is staffed with 2 part-time attendants so that the owner is responsible for making sure they are staffed, purchasing, and financials.
- Asking Price: $2,700,000
- Cash Flow: $266,492
- Gross Revenue: $517,845
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
Owner is willing to stay on for a period of time that is agreed to by both parties.
Owners would like to retire.
The infrastructure is already in place with 4 established car washes that are currently cash flowing. A new owner can continue to upgrade current locations and consider raising current prices.
This Business Is An Established Franchise
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell companies. Nonetheless, the genuine reason vs the one they tell you may be 2 totally different things. For instance, they may say "I have too many various obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might simply be reasons to try to hide the reality of changing demographics, increased competition, current reduction in incomes, or an array of various other reasons. This is why it is extremely essential that you not rely absolutely on a seller's word, however instead, use the vendor's solution along with your overall due diligence. This will repaint an extra reasonable image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of businesses borrow money so as to cover things such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can suggest that revenue margins are too thin. Numerous organisations fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that should be satisfied or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in brand-new customers? Many times, companies have repeat consumers, which create the core of their day-to-day revenues. Specific aspects such as brand-new competitors sprouting up around the location, road building and construction, as well as employee turnover can influence repeat clients and also adversely impact future incomes. One important point to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business often, the greater the possibility to build a returning client base. A last idea is the general location demographics. Is the business located in a largely populated city, or is it located on the edge of town? Just how might the neighborhood average house earnings effect future income potential?