Listing ID: 73411
This offer includes 2 car washes in Ohio. 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: $1,400,000
- Cash Flow: $150,650
- Gross Revenue: $258,276
- 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:4
- 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 2 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 individuals resolve to sell businesses. However, the real factor vs the one they say to you might be 2 absolutely different things. As an example, they may state "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might just be excuses to try to conceal the reality of changing demographics, increased competitors, recent decrease in revenues, or a variety of other reasons. This is why it is extremely essential that you not depend entirely on a vendor's word, but rather, utilize the vendor's solution combined 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 existing entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses finance loans with the purpose of covering items like supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can mean that revenue margins are too thin. Lots of companies fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that should be met or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in brand-new customers? Often times, companies have repeat customers, which create the core of their daily profits. Specific factors such as brand-new competitors growing up around the area, road building, and also employee turn over can affect repeat clients and also negatively influence future revenues. One important point to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business often, the higher the possibility to build a returning consumer base. A last idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? Just how might the neighborhood typical home earnings effect future income potential?