Car Wash - Self & Full Service - 17% Return on Investment - SOLD

Car Wash - Self & Full Service - 17% Return on Investment - SOLD Location: Greater Cincinnati
Listing Number: 78926

Financial Information

Asking Price: $759,000
Gross Revenues: $210,000
Cash Flow: $128,000
Real Estate: Included & valued at $405,000

Business Description

This independent car wash has been owned and operated by the original & retirement aged owner for over 10 years.  Sales have increased each of the past 3 years.  There are 5 self - service bays along with 2 touchless automatic bays on 1 3/8 acres.  Many new improvements have been made the past 5 years to make this a state of art operation.  This is a part – time venture that requires only 10 – 15 hours per week depending on the season and business volume.  The seller has taken a lot of pride in offering a low - cost car wash that is always open and working efficiently.  This business is offered as an asset purchase, free and clear of debt.  The owner will train in all aspects of the business and will be available to ensure a smooth transition.  Highlights include: 

Open 24/7

Heated floors

SBA loan eligible

Clean books and record

$405,000 value of real estate

Price includes the real estate

5/8 acre of undeveloped land

Includes shed for storing supplies

Upgraded exterior lighting to LED

Credit card swipers for all the bays

9 vacuums & 10 vending machines

Security cameras & new water softener

Replaced water heater and roof recently

$650,000+ cost to build; $1,000,000+ cost to replace

All chemicals, supplies, and replacement parts included