Car Wash - Self & Full Service - 17% Return on Investment - SOLD
Location: Greater CincinnatiListing Number: 78926
Financial Information
Asking Price: $759,000Gross 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