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Listing ID: 2580663Listed on: May 19, 2017

High Volume Car Wash W RE Option For Sale

Warren County, Warren, New Jersey, United States

$ 699,900

(Furniture / Fixtures included)

Revenue: $ 539,600

Cash Flow: $ 128,651

Business Description

Excellent opportunity to own this high-volume car wash business with real estate option or purchase the business with long lease located on an active state highway in Northern New Jersey Warren County. The business on one acre with an attractive modern image. The business has a 100-foot drive thru and a fully operated retail store and space available for possible oil lube. The business averages approximately forty thousand plus cars yearly with an average cost of $18.90 per vehicle. This business has eight full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $11,900. The business is active seven days per week, with hours from 7:30 am to 7:00 pm. The sale includes a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply an excellent investment return to the owner operator prior to debt service. This Car Wash is an owner operated business which has been servicing the community for many years with automotive cleaning and expert detailing. The owner will supply an option for the property or include the property in this sale. Based on a 20-year payout at 5% interest, 20% down payment purchaser would obtain a consistent net yearly income return on investment after debt service.

Property Details

Size:

8000 sq ft

Years Established:

2001

Property Type:

Lease

FF&E:

$ 240,000

Inventory Value:

$ 5,000

Other Details

Business Location:

This remolded retail facility consists of 8,000 square feet with a clean professional physical appearance. The business is on one acre of land and located on an active state highway in Northern New Jersey. This successful business opportunity is in Warren County, which consists of various affluent communities highly populated cities with continued demand for this service.

Competition:

To the best of our knowledge due to difficulty with licenses, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.

Expansion Potential:

The business presently has a limited marketing plan, poor web site, no corporate accounts and if improved can further developed the business bottom line income.

Document:

Operation Details

Employees:

8

Support & Training:

The owner will remain post-closing for 30 days and supply a transitional period.

Miscellaneous

Financing Available:

Yes
Seller financing is available to qualified buyers.

Reason For Selling:

The owner is retiring after many successful years in this service industry.

Contact this seller

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