Business for Sale Overview:
This successful local chain of touchless, self-service car washes serves neighborhood communities from four strategic locations throughout the greater Boise metro area. Founded in 1983 with one self-serve car wash, the business also includes a car wash equipment distribution division that provides a material supplies cost advantage to the operation. The owner is a highly effective operator focusing on providing excellent service at self-service car washes that are convenient to use. With equipment upgrades at each location, the business has been able to sustain its market presence and ride the cyclicality of demand over the past decade, even in the presence of new competitive entries. There are significant advantages to purchasing an existing chain of car washes rather than building new facilities. A new car wash will not offer a material advantage given the ease of keeping an older car wash competitive. The highest returning upgrades can be added at a relatively low cost (such as in-bay credit cards, triple foam, carpet cleaner/vacuum combinations and automatic bays). Since fewer good site locations are available in this competitive market and land costs continue to escalate, the payback period on building new car washes is relatively long. On average an established car wash can be purchased at up to 80% of its expected replacement cost and generate immediate cash flow to the owner. More importantly, the real estate value creates built-in gain at purchase given the strength in the local commercial real estate market.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Four strategic locations ranging from 15,246 to 39,204 square feet, totalling 117,133 square feet, with 21 self-service bays (including 4 mega bays) and two automatic bays, well maintained with good curb appeal. New office and warehouse supports car wash equipment distribution business division. Estimated fair market value of real property including recently constructed office is $2.4 million).
Market Competition and Expansion:
This metro area is located in the Intermountain West region of the US, with a population of about 560 thousand. and has consistently been recognized as one of the best places to live, to work and to own a business. The local market for car washes is estimated by management to be improving due to positive trends in the three major factors affecting revenues: good weather, new car sales and growth in consumer income.
Reason for Selling:
The owner wishes to retire
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.