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Business For Sale

RENOVATED CAR WASH & LUBE WITH PROPERTY

Attn: Mohamed Elatriss
Passaic County, NJ, USA
Listing Number: "00229"
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Asking Price: $1,500,000 USD USA Dollars
Business for Sale Industry: Auto & Mech: Car Wash, Detailing  
Reason for Selling: Personal health reasons
Year Established: 25
# of Employees: 2 full time, 3 part time
Yearly Cash Flow: $429,800
Yearly Gross Income: $672,500
 

Business for Sale Overview:

Car Wash / Lube Center located on a main road (The only car wash in town). It has a 130 feet tunnel with almost all the equipment replaced.you can watch your car throw perfect shap glass sided tunel . All vacuums have been replaced as well. This car wash has about 95% recycling water; therefore the water bill is not high at all. There are new water treatment tanks, new pipe connections and new plumbing. Customers are 100% satisfy with the service received. There are also 2 brand new lifts for lube, brand new equipment just recently installed. Based on CITGO demographic study, this location has 154,000 vehicles in just 8 miles radius and can do at least 100 fast lube per day. The business is currently doing 20 detailing per month with top of the line equipments. It does about 20,000 cars per year with an average ticket of $13.50. This is considered as a high ticket because of the location, which is an upscale neighborhood. Present owner spends so much time improving every inch of this car wash and every piece of equipment to have 100% customer satisfaction. The landlord is willing to sell the property as well since he is relocation to another country.


Property Features and Assets:

Property located on green zone area, almost 2 Acres of land, located on major county road.property is included in the asking price.


Market Competition and Expansion:

Competition is only next town location,but only Car wash with no lube facility. Huge expand is projected based on CITGO study.


Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • The owner is not willing to work for 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.

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