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Business for Sale Overview:

This 3 year old car wash sits on 0.67 acres of commercial land at a signalized intersection of Stevenson Drive and West Lake Avenue on Springfield's south side. Traffic count is 17,900 on Stevenson and 8,600 on West Lake. The property neighbors include a restaurant, gas station without a car wash, bank and night club and is on the way to the University of Illinois at Springfield and many lake area homes. Springfield is the state capital of Illinois located midway between St Louis and Chicago. The car wash is only 3 years old and has also been well maintained. Business has remained good due to the property's high visibility location and attractive appearance of the wash. It currently operates without an attendant so it is completely absentee operated. There are 2 enclosed friction wash automatic bays each with doors, radiant heat and heated pads. The average price per wash is $7. Triple color foam wash attracts the kids. They accept cash, tokens and credit cards. There is an automated attendant system which notifies the owner if there is a malfunction or the wash is out of order. An investor could acquire this turn-key car wash property and see above market returns with a cap rate between 10%-11%. An owner operator could do even better.

Additional Details:

• The property is leased.
• The owner may be 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.