Business For Sale

Business Overview:

It's a great opportunity for both sides. The buyer gets a profitable business in a great location and the property owner gets a tenant that will have no problem paying rent. Until very recently, the cars being prepped at the car wash were being prepped just inside the tunnel because that s where the vacuum system is located. That's why there has always been just one line of cars being fed into the tunnel. They had no choice because of the location of the vacuum equipment. The current owners recently moved the vacuum equipment to the exterior, in front of the entrance to the tunnel, about 70 feet from where it was before. This will enable them to have 2 lines of cars, instead on 1 line, enabling them to prep 2 cars at one time and feed cars through the tunnel car wash much faster and more efficiently, resulting in much higher sales. This is very good for whoever buys this car wash. It means you have the ability to significantly increase your sales. The other aspect you almost always see at very busy tunnel car washes is that they have a salesperson at the front of the line going into the tunnel car wash asking people what packages they want and more importantly, trying to up sell them by asking if they would like armor all on their tires and floor mats cleaned, etc. The current owners do not have a good salesperson handling the line and up selling for them. This is another area of opportunity for the next owner. One last very important area of opportunity for a buyer/new owner is advertising. The car wash is almost exclusively relying on word of mouth advertising, while most car washes send out mailers and pass out fliers and coupons and other forms of advertising. This is great news for a potential buyer because it shows that this car wash is already doing fantastic numbers simply by word of mouth.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Property Features and Assets:

The owner states that the equipment is currently valued at $160,000 and would cost approximately $400,000 if purchased new. The tunnel equipment is approximately 12 to 13 years old. The equipment for the self-serve area is approximately 9 years old. Base rent = $5,900 per month. Annual increases = 3%. Real Estate taxes = +/-$19,000 per year. C.A.M. = Tenant responsibility. Long term lease is available. 5 self serve bays and 1 full-serve tunnel. There are digital surveillance cameras which can be viewed online by a potential buyer. The seller will provide the necessary training to ensure a successful future for a well qualified buyer. The seller owns the property and will be the landlord, so it's in his best interest to help as much as possible.

Market Competition and Expansion:

According to I.D.O.T., there are over 46,000 cars driving by the car wash each day Even with limited hours of operation, in the last 12 months, this business is averaging over $45,391.83 per month in sales. The car wash closes at 7 pm each day and at 5 pm on Sunday. The car wash is located at one of the busiest intersections in the city of Chicago. It was recently remodeled including new overhead doors, new signs, fresh paint and much more. Growth/Expansion: The current owners are running the business absentee, mainly because they have a trustworthy manager running the business for them. Even though it's a very busy car wash, it has a lot of room for growth. They aren't doing any advertising. They have no website & they don't have a good salesperson at the front of the line into the car wash upselling the customers to more expensive packages & armor all, etc. Most busy car washes have a good salesperson greeting the cars & upselling. There's a ton of potential here.

Reason for Selling:

Downsizing

Additional Details:

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