Owner Financing is Available!
Business Overview:
This full-serve tunnel car wash and detailing business for sale can be owned for as little as $25,000 down. The business is being sold for $50,000 with $25,000 down and $25,000 balance seller financed at 7% for 5 years. The location is situated in a highly populated residential area and near a busy intersection with over 15,000 vehicles per day. There is a small retail area where some auto related products are sold. In 2008, the business generated over $117,000 in net car wash sales. In addition, the business sold over $42,500 in detailing (vacuum, windows, and general detailing services). Roughly $4,100 was earned in the store which includes minor auto accessories, snacks and drinks.
Real estate is also available for purchase for an additional $275,000. If real estate is chosen to be leased, rent will be $5,000 per month for a 5 year term. Land contract on real estate is also an option. Car wash equipment is considered a leasehold improvement that will go with the sale of the real estate. Tunnel is open from 8 AM to 6 PM Monday through Saturday and from 9 AM to 3 PM on Sunday with a majority of the customer base coming from a 3-5 mile radius. The business needs someone to devote time since it is currently run by an owner that is pulled between multiple locations. Improved signage could be a quick fix to increase car wash traffic. The car wash features management software which could be used for real-time analysis instead of just basic reporting. Software could also be utilized for customer tracking to support with promotional techniques such as repeat business discounts, monthly and annual passes, and other sales techniques such as coupons. Improved maintenance of house accounts as well as prospecting used car dealerships, local businesses, and municipal accounts is an option to increasing business for a new owner since they will not be spread as thinly as the current owner. Improved business financial management such as forecasting, budgets, periodic reviews would be helpful.
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:
Available for lease or purchase
Reason for Selling:
Owns multiple locations, reducing workload
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.