Car Wash - Self & Full Svc incl $405K Real Estate

Cincinnati, OH
Hamilton County


Asking Price: Annual Revenue:
$759,000 $210,000

Automotive & Boats: Car Wash, Auto Detailing


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RE: Car Wash - Self & Full Svc incl $405K Real Estate Broker: Dan Long

Quick Facts

Asking Price: $759,000
Annual Revenue: $210,000
Net Profit: Not Disclosed
Cash Flow: $128,000
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: $405,000
Year Established: 2007
Employees: Not Disclosed
BBN Listing #: 672916072
Broker Reference #: 78926

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Business Overview:

This independent car wash has been owned and operated by the original & retirement aged owner for over 10 years. Sales have increased each of the past 3 years. There are 5 self - service bays along with 2 touchless automatic bays on 1 3/8 acres. Many new improvements have been made the past 5 years to make this a state of art operation. This is a part – time venture that requires only 10 – 15 hours per week depending on the season and business volume. The seller has taken a lot of pride in offering a low - cost car wash that is always open and working efficiently. This business is offered as an asset purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Highlights include:

Open 24/7
Heated floors
SBA loan eligible
Clean books and record
17% Return on Investment
$405,000 value of real estate
Price includes the real estate
5/8 acre of undeveloped land
Includes shed for storing supplies
Upgraded exterior lighting to LED
Credit card swipers for all the bays
9 vacuums & 10 vending machines
Security cameras & new water softener
Replaced water heater and roof recently
$650,000+ cost to build; $1,000,000+ cost to replace
All chemicals, supplies, and replacement parts included

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Property Features and Assets:

The total property consists of 1 3/8 acres. There exists 5/8 of an acre behind the car wash that is included in the price. The opportunity exists for a buyer to either build another business or sell the property.

Market Competition and Expansion:

The seller has taken a lot of pride in seeing to it that the car wash has always been very well maintained and operates at peak performance 99 9/10% of the time. This makes this car wash a location that keeps customers coming time after time and they, in turn, spread the good word to their friends and associates.

Reason for Selling:

Retirement

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.

Relevant Links:

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