High Volume Express Exterior Tunnel Car Wash

Not Disclosed, MI
Ingham County

Asking Price: Annual Revenue:
$1,499,000 $645,000

Automotive & Boats: Car Wash, Auto Detailing

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RE: High Volume Express Exterior Tunnel Car Wash Broker: Harry Caruso

Quick Facts

Asking Price: $1,499,000
Annual Revenue: $645,000
Net Profit: $220,000
Cash Flow: $220,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 72759262
Broker Reference #: MI-011

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Business Overview:

True high volume express exterior tunnel car wash. Topline has grown +15% per year for the past three years and shows no signs of slowing down. 2020 sales and volumes are up compared to 2019 – despite COVID! Currently washing over 112k cars per year and has significant room to grow further. Membership subscription program is up, running, and doing very well. This wash did not even stutter during the worst months of COVID and has continued stronger than ever.

Over the past twelve months this wash produced over ~$645K of Revenue. Topline is growing 15% a year on average over the past three years.

The wash converted +$220K to EBITDA over the past twelve months and is easily capable of far higher margins through ticket price optimization and more careful management of labor.

This is a great wash for both new owners and those with current or prior car wash industry experience. Although well run, this wash presents significant opportunity for additional upside potential in the ways of both increasing topline revenue and decreasing costs.

This car wash have been pre-approved for both traditional commercial financing and SBA financing. Buyers who would like to utilize financing should expect to be required to put down 10% - 25% down.

This is the model of car wash that everyone is after. Low labor, high volume, free vacuums, predictable cash flows, and high margins.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

SITE: The wash sits on half an acre of land (included in sale price) and features a +100ft tunnel. FACILITY & EQUIPMENT: This car wash has been well maintained. Owner has made consistent and significant reinvestments in repairs, maintenance and capital improvements. Over $40,000 has been spent each year on equipment and site maintenance.

Market Competition and Expansion:

Great market with no consolidated or big competition.

Reason for Selling:


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.

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