High Volume Express Exterior Tunnel Car Wash

Not Disclosed, MI
Lake County


Asking Price: Annual Revenue:
$1,550,000 $625,000

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: $1,550,000
Annual Revenue: $625,000
Net Profit: $210,000
Cash Flow: $210,000
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:

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. Currently washing over 100,000 cars per year and has significant room to grow further. Membership subscription program is up, running, and doing very well.

FINANCIALS:
Revenue over the last twelve months was $625K. Topline is consistently growing 15% a year on average over the past three years.

The wash converted ~$210K to EBITDA over the last twelve months and is easily capable of far higher margins through ticket price optimization and more careful management of labor.

REAL ESTATE IS INCLUDED!

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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:

Retiring

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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