High Volume IBA and Self-Service Carwash

Not Disclosed, PA
Lackawanna County


Asking Price: Annual Revenue:
$1,449,000 $830,000

Automotive & Boats: Car Wash, Auto Detailing


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RE: High Volume IBA and Self-Service Carwash Broker: Harry Caruso

Quick Facts

Asking Price: $1,449,000
Annual Revenue: $830,000
Net Profit: Not Disclosed
Cash Flow: $330,000
Total Debt: Not Disclosed
FF&E: $665,000
Real Estate: Not Disclosed
Year Established: 2007
Employees: Not Disclosed
BBN Listing #: 444559262
Broker Reference #: PA-014

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Business Overview:

OVERVIEW
Pristine High Volume In-Bay-Automatic and Self-Service Combination Carwash

This wash is the unrivaled wash leader in its local market and geography. High grade equipment, an ideal location, and an optimal setup all contribute to this wash boasting such a consistent and high level of performance. Still growing ~10% a year and showing no signs of stopping, this wash is a turnkey opportunity where no expense has been spared by the current owner. Perfect for someone looking to step into a highly profitable and day-one cashflow positive business and operation.

SITE
This wash sits on a high-quality main connecting and commuter roadway.

The car wash leases the desirable one acre of real estate it sits on. The long-term NNN lease features favorable terms and rent. With base rent of $6,695 / month and 18 years remaining on its term, this lease also features right of first refusal (ROFR) to purchase the underlying land and real estate. This ROFR is fully transferable and the purchaser of the carwash and business will be the new holder and beneficiary of this.

SETUP
Combination In-Bay-Automatic (IBA) and Self-Serve (SS) car wash with a total of five bays, seven vacuum stations, two auto cashiers / pay stations, and full vending.

FACILITY AND EQUIPMENT
All equipment at this wash is of the highest quality. The owner spared no expense in keeping everything in tip-top shape, consistently and routinely reinvesting in repairs, maintenance, and upgrades.

PERSONNEL
This is one of the rare car wash opportunities that can be successfully owned at arms-length and in a largely absentee manner.

This wash is technically unmanned and therefore does not have personnel present at the site most of the time. Two part-time workers who have been with the current owner for years handle the day-to-day operations and upkeep. These individuals would stay on for the new owner if desired.

FINANCIALS
This car wash has averaged ~10% year-over-year gross sales growth during the past three years. This is the most resilient of all car wash models given its unmanned setup and lowest fixed cost basis. This car wash was not just unaffected by COVID, but continued to experience positive growth throughout the worst of the virus’s months.

This car wash produced $830,000 in gross sales over the past twelve months, and after rent and all expenses, converted a true $330K of such to pre-tax Cash Flow (EBITDA). Even after rent, this car wash consistently produces best-in-industry EBITDA margins.

COMPETITION
There is no significant competition anywhere around this car wash. This carwash is perfectly positioned to continue to own and dominate the local market and geography.

NEXT OWNER
This unmanned and fully automated car wash is ideal for any buyer.

The loyal customer base, lack of competition, pristine equipment, ideal layout, and most importantly the true turnkey state of the wash make it an attractive opportunity for a first time car wash owner.

For passive investors, 1031 exchange candidates, or anyone alike, this wash is as good as it gets in the car wash world for passive income while still owning the core business.

For those more experienced in the car wash industry, the wash will speak for itself. Washes of this quality don’t come for sale very often.

FINANCING
Financing is readily available for this car wash. A qualified purchaser can expect to be able to purchase the wash with as little as 15 – 20% down (or even lower). Both SBA 7(a) Loans and Conventional Bank Loans are easily attainable for this wash and opportunity. Assistance in the attainment of financing will be provided for qualified buyers.

CONCLUSION
Automatic In-Bay and Self-Service car washes of this caliber rarely come to market. This wash was built, operated, and maintained by a dedicated owner. Everything regarding this car wash - from the site layout, to equipment choices, to branding – were all meticulously and methodically chosen to produce the ideal car wash for the area. Both the physical wash itself and its financial performance showcase the true caliber of this unrivaled car wash.

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.

Additional Details:

  • The property is leased.
  • 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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