Seller's Contact Information
- RE: Seven In-Bay Automatic Car Wash Portfolio
- Contact: Harry H. Caruso
Business Overview:
OVERVIEW
This is an opportunity to acquire a portfolio of seven (7) In-Bay Automatic & Self-Serve Car Washes in upstate New York.
SITES
The sites are conveniently located within a 120-mile (~2.5 hour) drive between the two furthest sites, but six of which are all within 65 miles and <1 hour drive apart, allowing for efficient management and oversight for a new owner.
Since the end of 2021, the sellers have been unable to devote sufficient time and oversight to these sites which significantly affected their financial performance in 2022 and 2023. For a new buyer with the desire to invest time and resources, there is a significant opportunity to revitalize this portfolio and unlock its full potential as shown in the historical financials.
The real estate is owned and included in the sale for four (4) of the sites, while the remaining three (3) sites are leased. The sellers strongly prefer to sell the entire portfolio as a single package to a new buyer and do not wish to split up the sites.
PERSONNEL AND SETUP
There are 13 employees that are responsible for managing day-to-day operations of the sites, most of which are part-time, including an Operations Manager who performs repairs and maintenance activities..
FINANCIALS
LTM Sales: $1.00MM
LTM EBITA: 463k
EBITDA Margin: 46%
FINANCING
Conventional and SBA financing is readily available for any creditworthy potential purchaser and arrangement of such will and can be facilitated. Qualified buyers should expect to put as little as ~15% down as cash for purchase when combined with appropriate and available financing structure.
Reason for Selling:
Kindly ask the seller for more information.Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
Opportunity Update!
Exciting update: Seven In-Bay Automatic Car Wash Portfolio has a new owner due to high interest! More opportunities await. Explore our site for other listings or sign up here for email alerts. Find your perfect business opportunity today!
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