Price Reduced: Self Service Car Wash w Financing

Not Disclosed, NJ
Ocean County

Asking Price: Annual Revenue:
$945,000 $407,055

Automotive & Boats: Car Wash, Auto Detailing

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RE: Price Reduced: Self Service Car Wash w Financing Broker: Paul Holveck

Quick Facts

Asking Price: $945,000
Annual Revenue: $407,055
Net Profit: Not Disclosed
Cash Flow: $229,897
Total Debt: Not Disclosed
FF&E: $235,000
Real Estate: Not Disclosed
Year Established: 23 years
Employees: 2
BBN Listing #: 35012979
Broker Reference #: 5882PH

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Business Overview:

This is a must-see opportunity to own a very successful, well-established self-service Car Wash in Ocean County. This Car Wash is located on a major highway close to other retail businesses & residential communities and has 2 in-bay automatic washes and 4 self serve bays. It is open 24/7 every day. Using modern technology, the owner can run the business from anywhere, with minimal time needed on-premise, through the use of fully automated Auto Cashiers & Soft Washes which provide real-time access by phone or computer.
The equipment includes 9 vacuum stations, security cameras, vending, & large office area on second floor. $280k in new equipment was purchased in 2016/2017 which included 2 new soft washes, heaters, sign packages, and other ancillary equipment. The seller owns the property & is willing to provide a 15 yr lease with terms negotiable.
The owner is planning to move out of state once the business is sold.
The motivated seller has very detailed records. Financials are based on 2018 actual results adjusted for an owner-operator. Price includes $425,000 in equipment.
The business is pre-approved for bank financing ad is offered at $895,000 with an estimated $225,000 down payment for qualified buyers.

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Reason for Selling:

Seller is moving out of state.

Additional Details:

  • The property is leased.
  • The owner is not 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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