Business Overview:
This company is a high profile auto fuel & service center on the I-5 interstate corridor in southwest Washington. The company operates five businesses under one corporate entity: a tire shop, a lube shop, a fueling station, a self-service car wash, and a "no touch" premium car wash. The company has experienced a steady 6% revenue growth rate throughout the pandemic (as an essential business) and 2021 has produced double digit revenue growth as COVID-19’s influence on the economy has diminished.
The core business is the tire business with a long-standing reputation for quality products, service and repair. Their scope of service includes: brakes, shocks and struts, batteries, wheel bearings, alignment, custom wheels, and more.
The Lube Shop utilizes “Pit Stop” methodology with a highly trained staff using quick, but methodical efficiency to get customers in and out with precision and speed. The monthly average number of oil changes is well over 1,500 with times when customers are lined up out to the street waiting for service.
The “No Touch” Premium Car Wash is one of the company's crown jewels averaging over 6000 washes per month.
The self-service car wash is coin operated 24 hours a day (7 days a week), and one of the last facilities of it’s kind in the area. It is a local favorite for cleaning up RVs, boats, and 4WD vehicles.
The Fuel Station is a cooperative agreement with their fuel supplier who partnered on 2019 upgrades to the pumps, tanks, canopy, and signage. The station features three islands with ten dispensers with ample room for commercial trucks and trailers. The fuel supply partner takes care of supply chain, maintenance, inventory, flooring, and competitive pricing. The earnings are split 50/50 with 8 years remaining on the agreement. The result has been higher profits, with ZERO headaches.
The non-ownership employees of the company include fourteen full-time technicians, and eight part-time staff.
The business operates on approximately two acres of property with multiple buildings. The real estate has been valued at $4,000,000. Real estate is not included in the asking price.
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Reason for Selling:
Retirement
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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