Tunnel Car Wash - Big Potential - Convert Ready

Not Disclosed, NJ
Hudson County


Asking Price: Annual Revenue:
$350,000 $315,000

Automotive & Boats: Car Wash, Auto Detailing


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RE: Tunnel Car Wash - Big Potential - Convert Ready Broker: Harry Caruso

Quick Facts

Asking Price: $350,000
Annual Revenue: $315,000
Net Profit: $115,000
Cash Flow: $115,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2000
Employees: 8
BBN Listing #: 12759262
Broker Reference #: Guan Yu

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Business Overview:

OVERVIEW:
Located on an attractive lot, in a location with minimal competition, this tunnel car wash is fast growing and has big potential. This wash used to be a fully automatic conveyorized tunnel but is currently being run as a hand wash. Here is an opportunity for an owner to come in and take this business to the next level.

Real Estate is leased. Terms may be somewhat negotiable for the buyer and new owner.

FINANCIALS:
This wash is already washing almost 2000 cars a month with a $15 average ticket price. This pales in comparison to what this wash will be doing in six months from now with the right owner. This wash is currently growing at an average rate of 17% per month since it opened just months ago – and shows no signs of slowing down.

In steady state, with a good (but not great) operator, this wash is conservatively capable of reaching the $500,000 - $600,000 mark in annual revenue.

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Property Features and Assets:

SITE: 100ft tunnel, quasi-corner lot, and all equipped and setup to be an automatic conveyorized wash. FACILITY AND EQUIPMENT: The site is fully setup to be a conveyorized tunnel - as it used to be one. The current owner has spent ~$100,000 in equipment since buying the wash just months ago and has installed new arches, signage, blowers, sprayers and more. If the next owner wants to keep this as a hand wash and bring it to it’s maximum potential as such, not much if anything needs to be done or spent in the way of equipment or capital improvements. If the next owner wants to turn this back into a fully conveyorized tunnel wash, there will be non-negligible capital investment required – which is reflected in the current price of this wash.

Market Competition and Expansion:

COMPETITION: There is very little competition around this car wash. HISTORY AND BACKGROUND: The current owner bought and re-opened this wash with plans to turn it back into a conveyorized setup, but non-business-related circumstances have caused that plan to change. Here is an opportunity to step in where this current owner is leaving off and to bring this wash to its full potential. A new owner could either leave as a hand wash and continue to grow under the current setup, or they could bring the wash to even the next level above by reinstalling the automatic conveyorized setup.

Reason for Selling:

Personal

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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