Full-Service Tunnel Car Wash

Not Disclosed, RI
Providence County


Asking Price: Annual Revenue:
$2,050,000 $1,075,000

Automotive & Boats: Car Wash, Auto Detailing


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RE: Full-Service Tunnel Car Wash Broker: Harry Caruso

Quick Facts

Asking Price: $2,050,000
Annual Revenue: $1,075,000
Net Profit: $550,000
Cash Flow: $550,000
Total Debt: Not Disclosed
FF&E: $550,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 7
BBN Listing #: 104559262
Broker Reference #: RI-011

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Business Overview:

OVERVIEW
High performing, highly trafficked, and long-standing full-service car wash for sale. Consistent and defensive business with local brand recognition and loyal customer base. Unwavering performance and continued growth throughout the worst of the pandemic with no signs of slowing down in site.

SITE
Prime main street location with high visibility. Large lot with ample stacking room and ideal full-service setup with no physical bottlenecks present.

Favorable and attractive ground lease with right of first refusal for new owner. Lease structure will facilitate and allow for 25 year amortization period on acquisition financing for the new buyer.

SETUP
This 120ft conveyorized tunnel car wash is setup for high quality and volume. High end equipment with ample and regular reinvestment in repairs, maintenance and improvement-driven capital expenditures.

PERSONNEL AND SETUP
Established and proven staff, manager, and personnel.

FINANCIALS
This carwash boasted over ~$1.1MM in sales during the past twelve months, all while achieving 51% cash flow margins, resulting in ~$550K in EBITDA to the owner.

FINANCING
Financing is available for all qualified buyers and available in all terms; SBA, Conventional / Commercial, and Seller Financing (to a reasonable extent). Qualified buyers need only expect to put 15-20% down for purchase if desired.

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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