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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Successful Modern Car Wash
(Automotive , Car Wash )
Camden County , NJ
Listed Price: $ 750,000
Listing ID: CWSH134

Listing DetailsGross Revenue: $ 805,000
Cash Flow: $ 262,000
Inventory: $ 5,000
Reason for Sale:

The owners are absentee, out of the area representing a partnership separation.


Training & Support:

The owner will remain post-closing to supply an appropriate transitional period to the new operator.


OperationsYear Established: 2002
Days & Hours of Operation: Mon.-Sun. 8am-6pm
Non-owner Payroll: $ 21,600
Employees: 8
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 15000
Monthly Rent: $ 7,500
Square Footage: 2700
Facilities:

This commercial retail facility which consist of 2,700 square feet has a modern professional appearance. The car wash consists of a free-standing building close to various other successful businesses. This opportunity is in Central New Jersey, Camden County, which consists of various highly populated communities with continued demand for this particular industry.


SummaryBusiness Description:

Excellent business opportunity to own this successful modern Car Wash, Lube and Detailing business located in Central New Jersey in an affluent area of Camden County. This well-known business performs approximately 40,000 car washes yearly with an average cost per vehicle of $15, additionally 3,500 lubes at an average cost of $60.00 representing a gross yearly income of $805,000. This industry does not require government agency approval to purchase or operate. This business has eight employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $21,600. The business has an assignable commercial lease which expires 2028-01-01 plus additional options, with a monthly rent of $7,500 and rent security $15,000. The business is in a free stranding facility with a one-hundred-foot tunnel line and has a capacity for approximately fifteen vehicles. The business fixed assets has an estimated value of approximately $277,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped commercial retail car wash and lube. The sale also includes car wash and lube equipment, displays, shelving, POS system, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 8:00 am to 6:00 pm. The sale includes a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. The business has been valued at $750,000 based on a multiple of the net yearly income which includes the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Competition:

To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.


Potential Growth:

The business presently has a limited marketing plan, poor web site and if improved can further develop the business bottom line net income.


Financing/Terms:

Financing is available to a qualified buyer with an appropriate down payment.