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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Sussex Cty. Car Wash
(Automotive , Car Wash )
Sussex County , NJ
Listed Price: $ 25,000
Listing ID: CWSH138

Listing DetailsGross Revenue: $ 150,000
Cash Flow: $ 45,000
FFE: $ 75,000 (Included in Price)
Inventory: $ 750 (Included in Price)
Reason for Sale:

The business was previously operated by the landlord.


Training & Support:

The owner is the landlord, is absentee and cannot supply training.


OperationsYear Established: 2013
Absentee Owner: No
LocationLease Expire: 0000-00-00
Monthly Rent: $ 1,500
Square Footage: 1455
Facilities:

The business facility consists of one drive through and two self-service tunnels. The business is located with an active gas station which attracts numerous potential clients. The business consist of 1,455 square feet has a modern professional appearance. The business is on an active four lane highway with substantial drive by vehicles. This opportunity is in Northern New Jersey, Sussex County, which consists of various cities and highly populated communities with continued demand for this service.


SummaryBusiness Description:

Solid opportunity to own and operate this long-standing car wash business located in Sussex County, New Jersey. The business is presently closed, and the landlord will supply a long-term lease at a fair rent cost. The business functions with underground well water, which is included in the rent, and the utilities are shared with the gas station. This company previously had two employees when the business was operational with a monthly payroll of approximately $2,850. This business opportunity will consist of a ten-year commercial lease, plus additional options, with a monthly rent schedule: Year 1: $1,500 per month, Year 2: $2,000 per month, Year 3: $2,500 per month, Year 4: $3,000 per month, remaining term, 4% yearly Increases. Utilities and Snow Removal expenses to be shared between gas station and car wash, landlord to pay real estate taxes. Sale to include all equipment in as is condition, tenant responsible for repairs. The business fixed assets has an estimated value of approximately $75,000 which is based on equipment and licensing replacement cost. This successful car wash business operation was active seven days per week, with hours from 9:00 am to 7:00 pm. The sale includes all required documentation including a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. The price has been fixed at $25,000 based on the asset value and projected income. This business opportunity will represent a long-term lease agreement. 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 at the fuel station are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Competition:

Competitors presently exist in the industry and to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business presently has a no marketing plan or web site and if improved developed can result in a consistent cash flow.


Financing/Terms:

N/A