Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Full-Service Car Wash
(Automotive , Car Wash )
Essex County , NJ
Listing ID: CWSH142

Listing DetailsGross Revenue: $ 753,000
Cash Flow: $ 263,000
FFE: $ 450,000 (Included in Price)
Reason for Sale:

Owner is retiring from the industry.


Training & Support:

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


OperationsYear Established: 2004
Employees: 8
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 14000
Monthly Rent: $ 7,000
Square Footage: 1850
Facilities:


The facility consists of approximately 1,850 square feet, has been fully upgraded and modernized with an attractive professional appearance. The business location consists of a free-standing commercial facility near to various other active and successful businesses operations. This opportunity is in Northern New Jersey, Essex County, which consists of various highly populated communities with continued demand for this personal service. The site is approximately 25,000 square feet, consisting one a single unit, two bay garages, 85-foot tunnel, with a long waiting driveway for approximately twenty vehicles.


SummaryBusiness Description:

Excellent business opportunity to own and operate this highly successful full-service auto car wash operation with an average gross yearly income of $753,000 and a net yearly income of $263,000. This business transaction will represent a full-service retail car wash and detailing center that provides the highest quality service including outstanding craftsmanship and customer service. The company offers various automobile services, including auto wash, detailing, quick lube and the basic auto maintenance's. The company has various income streams including fleet accounts, general wash, unlimited wash club, and auto maintenance. The company also enjoys a wonderful business relationship with fleet operators such as local retailers, wholesalers, municipal departments, and other fleet operators who seek consistent reliable service and value. They are a recognized leader in the industry as an outstanding car wash and detailing center by various review magazines and independent groups. The company is also proud of their experienced personnel who provide professional service with a pleasant attitude. This retail car wash consists of 8 full time and several part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, or a weekly base salary, the staff is fully expected to remain post-closing. The business transaction will offer a new commercial lease which will expires 2034, plus additional options available, with a monthly rent of $7,000, cost per square foot is estimated at $45.40 and rent security of approximately $14,000. Additionally, the seller will supply an option to purchase the real estate from his realtor, price and terms to be negotiable. The business has been valued / priced at 3.75 the net income which is based on the seller’s representation of a multiple of the net yearly income which includes the value of the specific business assets. Also, possible seller financing may be available to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity.


Competition:

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 opportunity can be further expanded by the new operator by improving the existing marketing plan and local advertising. The company has a limited income representing 4% from auto repair lube which usually represent a much greater percentage of gross sales.


Financing/Terms:

Can be available to a qualified buyer with an appropriate down payment.