Price: $450,000
Location: Essex County, New Jersey
Industry: Car Wash
Listing ID: CWR101
Excellent opportunity to own a highly successful full-service car wash in an affluent area of Essex County New Jersey. The business has been upgraded for full performance with the ability for high volume production. The staff offers excellent service with a minimal wait time. This car wash offers various wash options to its many customers with a huge mark up margin. The company has a wonderful reputation with positive reviews and the business can be further expanded for additional income. The company offers single wash package options for an exceptional customer experience. The car wash has natural well water with the approved recycle system which reduces the yearly utility expense. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator.
Operation
Year Established: 2000
Days & Hours of Operation: The purpose of this business transaction is due to the owner alternative business which demands his full time attention.
Owner Hours Per Week: full time
Employees: Regarding employees and payroll; this retail company consist of ten employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $11,500.
Location
Security on Lease: Two Months
Lease Option: Yes additional options.
Monthly Rent: 6,000
Type of Location: Active Commercial Businesses
Square Footage: 7,500
Relocatable?: Yes
Facilities Information:
This business opportunity is in northern New Jersey, Essex County on an active county road conveniently located for their many customers. This facility consists of approximately 7,500 square feet with a modern, attractive, and professional appearance. This car wash has a one hundred- and twenty-foot (120) tunnel which can complete a large volume of washers. The business has all updated equipment, modern waiting area, and offers all the required services for a full-service auto wash. The business is in a free-standing commercial facility.
Summary
Historical Summary:
This is a long standing commercial full-service Car Wash.
Owner Qualifications:
For Qualifications purposes; this business opportunity does not require any specific government licensing approval to purchase or operate other than the standard required municipal licenses.
Competition:
Regarding competition, to the best of our knowledge, 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:
Regarding growth and expansion, the retail company can be further developed by improving the marketing and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
Financing/Terms:
Seller financing will be considered for this transaction to a qualified buyer with an appropriate down payment, collateral, and credit rating.