Ultra Modern Car Wash And Property $1,010,000/yr
| Asking Price: | $4,700,000 | Inventory: | |
| Gross Revenue: | $1,010,000 | Real Estate: | $3,100,000 ++ |
| Cash Flow: | $444,800 | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
This is a 9 year old beautiful full service car wash on 2 acres of property appraised for $3.1M 1.5 years ago located on a major highway in Monmouth County. Surrounded by huge department stores, fast food chains and a solid middle to upper middle class community. It has top of the line Belanger equipment , ICS computer system and Sobrite recycling system. Present owner purchased this facility 1.5 years ago from an absentee owner who mismanaged his business. Since then, the current owner invested in excess of $100,000 to further upgrade the premises and promote business. Although his last 12 month sales have topped $1,000,000, his last few months which include July, August and September of 2009 have all averaged $85,000. These months are considered very slow months and promise that sales should increase to $1,200,000 to $1,300,000 for 2010. The net profit would then increase to over $600,000.
About the Business
Year Established:2000
Facilities:Land, building and equipment was appraised 1.5 years ago for $3.1M.
KEYWORDS: car wash
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