Asking Price: $850,000

Seller Financing: With a substantial down the owner will finance the balance.

This is the only full service car wash in town (new equipment and improvements of $350,000) and sits on a one acre lot. Assume the lease will be 20 years (with a five year option) at $7,000/mo and first right of refusal to purchase the real estate. The car wash grossed $48,000/mo for May 08 with an avg ticket of $15, including detail. There is room for an oil and lube to increase revenues. The absentee owner (who also owns the land) says an on site operator should do very well. It is simply too far for the owner to travel as he lives/works several hours away. With a substantial down the owner will finance the balance. Make an offer.