Hand Car Wash with Lube and Long Lease
Location: California > Los Angeles County
Industry: Auto Related > Car Wash
Financials
Asking Price: $1,200,000
Gross Revenue: $600,000
Cash Flow: $200,000
Seller Financing: Owner willing to carry with a 500,000 down.
Business Summary
Two and one half year new car wash grossing about $600,000 (includes 1,500 sf c-store generating about 4-5,000/mo) with net about $200,000 on large 31,000 sf lot. 80 ft tunnel and new equipment. Avg tik: $17. Room to add smog, brakes, etc. The oil change (avg. $29.99) has a 'downstairs' unit so cars are not hoisted. Large car related business next door adds more business potential. Lease can be negotiated with owner/operator at $9,100/mo for about 30 years with first right of refusal. P&L available to qualified buyer. NOTE: With 500,000 down, owner will carry the balance at 8% for five years amortized over 20 years for lower payments (with a balloon payment at the end). For instance, $700,000 at 8% for 20 years is a payment of $5,855.08/mo or $70,260.96/yr for cash on cash return of 26% on your money. Call now. (Real Estate available at $3.2 mil firm)
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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