Hot Listing
2 Established Car Washes; Turnkey, strong cash flow, 12% Cap rate
Business Description
Two established, successful self-serve/in-bay car washes in Clinton County, Indiana located near peaceful neighborhoods on busy roads in Frankfort and Rossville. These turnkey operations have demonstrated consistent growth and reliable performance under absentee ownership.
Financial Performance:
- Annual Revenue: $403,000
- Cash Flow/EBITDA: $228,000
- Attractive 12% cap rate
- Steady growth for decades
Key Features:
- Complete turnkey operation requiring minimal owner involvement
- All equipment and real estate included in sale price
- Inventory included
- Large lots providing significant expansion potential
- Prime locations on major thoroughfares serving established neighborhoods
- Proven business model with consistent customer demand
Operational Advantages:
- Absentee owner demonstrates hands-off profit potential
- Key long-term employee available for continued mechanical system maintenance
- Self-serve model minimizes labor requirements
- Established customer base built over 28 years of operation
- Strategic locations benefit from steady residential traffic
Growth Opportunities:
- Substantial lot sizes allow for future expansion
- Potential for additional services or amenities
- Opportunity to optimize operations with owner involvement
- Established market presence provides foundation for growth initiatives
Sale Details:
- Asking Price: $1,950,000
- Cash or conventional financing required
- Owner retiring after successful 30-year run
- Everything included and operational
This represents an exceptional opportunity to acquire two well-established car wash facilities with strong cash flow, minimal management requirements, and significant expansion potential in stable Indiana markets.
Financial Performance:
- Annual Revenue: $403,000
- Cash Flow/EBITDA: $228,000
- Attractive 12% cap rate
- Steady growth for decades
Key Features:
- Complete turnkey operation requiring minimal owner involvement
- All equipment and real estate included in sale price
- Inventory included
- Large lots providing significant expansion potential
- Prime locations on major thoroughfares serving established neighborhoods
- Proven business model with consistent customer demand
Operational Advantages:
- Absentee owner demonstrates hands-off profit potential
- Key long-term employee available for continued mechanical system maintenance
- Self-serve model minimizes labor requirements
- Established customer base built over 28 years of operation
- Strategic locations benefit from steady residential traffic
Growth Opportunities:
- Substantial lot sizes allow for future expansion
- Potential for additional services or amenities
- Opportunity to optimize operations with owner involvement
- Established market presence provides foundation for growth initiatives
Sale Details:
- Asking Price: $1,950,000
- Cash or conventional financing required
- Owner retiring after successful 30-year run
- Everything included and operational
This represents an exceptional opportunity to acquire two well-established car wash facilities with strong cash flow, minimal management requirements, and significant expansion potential in stable Indiana markets.
About the Business
- Years in Operation
- 29
- Facilities & Assets
- Two healthy, steady car washes that have years of growth and stability. Absentee owner is retiring and pursuing other interests. Washes can be run from afar, or managed locally by the new owner. One wash has 5 self serve bays and 2 automatics installed 7 years and 2 years ago. The other wash has 2 self serve bays and one automatic installed 7 years ago. Both are large properties with opportunity for future expansion.
- Market Outlook / Competition
- The washes are located near peaceful neighborhoods on major roads in Frankfort and Rossville Indiana. The washes have grown slowly and steadily over the years.
- Opportunities for Growth
- Large lots allow for future expansion.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
About the Sale
- Seller Motivation
- Absentee owner is retiring.
- Transition Support
- A key long-term employee who lives nearby would be interested in continuing to service the mechanical systems.
- Financing Options
- Will not sell on contract. Buyer must have cash or find bank financing.
Listing Info
- ID
- 2400124
- Listing Views
- 947
Listing ID: 2400124 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. See our full Terms of Use. Learn how to avoid scams.
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