3-Location California Car Wash Portfolio — $744K NOI, 11% Cap
Business Description
Rare opportunity to acquire a three-location car wash portfolio in Northern California generating over $744,000 in adjusted net operating income. The package includes two Antioch locations and one Galt location, offered together at $6,750,000 — an 11.0% cap rate.
The portfolio offers the best of both worlds: stabilized cash flow from two proven Antioch car washes PLUS significant growth potential at the Galt express tunnel, which is currently underperforming at $484K revenue due to absentee management. Comparable California express tunnels generate $750K-$1.2M, making this a compelling turnaround opportunity.
WHAT YOU'RE BUYING:
Location 1 — Delta Fair Blvd, Antioch: Full-service/express wash. Ground lease (33 years remaining). Adjusted NOI: $346,048. Recently upgraded with new conveyor and kiosks.
Location 2 — E 18th St, Antioch: Full-service/express wash. You own the real estate AND the business. Adjusted NOI: $171,230. $260K+ invested in equipment in 2025.
Location 3 — Fairway Dr, Galt: Express tunnel with towel-dry. You own the real estate AND the business. Adjusted NOI: $227,423. Located in one of Sacramento County's fastest-growing cities with 7+ new-home communities actively building.
WHY THIS DEAL:
• 11.0% cap rate — well above market average
• Two properties include real estate (fee simple ownership)
• $827K+ recently invested in equipment and improvements
• Galt upside: 50-100% revenue growth potential under active management
• SBA financing available — 31.2% cash-on-cash return with 10% down
• Growing market: Galt has 26,600+ residents with K. Hovnanian, Meritage, and Lennar all building new homes
All financials verified. Full Offering Memorandum available to qualified buyers. Contact the listing brokers to schedule a tour and receive the complete financial package.
The portfolio offers the best of both worlds: stabilized cash flow from two proven Antioch car washes PLUS significant growth potential at the Galt express tunnel, which is currently underperforming at $484K revenue due to absentee management. Comparable California express tunnels generate $750K-$1.2M, making this a compelling turnaround opportunity.
WHAT YOU'RE BUYING:
Location 1 — Delta Fair Blvd, Antioch: Full-service/express wash. Ground lease (33 years remaining). Adjusted NOI: $346,048. Recently upgraded with new conveyor and kiosks.
Location 2 — E 18th St, Antioch: Full-service/express wash. You own the real estate AND the business. Adjusted NOI: $171,230. $260K+ invested in equipment in 2025.
Location 3 — Fairway Dr, Galt: Express tunnel with towel-dry. You own the real estate AND the business. Adjusted NOI: $227,423. Located in one of Sacramento County's fastest-growing cities with 7+ new-home communities actively building.
WHY THIS DEAL:
• 11.0% cap rate — well above market average
• Two properties include real estate (fee simple ownership)
• $827K+ recently invested in equipment and improvements
• Galt upside: 50-100% revenue growth potential under active management
• SBA financing available — 31.2% cash-on-cash return with 10% down
• Growing market: Galt has 26,600+ residents with K. Hovnanian, Meritage, and Lennar all building new homes
All financials verified. Full Offering Memorandum available to qualified buyers. Contact the listing brokers to schedule a tour and receive the complete financial package.
About the Business
- Employees
- 20 (15 Full-time, 5 Part-time)
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 7,410
About the Sale
- Seller Motivation
- Retiring
- Transition Support
- 3 months of transition & training period
- Financing Options
- SBA 504/7A Blended & Conventional
Listing Info
- ID
- 2481457
- Listing Views
- 19
Business Location
Listing ID: 2481457 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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