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Car Wash Investment Portfolio - Semi-Absentee Cash Cows 12.3% Cap Rate
Business Description
Prime turn-key investment car wash opportunity in Winder and Monroe, GA. These car washes are comprised of 6 self-serve bays and 1 touch-free in-bay automatic each, along with 5/6 vacuums in Monroe/Winder, respectively. Both cities seen significant population growth (Winder - 11.9% and Monroe - 8.0%) since 2020 and continue to expand rapidly with extensive residential and commercial construction currently taking place. Real estate appraised at $1,075,000 in 2022 and has appreciated since as their respective markets have grown. The car washes are centrally-located in each city in highly-visible and heavily traveled areas. These properties saw renovations and user upgrades in 2022-2024. Value-add opportunity exists at both locations. Willing to sell as packaged or individually.
- Centrally located
- In-place 2024 NOI of $227,865 - 2025 NOI grows to $233,890 annualized.
- Both locations have employees in place for cleaning and basic maintenance - can be absentee run
- Zoned Commercial B-2/B-3 with redevelopment potential in Winder/Monroe, respectively
- Addition of ceramic wax in self serve bays in 2025 at both locations, which will drive increase in revenue
- Limited competition in the area for both car washes
- Atlanta MSA
- Real estate is included
- Training to be provided by seller
- Owner is not currently offering seller financing unless substantial down payment is provided
- Winder location - 78 W Athens St, Winder, GA 30680
- Monroe location - 690 W Spring St, Monroe, GA 30655
- Centrally located
- In-place 2024 NOI of $227,865 - 2025 NOI grows to $233,890 annualized.
- Both locations have employees in place for cleaning and basic maintenance - can be absentee run
- Zoned Commercial B-2/B-3 with redevelopment potential in Winder/Monroe, respectively
- Addition of ceramic wax in self serve bays in 2025 at both locations, which will drive increase in revenue
- Limited competition in the area for both car washes
- Atlanta MSA
- Real estate is included
- Training to be provided by seller
- Owner is not currently offering seller financing unless substantial down payment is provided
- Winder location - 78 W Athens St, Winder, GA 30680
- Monroe location - 690 W Spring St, Monroe, GA 30655
About the Business
- Years in Operation
- 32
- Employees
- 2 (2 Part-time)
- Facilities & Assets
- Both car washes have seen major updates and improvements, both functionally and aesthetically, to enhance customer satisfaction, including but not limited to, credit card, apple pay, and google pay acceptance. Owner enhanced chemicals and delivery systems. Touch-free auto has been updated to include latest ceramic wash technology. There are new functions in self serve bays and vacuums have been serviced to provide peak suction, and more.
- Market Outlook / Competition
- Rapidly growing cities and limited competition in the area.
- Opportunities for Growth
- Consistently growing over the past 3 years with updates and upgrades, both functionally and aesthetically. Growth is expected to continue with growing towns and by providing a consistent and superior customer experience. Value-add opportunities available at both locations.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 6,016
About the Sale
- Seller Motivation
- Other business opportunities
- Transition Support
- 2-3 weeks provided. Negotiable. Would like to see the next owner succeed.
- Financing Options
- Buyer to bring own financing, if necessary.
Listing Info
- ID
- 2378370
- Listing Views
- 3028
Business Location
Listing ID: 2378370 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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