Car Wash with $232K EBITDA + New Cannabis Retail Royalty Stream
Business Description
We are pleased to present the opportunity to acquire a rare car wash in Los Angeles. 5669 SF building situated on 17,190 SF of land and primely located on a major signalized corner, this car wash acquisition is well-suited for an investor to capitalize on a long-established and well-known car wash destination. In addition, this car wash will be the first in the world to capitalize on a strategy whereas a retail cannabis license will be present as a separate stand-alone business unit. The car wash will benefit from additional cash flow through a 5% gross revenue royalty on all cannabis sales.
The property benefits from an existing income stream of $908,000 and $940,000 in gross revenue in 2023 and 2024, respectively. Both prior years financial results generated an average of $232,500 in net income on margins better than 25%. The site is ideally positioned for conversion to an express wash, offering unparalleled upside in substantial volume and revenues. The site is located at a hard corner, with consistent traffic flow, excellent ingress and egress, and signage exposure. Car wash opportunities benefit from very limited new supply and excess demand, which are notably hard-to-find across Los Angeles County and Southern California. In addition, cannabis licenses are limited and the added integrated convenience of cannabis sales onsite will add additional traffic to the site.
- SBA Financing Available to Qualified Parties (Owner- Operator)
- High Visibility | ±242 Feet of Frontage with Monument Signage
The property benefits from an existing income stream of $908,000 and $940,000 in gross revenue in 2023 and 2024, respectively. Both prior years financial results generated an average of $232,500 in net income on margins better than 25%. The site is ideally positioned for conversion to an express wash, offering unparalleled upside in substantial volume and revenues. The site is located at a hard corner, with consistent traffic flow, excellent ingress and egress, and signage exposure. Car wash opportunities benefit from very limited new supply and excess demand, which are notably hard-to-find across Los Angeles County and Southern California. In addition, cannabis licenses are limited and the added integrated convenience of cannabis sales onsite will add additional traffic to the site.
- SBA Financing Available to Qualified Parties (Owner- Operator)
- High Visibility | ±242 Feet of Frontage with Monument Signage
About the Business
- Years in Operation
- 3
- Employees
- 14 (11 Full-time, 3 Part-time)
- Facilities & Assets
- To be discussed upon execution of financial qualification and nondisclosure document.
- Market Outlook / Competition
- To be discussed upon execution of financial qualification and nondisclosure document.
- Opportunities for Growth
- To be discussed upon execution of financial qualification and nondisclosure document.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 5,500
- Rent
- $27,500.00 per month
About the Sale
- Seller Motivation
- Our company will be staying on to own and operate the cannabis component
- Transition Support
- To be discussed upon execution of financial qualification and nondisclosure document.
- Financing Options
- 20% OAC
Listing Info
- ID
- 2418230
- Listing Views
Listing ID: 2418230 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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