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Established Louisville Carwash | Stepped Rent Available
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Triple Crown Carwash is an established neighborhood carwash located along La Grange Road in a densely populated Louisville suburban trade area. The business serves surrounding residential communities, apartments, businesses and employment centers and has developed a loyal and growing Hispanic customer base.
The facility includes four self-service wash bays with cash and card payment systems, one Ryko SoftGloss Maxx automatic wash, and six vacuum stations.
HISTORICAL & NORMALIZED PERFORMANCE
Triple Crown generated approximately $156,875 in 2025 revenue and $82,116 in reported Seller's Discretionary Earnings (SDE).
2025 reported SDE includes approximately $26,000 of repair and equipment-reinvestment expenditures incurred during a concentrated period of operational stabilization following acquisition.
A review of underlying material purchases indicates approximately 72% of 2025 repair/reinvestment spending is estimated to relate to component replacement and operational stabilization rather than recurring maintenance. Applying the same allocation to associated repair labor results in estimated normalized 2025 SDE of approximately $101,000 before facility rent.
This normalization helps distinguish elevated stabilization expenditures from ongoing maintenance requirements and is an estimate rather than a guarantee of future performance. Supporting invoices and analysis are available to qualified buyers during due diligence.
Both reported and normalized SDE are before facility rent applicable to a new owner.
RECENT REINVESTMENT & OPERATIONAL STABILIZATION
More than $56,000 was reinvested into the property and operation during 2024–2025, including equipment repair, component replacement, maintenance, labor and property improvements intended to address inherited needs and improve operating reliability.
Work included mechanical and electrical components such as pumps, motors, valves, regulators, timers, controllers and payment/coin equipment.
The elevated 2024–2025 expenditure level should not be interpreted as an expected annual repair run rate. Normal recurring maintenance and replacement of wear items will remain part of operating the facility.
The Ryko SoftGloss Maxx automatic remains operational but is an older system. Ownership recommends eventual replacement or modernization as a future capital investment. Recent reinvestment was intended to stabilize the existing operation, not modernize or replace the automatic wash.
BUYER-FRIENDLY LEASE STRUCTURE
The real estate is not included and will be leased to the buyer under a long-term agreement.
To provide additional operating runway, seller is prepared to consider introductory stepped rent for a qualified buyer:
Months 1–6: $4,000/month
Months 7–12: $4,500/month
Year 2: $5,000/month
Year 3 onward: $5,500/month
This provides approximately $21,000 in rent savings during the first two years compared with beginning immediately at the stabilized $5,500 monthly rent.
Intended lease structure is 10 + 5 + 5, triple net (NNN), subject to final mutually acceptable lease documentation.
VALUE-ADD OPPORTUNITY
Triple Crown is suited for an owner-operator or investor seeking an established operation with identifiable opportunities for improvement rather than a fully optimized passive investment.
Growth opportunities include unlimited wash memberships, digital and bilingual marketing, commercial fleet accounts, customer loyalty programs, premium wash packages and pricing optimization.
Replacement or modernization of the automatic wash provides another opportunity to improve reliability, customer experience, wash capability and revenue generation.
These initiatives represent potential opportunities only. Buyers should conduct their own analysis of required investment and potential financial results.
The facility includes four self-service wash bays with cash and card payment systems, one Ryko SoftGloss Maxx automatic wash, and six vacuum stations.
HISTORICAL & NORMALIZED PERFORMANCE
Triple Crown generated approximately $156,875 in 2025 revenue and $82,116 in reported Seller's Discretionary Earnings (SDE).
2025 reported SDE includes approximately $26,000 of repair and equipment-reinvestment expenditures incurred during a concentrated period of operational stabilization following acquisition.
A review of underlying material purchases indicates approximately 72% of 2025 repair/reinvestment spending is estimated to relate to component replacement and operational stabilization rather than recurring maintenance. Applying the same allocation to associated repair labor results in estimated normalized 2025 SDE of approximately $101,000 before facility rent.
This normalization helps distinguish elevated stabilization expenditures from ongoing maintenance requirements and is an estimate rather than a guarantee of future performance. Supporting invoices and analysis are available to qualified buyers during due diligence.
Both reported and normalized SDE are before facility rent applicable to a new owner.
RECENT REINVESTMENT & OPERATIONAL STABILIZATION
More than $56,000 was reinvested into the property and operation during 2024–2025, including equipment repair, component replacement, maintenance, labor and property improvements intended to address inherited needs and improve operating reliability.
Work included mechanical and electrical components such as pumps, motors, valves, regulators, timers, controllers and payment/coin equipment.
The elevated 2024–2025 expenditure level should not be interpreted as an expected annual repair run rate. Normal recurring maintenance and replacement of wear items will remain part of operating the facility.
The Ryko SoftGloss Maxx automatic remains operational but is an older system. Ownership recommends eventual replacement or modernization as a future capital investment. Recent reinvestment was intended to stabilize the existing operation, not modernize or replace the automatic wash.
BUYER-FRIENDLY LEASE STRUCTURE
The real estate is not included and will be leased to the buyer under a long-term agreement.
To provide additional operating runway, seller is prepared to consider introductory stepped rent for a qualified buyer:
Months 1–6: $4,000/month
Months 7–12: $4,500/month
Year 2: $5,000/month
Year 3 onward: $5,500/month
This provides approximately $21,000 in rent savings during the first two years compared with beginning immediately at the stabilized $5,500 monthly rent.
Intended lease structure is 10 + 5 + 5, triple net (NNN), subject to final mutually acceptable lease documentation.
VALUE-ADD OPPORTUNITY
Triple Crown is suited for an owner-operator or investor seeking an established operation with identifiable opportunities for improvement rather than a fully optimized passive investment.
Growth opportunities include unlimited wash memberships, digital and bilingual marketing, commercial fleet accounts, customer loyalty programs, premium wash packages and pricing optimization.
Replacement or modernization of the automatic wash provides another opportunity to improve reliability, customer experience, wash capability and revenue generation.
These initiatives represent potential opportunities only. Buyers should conduct their own analysis of required investment and potential financial results.
About the Business
- Years in Operation
- 26
- Employees
- 4 Contractors
All maintenance, repairs, cleaning and landscaping are outsourced. - Facilities & Assets
- Triple Crown Carwash operates from an approximately 2,953-square-foot facility designed to serve both automatic and self-service wash customers.
The facility includes:
• 4 self-service wash bays
• 1 Ryko SoftGloss Maxx automatic wash
• 6 vacuum stations
• Cash and card payment systems
• Equipment and mechanical rooms
• Exterior signage and site lighting
• Security camera system
• Customer vehicle staging areas
The sale includes the operating equipment, fixtures, wash-control equipment, payment systems, vacuum equipment, business goodwill, business name and other transferable operating assets where applicable.
FF&E: Approximately $53,000 — included in asking price
Inventory: Approximately $4,500 — not included in asking price
Real estate is not included in the sale. - Market Outlook / Competition
- Triple Crown operates in an established Louisville trade area characterized by residential density, apartments, nearby employment centers, retail activity and consistent local traffic.
The property is located directly across from Hurstbourne Green Office Park and serves customers from the surrounding Lyndon, Anchorage and Whipps Mill areas.
The market includes self-service and express/tunnel competitors. Triple Crown differentiates itself through its established neighborhood location, convenient access, combination of self-service and automatic washing and existing customer base.
Future competitive opportunities include equipment modernization, memberships, bilingual marketing, improved digital presence, loyalty programs and continued enhancement of the customer experience. - Opportunities for Growth
- The business provides multiple avenues for a new owner to pursue revenue and profitability improvements.
Potential initiatives include modernization of the automatic wash, introduction of an unlimited membership program, expansion of digital and bilingual marketing, optimization of pricing and premium wash packages, development of commercial fleet relationships and customer loyalty initiatives.
Because these programs have not been fully implemented, an incoming owner has the opportunity to build upon the existing operation rather than acquiring a business where all major growth initiatives have already been exhausted.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,953
- Rent
- $5,500 per month
- Lease Expiration
- 1/1/2037
About the Sale
- Seller Motivation
- Family transition and retirement from operations.
- Transition Support
- The seller is committed to an orderly transition and will provide training covering daily operations, equipment, maintenance procedures, vendor relationships, payment systems and business-management practices.
The business currently utilizes independent contractors for maintenance, repairs, cleaning and landscaping, and relevant vendor and service relationships can be introduced during the transition.
Reasonable post-closing support will also be available to assist the new owner in assuming operations.
Listing Info
- ID
- 2536308
- Listing Views
- 1590
Business Location
Listing ID: 2536308 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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