Established automated car wash with strong asset quality, minimal operating complexity, and durable local presence. The business offers a stable cash generating base with multiple avenues for expansion and operational optimization.
Established car wash business founded in the early 1990s, with over 30 years of operating history in the local market
Acquired in March 2013 by the current ownership group, three equal owners as a cash only operation. Purchase price was $375K total real estate and business, including $25K Brokers fee
Post acquisition, the business was professionally scaled and modernized, achieving a step change in revenue through system upgrades, pricing discipline, and operational improvements
Ownership has fully reinvested business generated cash flow into the asset, funding significant capital improvements without additional equity injections
Operations are highly automated and owner managed, with no employees, resulting in a lean cost structure and minimal labor complexity
The property includes multiple wash bays and on site maintenance infrastructure, positioning the business as a durable, cash generative real estate backed operation
The underlying real estate has been meaningfully upgraded roof, asphalt, heating systems, reducing near term capital needs for a new owner
Adjacent land presents a long term expansion option, subject to acquisition and zoning, offering potential upside for a buyer with the capacity to execute a tunnel or higher throughput format