Asking Price: $1,650,000 Gross Revenue: $447,500Cash Flow: Not DisclosedEBITDA: $300,917Inventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: $1,700,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Located on US Hwy #1 situated on .80 acre across from Super Wal-Mart. 3 self-serve bays, 1 automatic touchless, 1 conveyor (real estate only appraised for $1.72M 2008) Currently sold more than 250 pre-sale car washes where everything over 4 washes are free and the average use is 3 washes. Presale prices range from $19.95 up to $49.95 They have a full time attendant that also does clean up etc. and have recently hired a detail person. Net Earnings have recently increased $50K+/- year over year. Potential is for the car wash to reach $500K over the next twelve months.
This is the best time to buy this car wash as Seller wants to retire!
About the Business
Indian River County, Florida
Number of Employees:
Building Sq. Ft.:
Conveyor Tunnel Wash – The conveyor is a 60 foot Belanger installed 8 years ago. They replaced the conveyor and hydraulics about 2 years ago. 5 brush units are original but all new gear boxes, bearings and microfiber over the last two years. New Sonny’s tire and wheel brush and tire shine. New TSS entry foam arch, and RainX arch with LED lights. Many other upgrades as well. The Automatic wash was three (3) years old in October. Vacuums are two (2) year old. 44,000 + washes in the conveyor and automatic combined in 2018. Total 3,854 building square feet on 8/10 acre comprised of: a) Conveyor Tunnel Wash and Touch Free Drive through wash 1,738 sf - b) office and storage 932 sf - c) three self-serve bays 1184 sf. Conveyor is w/ (2) ATC Soap Applicators for wheels, top wheel brush, free standing wheel blaster, Miter Curtain with wheel blaster, Gyro wraps, rocker brushes, Tire Shine applicator machine, (2) rinse arches, (3) arch mounted 10 hp. blowers. All have supporting equipment in pump room. (1) Con-Serv reclaim system model #’s comb Series II 100GPM with oxygen concentrator and ozone unit. (1) 8,000 gal. R.O. system with (2) 500 gal and (1) 300 gallon storage tanks. (1) large water softening equipment with brine vat. (1) 5 hp compressor (1) four bay pumping station with CAT pumps, one bay with credit catd processing. (1)Hamilton in Wall changer. (1) Vendmaster, inwall, vendor electric (2) wall mounted mechanical vendors for armor all, towels, airf fresheners, defog, etc. (6) vacuums – one with shampoo combo and one with fragrance combo. (2) Palome instant hot water heaters. (1) Unite Select Wash II entry system – for Tunnel (1) American Changer 8000 entery system – for the Touch Free. (2) Menu and entry ID signage (1) monument sign. Information is subject to change without notice
Very little competition in the area. If you ask a National Company to site plan a carwash on this property with the same amenities listed above it would probably cost you in excess of $2M plus the land cost.
Growth & Expansion:
Business Income has been growing year-over-year $50K+/-. Existing market of approximately 28,000 Cars per day that pass this location across from Super Wal-Mart, Home Depot and Publix
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
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