The Real Deal Car Wash

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Asking Price:
$1,650,000

Gross Revenue:
$447,500
Cash Flow:
 Not Disclosed
EBITDA:
$300,917
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$1,700,000
included in asking price

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Business Description

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

Location:
Indian River County, Florida
Year Established:
2012
Number of Employees:
2
Real Estate:
Owned
Building Sq. Ft.:
3,854
Facilities:
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
Market Outlook/
Competition:
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
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About the Sale

Reason For Selling:
Other Interests
Training/Support:
2weeks training included.
Partner available full or part time including equipment maintenance for agreed upon salary
Cash Flow Comments:
EBITDA: $191,000

Listing Info

ID:
1070911
Ad Detail Views:
9590

Attached Files Attachment Disclaimer

  Non Disclosure Agreement (233 KB)
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Business Listed by

Mary Galvin

SouthStar Realty Associates, Inc
License# BK650349

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