The property is a car wash serving local and transient customers traveling along major road in Northern Massachusetts. The current owner purchased the business in 2003 and has spent nearly $1 million in upgrading the facility over the years. It is well established and has a steady flow of customers using self-service equipment, full-service Tunnels and detailing.
Business Price: $3,000,000
Projected 2015 Revenues: $565,000
Inventory: $10,000, included in asking price
Furniture, Fixtures, & Equipment (FF&E): $ 1,628,951, included in asking price
EBITDA: $416,852 (Adjusted to reflect additional owners’ income as reported by owner)
Real Estate: Included in asking price
Facilities: The Company is located on 3.56+/- acres with room to expand. The site is a single story masonry frame building having 7,715 +/- SF. The building is divided between a tunnel bay, a reception area, offices and a mechanical room, one detail bay, two “touchless” bays and three self-service bays. In addition, there are eleven vacuum stations, two vending machines and a parking area.
Competition: There are 10 active car washes within the immediate market area. Almost all are older facilities in inferior condition, and offer less equipment options.
Growth & Expansion: Pro – Significant opportunity to gain both residential and corporate customers by increasing marketing spend and adding Customer Relationship Management software. Experienced and tenured staff with excellent customer relationships. Plenty of physical space to grow and equipment in excellent shape
Support & Training: Seller is willing to stay on for limited time
Reason for Selling: Retiring