CAR WASH - Birmingham, AL for sale in Pelham, AL, AL

Business Summary:
LOOKING FOR A CASH BASED – ABSENTEE OWNER BUSINESS? HERE IT IS! This car wash was established in 2007 by the current owner as a LLC. He owns 100% of the corporation and invested over $650,000 initially in land, building, inventory and equipment. The company operated for approximately two years until the owner ceased operations because of a partner who became inactive and the owner had other business activities and obligations. He owns more than one business. This wash is located in a suburban area of Birmingham, AL, and is surrounded by residential and commercial properties. Road traffic is approximately 15,000 vehicles per day. The next closest car wash is three miles away. When in operation the annual sales were approximately $35,000, This company only requires one part-time employee. New owner can monitor daily operations off-site from his computer software. Real Estate is valued on the Balance at $391,332 and the equipment at $204,662 (un-depreciated), which equaled an initial invest of $595,994 in 2007. Real estate is available for sale at appraised value or a lease for up to five (5) years at a negotiated monthly amount (at Fair-Market rent). Asking Price of $400,000 includes all assets, including the real estate. Owner is ready to retire and has other business interests.