Business Summary:
BUSINESS: This business was first established in its current location in 1959. The present building replaced the original one in 1995. The current owner has operated the business for the prior 18 years and is now retired and has chosen to sell. This is a very clean, well lighted, inviting property that has a well established customer base.
EQUIPEMENT: The equipment has been well maintained and upgraded over the years, with the recent addition of an automated “tunnel” for a “drive thru” car wash. It has two self serve coin-op bays also. There are 2 self serve vacuum centers available as well.
LEASE: The seller recently signed a 10 year lease with a 10 year option. Current rent is $777 per month. A portion of the land is sub leased to an adjacent business for $475 per month, resulting in a $302 monthly rent balance. The seller is responsible for the property tax.
WASH RATES: Present charges are $1.25 for four minutes in the self serve and from $4.00 to $8.00 in the auto wash, depending upon the wash option chosen.
PRICE & TERMS: This business is offered for $200,000 with the seller financing the balance after a required $50,000 down payment with monthly payments of $1,165 including int4erest of 7% per annum.
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