Business Summary:
Car Wash With Lease Option for $30,000 down payment or for Sale For $185,000 The real estate is located on one acre that is worth $227,000. This car wash is priced for a quick sale or lease, and includes all the equipment, building, storage items, billboard income & more. This car wash needs some work but once it is done it will require very little upkeep & is easy to run with the right person who is prepared to give the business their full attention. Current Owner has another job & cannot manage both jobs The business is currently only running at 60% capacity & is paying out a manager to run it at 60%. Assets included in the sale:-3 Industrial Coin Operated Vacuums Model 100000, 9 additional D & S Model Coin Operated Vacuums in storage (not yet installed on property),1 Fragrance machine D & S Model just placed into service. 1 Shampoo Coin Operated Machine, not installed on property, 6 Stainless Steel Deluxe LED Meters for Wash/Wax/Soap/Pressure control & slug buster, 3 yrs old, 6 solenoids check system, 6 Stainless Steel Spring Loaded Booms, 6 Stainless Steel Spring Loaded Wand & Wand Holders, 6 Foam Brush hoses, Brushes, Wand handles & Swivels, 1 Reverse Osmosis 1500 Gallons Per Day water System (installed but turned off at this time to simplify operations), 1 22 gallon 5hp compressor for foam brush operations, 10 Kat high pressure water Pumps Model #620 (one for each bay), 2 Pro Line Mark VII Soap & Wax Systems, 2~3 Tub southern pride model #PPS1200-C, High Speed Coin Sorter/Counter, Misc Stainless Steel vending machine units & many extra parts (none installed or operating). Fully equipped Car wash. Impressed? The net income is based on all of the machines put in and the 6 bays being fixed. Currently the place makes thousand dollars a month and that is after the expense of the employee that the owner pays to maintain the place. This car wash has lots of potential! This property is located in a low income neighborhood in Montgomery, Alabama. This business is for lease or sale. if you wanted to purchase it is $185,000. Lease option is explained as folloows: Terms of lease purchase $30,000 down payment on lease, (With (-0-) zero lease payments for three months ). $1,500 per month Lease payments starting after the third month. Lease may convert to purchase between year 1 and year 2, with an additional deposit of $10,000. With a balance due of $150,000 amortized at a 4.75% over 30 years with year balloon. Reducing your payments to $783 per month. This will be a NET/NET/NET lease with lessor providing payments for insurance, taxes and all deposits. This is the best lease purchase offer Seller can provide, Seller requests that if this option will work for you, please send a lease purchase contract or e-mail or fax confirming, so that Seller can have his Montgomery, AL council produce the documents. Seller will require a $2,500 non refundable deposit to be held in escrow and applied toward the purchase deposit.
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