Business Summary:
This car wash specializes in full service wash and detailing. They have a complete car detail department and hand wax service. Established in 2004, it is considered the ultimate in full service in the Boise area. Approximately 45,000 car washes are done yearly at the facility, with many of them asking for higher priced detailing services. Their car wash prices range from $6.99 Summer Special Exterior Wash with Towel Dry and up to $29.99 in additional express detail services. Ultimate Auto Drop-off Detail Treatments are offered at prices up to $299.00. Overall average on all services is approximately $16.00 per customer.
Currently, this is a passively owned business. A full time general manager has worked the business since the beginning, with a salary of $60,000. An on-site owner/operator should provide a higher net income through labor reduction, efficiency, and incentives. Overall labor has been higher than average, however a new POS system recently put in place monitors labor and other expenses and should increase profit.
Real Estate is included in this sale. The building is approximately 4,000 sq. ft. and the land is approximately 210 ft. frontage and 150 ft. deep for a total of .72 acres. The owner pays himself $3,750 rent per month and is included in the overall cash flow number.
This is a well-established car wash that has everything in place for a great investment, and priced well below the standard rules of thumb valuation models.
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