Business Summary:
Car wash and 2 related cash businesses were completely redone from the ground up by the current owner. They invested about a million dollars in all new equipment and leasehold improvements, creating state of the art services. Busy thoroughfare, just off a major highway. The sales in 2010 were up 20% over 2009 so this is still in the growth phase. Already very profitable, this is an investment with a 30 year productive cash flow horizon for someone already in the business, or a lucrative final career move for a serial entrepreneur. Opportunity for a new owner to earn income before debt and income tax in the mid-6 figures.
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| Facilities / Terms of Lease:
Current base lease is August 2010 - July 2011 at $6,450.00/month with 36 years remain on the lease with annual increases from this low base.
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| Potential
Growth/Expansion:
The current owner expects another double digit % increase in sales in 2011. Broker has detailed list of expansion possibilities
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| Owner
willing to finance:
50% financing available |
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| Owner
willing to train:
Owner will advise and train buyer as needed. |
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| Reason for selling:
Owner relocating out of state where he has interests in several other businesses
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Seller Reference Number: 1358DL/JB
BusinessMart.com Listing Number: 94538 |
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