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Successful Modern Car Wash For Sale

Camden County, New Jersey, United States
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Asking Price$750,000
Revenue$805,000 Established2002
Cash Flow$262,000 Employees8 full-time
FF&E$277,000* FranchiseNo
Inventory$5,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Excellent business opportunity to own this successful modern Car Wash, Lube and Detailing business located in Central New Jersey in an affluent area of Camden County. This well-known business performs approximately 40,000 car washes yearly with an average cost per vehicle of $15, additionally 3,500 lubes at an average cost of $60.00 representing a gross yearly income of $805,000. This industry does not require government agency approval to purchase or operate. This business has eight employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $21,600. The business has an assignable commercial lease which expires 2028-01-01 plus additional options, with a monthly rent of $7,500 and rent security $15,000. The business is in a free stranding facility with a one-hundred-foot tunnel line and has a capacity for approximately fifteen vehicles. The business fixed assets has an estimated value of approximately $277,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped commercial retail car wash and lube. The sale also includes car wash and lube equipment, displays, shelving, POS system, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 8:00 am to 6:00 pm. The sale includes a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. The business has been valued at $750,000 based on a multiple of the net yearly income which includes the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:This commercial retail facility which consist of 2,700 square feet has a modern professional appearance. The car wash consists of a free-standing building close to various other successful businesses. This opportunity is in Central New Jersey, Camden County, which consists of various highly populated communities with continued demand for this particular industry.
Competition:To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth Potential:The business presently has a limited marketing plan, poor web site and if improved can further develop the business bottom line net income.
Training/Support:The owner will remain post-closing to supply an appropriate transitional period to the new operator.
Seller Financing:Financing is available to a qualified buyer with an appropriate down payment.
Sale Reason:The owners are absentee, out of the area representing a partnership separation.
Ad #100682
Seller Reference #CWSH134
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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