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High Volume Car Wash & Real Estate

471
Warren County, New Jersey, United States
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Asking Price$599,900
Revenue$539,600 Established2001
Cash Flow$128,651 Employees8 full-time
FF&E$240,000* FranchiseNo
Inventory$5,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Excellent opportunity to own this high-volume car wash business and real estate or purchase the business with long lease and option for the property located on an active state highway in Northern New Jersey Warren County. The business on a state highway, one acre with an attractive modern image. The business has a 100-foot drive thru and a fully operated retail store and space available for possible oil lube. The business averages approximately forty thousand plus cars yearly with an average cost of $18.90 per vehicle. With many years of experience, this Car Wash is your one stop shop for all your Car Washing, Interior Cleaning, Waxing, and Detailing needs. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply an excellent investment return to the owner operator prior to debt service. This Car Wash is an owner operated business which has been servicing the community for many years with automotive cleaning and expert detailing. They want to help your car lead a clean life and wish to help you in any way they can. Their services include a combination of different washes you can choose to suit your needs as well as full service detailing. This industry does not require government agency approval to purchase. This business has eight full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $11,900. The sale will include a new commercial lease which expires 2027-01-01 plus additional options, with a monthly rent of $8,000, triple net, cost per square foot is $13.00 and rent security of approximately $16,000. The business is in a free stranding facility which consists of 8,000 square feet and has a capacity for approximately three hundred and fifty vehicles daily. This car wash is offered with property or option for the real estate and includes a fully equipped business opportunity including a 100-foot drive through, various separate wash area, displays, shelving, POS system, tables, 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 asset value is estimated at approximately $240,000 based on replacement cost of equipment and required licenses. This is a call 4A commercial property, and the assessed value of the real estate is approximately $1,300,000. 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 7:30 am to 7:00 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 2016 yearly gross income is $539,600 and the business has a yearly net income of $128,651 based on an onsite owner operator and prior to debt service. The business has been valued at $599,900, based on a multiple of the net yearly income and the value of the specific business assets and possible seller financing to a qualified buyer with an appropriate down payment. The owner will supply an option for the property or include the property in this sale. Based on a 20-year payout at 5% interest, 20% down payment purchaser would obtain a consistent net yearly income return on investment after debt service. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.
Facilities:This remolded retail facility consists of 8,000 square feet with clean professional physical appearance. The business is on one acre of land and located on an active state highway in Northern New Jersey. This successful business opportunity is in Warren County, which consists of various affluent communities highly populated cities with continued demand for this service.
Competition:To the best of our knowledge due to difficulty with licenses, 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, no corporate accounts and if improved can further developed the business bottom line income.
Training/Support:The owner will remain post-closing for 30 days and supply a transitional period.
Seller Financing:Can be available to a qualified buyer with an appropriate down payment.
Sale Reason:The owner is retiring after many successful years.
Ad #102990
Seller Reference #CWSH136
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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