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Car Wash & Property Option

22/wk
Camden County, New Jersey, United States
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Asking Price$175,000
Revenue$218,000 Established2010
Cash Flow$79,000 Employees5 full-time
FF&E$190,000* FranchiseNo
Inventory$1,200* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Attractive modern car wash, which is a full service, operation, located in an active affluent commercial area of central New Jersey Camden County. This fully equipped facility consists of a 2,150 square foot operation with a one hundred (100) foot interior drive through. The build out cost for the business was originally $350,000 plus the value of the property. The business has a gross income of $218,700 and can evidence a consistent net income with onsite ownership. Based on the asking price, required down payment and net income this business should supply a 28% return to the owner operator prior to debt service. This is an excellent safe business opportunity which can be sold with or without the property, real estate coordinated by owner’s broker and owner financing is available to qualified buyer. Please call for further details and particular location. This modern seven-year young full service car wash consists of 2,150 square feet on an active commercial county road with substantial drive by traffic and located in an affluent area of Camden County, New Jersey. The facility has a 100-foot interior chain, various storage and shelving areas required for this particular industry. The business assets have an estimated value of $190,000 which is based on replacement cost and the sale includes a modern full turnkey operation which includes all of the required internal equipment to maintain a successful full service car wash business including various equipment required for this particular industry and a formal list of equipment is available upon request.Owner is absentee, out of the area involved in an alternative industry. The seller will remain after post-closing in order to supply a satisfactory training and transitional period. The business has a high volume capacity and the facility is equipped to conduct 600 car washers daily. The building is 2,150 sq. ft. consisting on one floors and a no basement, assessed value is $190,000 and real estate taxes $13,663. The sale can involve a ten-year lease, plus options, monthly rent of $5,000 triple net and option to purchase the property or the sale of the business and property. This business has six employees who are unaware of the pending sale and expected to remain post-closing, monthly payroll $4,950.This facility location has substantial private parking on the site as part of the sale. The business is operational seven days weekly with hours from 8:00 am to 6:00 pm. This particular industry requires a municipal license and a certificate of occupancy from the appropriate government agency to conduct its day to day operation. With onsite ownership, an ongoing and more aggressive marketing plan the business can be further improved resulting in an additional net profit to the owner operator. This general area has limited competitors and the seller has agreed to supply an appropriate non compete agreement to the new operator. The business gross yearly income is $218,700 and a yearly net income of $79,000.00 prior to debt service. The price of the business been valued at $175,000 or $875,000 for the business & property which is based on a multiple of the net yearly income and the assets. This transaction is confidential all viewings are by appointment only and photo may not represent this particular business. No Specific qualifications are required to own and operate this form of business.
Facilities:This modern seven-year young full service car wash consists of 2,150 square feet on an active commercial county road with substantial drive by traffic and located in an affluent area of Camden County, New Jersey. The facility has a 100-foot interior chain, various storage and shelving areas required for this particular industry.
Competition:This general area has limited competitors and the seller has agreed to supply an appropriate non compete agreement to the new operator.
Growth Potential:With onsite ownership, an ongoing and more aggressive marketing plan the business can be further improved resulting in an additional net profit to the owner operator.
Training/Support:The seller will remain after post-closing in order to supply a satisfactory training and transitional period.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:Absentee, out of the area involved in an alternative industry.
Ad #88115
Seller Reference #CWSH118
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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