FURTHER REDUCED Car Wash w/ Property Prime Location

Myrtle Beach, SC (Horry County)

FURTHER REDUCED  Car Wash w/ Property Prime Location

Asking Price:$695,000

Cash Flow:$80,000

Gross Revenue:$250,000




Real Estate:$900,000


FURTHER REDUCED Car Wash w/ Property Prime Location

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Business Description

Full service car wash with property located on Kings Hwy right in the heart of the tourist zone. Seller has several other businesses and is totally absentee. Therefore he does not have time to keep it up as it should be. Equipment is less than 3 years old. Seller just spent $10,000 in upgrades. Full service car wash and lube center. Seller is currently leasing out the lube part for $1500/ month. This is a business that needs an owner to spend more time keeping it up and marketing it. Located adjacent to another 1.5 Acre property that is for sale. Doing a package for both properties may be an option. Averages 100 cars/ day. The location is excellent with no nearby competition. If you are looking for a nice money stream with very little hands on work, this is ideal. It shows a 12% CAP rate for a passive investment. Priced for quick sale at less than land value. Seller just got a contract with the city to wash all their cars which will add $2000/ month or more to the bottom line.

Detailed Information

Real Estate:
Included in asking price
Building Sq. Ft.:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Full Service car wash close to the beach on main highway with traffic count of 50,000/ day
No other full servce car washes in the area
will consider
Support & Training:
Seller will show new owner how the business operates
Reason for Selling:
Seller has several other business and does not have the time needed to keep it

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Jim Bunting

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Jim Bunting


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