Flex Car Wash and Lube(Former Cactus)assumable loan

Gainesville, GA (Hall County)

Flex Car Wash and Lube(Former Cactus)assumable loan

Asking Price:$2,150,000

Cash Flow:N/A

Gross Revenue:N/A




Real Estate:N/A


Flex Car Wash and Lube(Former Cactus)assumable loan

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Business Description

Flex Car Wash and Lube Facility just renovated and assumable SBA loan

This wash has been in business since 2005 and was formerly Cactus. We have a full service quick lube facility with 3 bays as well. I bought the place in February and have invested another $230k in new equipment, 25 new express vacuums(6 are in front of building), etc. It has been updated with brand new Lava system(from TSS) much nicer than the one from Simoniz, Hot Wax, DRB automated paystations for express customers, Tire shine machine(Sonnys), New pivoting, wheel blasters, all new rollers on conveyor, New 15k Dual Hydraflex pump station to mix chemicals perfectly and save water, new PECO wrap installed Oct 5th 2016, Rain x wax foaming arch with LED light, Various LED lights in tunnel and blue one on rain arch, Roof over tunnel entrance and over back of building(vac area), new stack stone wall at entrance with 2 waterfalls and koi pond, Etc. Ween I bought the place it was in the middle of a partner dispute and they had taken all signs down and let the place go. I have been building it back up and had numerous compliments but its time to move back to Charleston. The place in its prime did enormous business and I have been building it back succesfully. I have been in this business for 24 years and see great potential with a hands on owner such as myself. The balance on SBA loan is assumable at 5.5% interest. Average bills: labor has averaged 22%/month, water 1400-1600, power 2500-3000, chemicals 1200, oil supplies 1500-2200, insurance 560. So lets say you do 60k for the month, 22% labor is 13200 and then subtract expenses leaves you with $27540!! Beat that for a ROI! Even if you raised the labor to 30%, still amazing. Its all about being hands on and managing the waste. Volume is getting back on track but only way to go from here is up and the price is almost $1 million cheaper than they built it for and about $1 million cheaper than other places that dont have good numbers or assumable loans. Also not listed with an agent so save yourself 10% thats usually added in for commission! contact Ralph (owner)for details 770-653-8201

Detailed Information

Real Estate:
Building Sq. Ft.:
There are several car washes in the Gainesville area and one new express Exterior wash. We are the biggest and best equipped and also offer Express too which is new and growing with the best prices in the area since our express is all just extra services and we have always concentrated on the customer preferred full service.
assumable SBA loan
Reason for Selling:
Moving out of State

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Business Listed By:
Ralph McClelland

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