Asking Price:

$995,000

Gross Income:

$752,500

Cash Flow:

$110,377

EBITDA:

N/A

FF&E:

$450,000.00 *

Inventory:

N/A

Real Estate:

$800,000.00 *

Year Established:

2004

Employees:

8FT, 8PT

Business Types:

Auto Repair, Parts & Services
Miscellaneous Services

* included in the asking price

Business Description

This car wash specializes in full service wash and detailing. They have a complete car detail department and hand wax service. Established in 2004, it is considered the ultimate in full service in the Boise area. Approximately 45,000 car washes are done yearly at the facility, with many of them asking for higher priced detailing services. Their car wash prices range from $6.99 Summer Special Exterior Wash with Towel Dry and up to $29.99 in additional express detail services. Ultimate Auto Drop-off Detail Treatments are offered at prices up to $299.00. Overall average on all services is approximately $16.00 per customer. Currently, this is a passively owned business. A full time general manager has worked the business since the beginning, with a salary of $60,000. An on-site owner/operator should provide a higher net income through labor reduction, efficiency, and incentives. Overall labor has been higher than average, however a new POS system recently put in place monitors labor and other expenses and should increase profit. Real Estate is included in this sale. The building is approximately 4,000 sq. ft. and the land is approximately 210 ft. frontage and 150 ft. deep for a total of .72 acres. The owner pays himself $3,750 rent per month and is included in the overall cash flow number. This is a well-established car wash that has everything in place for a great investment, and priced well below the standard rules of thumb valuation models.

Detailed Information

Facilities:

4,000 sq. ft. building, .72 acres land included in asking price.

Competition:

Nearest car wash is approximately one mile away, but does not provide the same full range of personalized services.

Growth/Expansion:

Former advertising on TV, radio and direct mail proved a large increase in business. Owner backed off on advertising and sales remained strong. A more aggressive marketing effort could be implemented with these methods of advertising for a new level of revenue. Increasing auto detailing should get the customer average at $24.

Support/Training:

Seller will provide support and training.

Reason Selling:

Divestiture