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The Wall Street Journal Online

Profitable Car Wash Near Newton Iowa

Newton Area, Iowa (Jasper County)

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Seller Financing Available

Photo Available
Asking Price:
$314,000
Gross Income:
$72,000
Cash Flow:
$35,000
EBITDA:
$35,000
FF&E:
$350,000.00 *
Inventory:
$1,000.00 **
Real Estate:
$315,000.00 *
Year Established:
2002
Employees:
1 pt
Business Types:
Gasoline Service Stations
Auto Repair, Parts & Services

** not included in the asking price

* included in the asking price

Business Description

Fully automatic car wash with a Hydro Spray Rainmaker unit. There are also two self serve bays along with three exterior vacuum stations. This includes the real estate & buildings.

Real Estate Services Provided by Corridor Property Management, LLC. Licensed in the State of Iowa, City of Solon.

Detailed Information

Facilities:
The building is 2,464 square feet constructed out of decorative concrete block. There is also a maintenance area that also houses the equipment for the car wash. The equipment consists of a 175 gallon hot water heater, Raytherm, A-Ok Equipment and Supply, and a Rainbow Auto Foamer.
Competition:
Only Car Wash in Town. Well maintained.
Growth/Expansion:
20% down produces an 18% return based on average earnings over the past 4 years
Financing:
$50,000 down, 15 yr amortization, 3 year balloon, 6%
Support/Training:
Motivated Seller will provide training
Reason Selling:
Retirement
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Business For Sale Listed By

Brad Kirkpatrick, CBI, MBA

Brad Kirkpatrick
Midwest Business Advisors

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