Services - Auto Repair, Parts & Svcs

Asking Price	$2,295,000	Inventory	$8,000*
Gross Income	$426,000	Real Estate	$1,950,000*
Cash Flow	$141,412	Year Established	1995
FF&E	$500,000*	Employees	9

* included in the asking price

** not included in the asking price

FINANCING IN PLACE, Full & Self Service, Detail, Lube

THE OPPORTUNITY for a smart operator! This COMPANY is located in an absolutely incredible location! COMPANY is located in a prominent town in South Jersey on a heavily traveled four lane non-divided highway across from a brand new $500 million mixed use community including upscale retail/restaurants, residential, and medical/office space. There have been significant improvements made on this road in the last year with more forthcoming and the Shopping Mall is also located on this same road approximately 1 mile away. The building that houses the tunnel was originally built in the mid 1990 s. The building that houses the coin operated car wash was built prior. COMPANY is more than just your average full service car wash and includes multiple income streams from the following: a full service car wash, a retail store, a detail center, a self service car wash and a quick lube center. COMPANY purchased the business and real estate in May 2007. The current Owner is an absentee Owner who works full time in another field and has never owned a car wash prior to this and is not operating this business well. There is tremendous room for improvement in this business for a smart operator who wants to capitalize on this location. Reply to this ad to receive the Confidentiality Agreement via email that is needed to receive the 15+ page Seller Memo.

Facilities: COMPANY s facilities are located on owned land of 0.723 acre and the buildings total approximately 4,850 sq ft. A complete self-contained appraisal was performed and prepared in May 2007 by a certified real estate appraiser. At that time, the as is value of the real property (building and land, excluding business and equipment) was determined to be $1,950,000 and the as completed going concern value after $400,000 of improvements (the current Owner made in excess of $500,000 of improvements) is $2,700,000.

Competition: COMPANY maintains competitive prices. There is a detailed competition chart available of the competitors within a 4 mile radius. COMPANY s location is superior in that it is has many advantages including high vehicle traffic, easy access and good visibility.

Growth/Expansion: Current marketing is nearly non-existent. COMPANY has no yellow page ad or coupons. Signage was installed in October 2008. Prior there was no signage offering all of the services (detail, lube). There is a captive market in traffic from the 815,000 sq ft of national retailers/restaurants across the street and 1.5+ million sq ft of retail down the road at the Shopping Mall. The retail entrance/exit nearly across the street from COMPANY just opened, so the full effect of the traffic increase is only starting.

Financing: Bank will re-amortize exist $1,950,000 debt for 20 yrs, 7% fixed for qual. buyer

Support/Training: Current Owner is available for transition.

Reason Selling: Current Owner has other full time job and lives 1.5 hours away.