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Car Wash,Gas & Lube In Suffolk County, NY-28955

Suffolk County, NY

Seller Financing Available
Car Wash,Gas & Lube In Suffolk County, NY-28955
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Asking Price: $2,325,000

Cash Flow: $440,000

Gross Revenue: $4,700,000

EBITDA: N/A

FF&E: $600,000

Inventory: $50,000*

Established: N/A

*not included in asking price.

Car Wash,Gas & Lube In Suffolk County, NY-28955

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Business Description

This uniquely located hand wash, alongside a major highway, has a branded gas station, a spacious convenience store, an oil change/lube, and a car wash facility under one roof on Long Island. The car wash receives 45,000 cars a year through a 120 ft tunnel. Gross sales on oil/lube is $ 264,000. It pumps 100,000 gallons a month, and the C store grosses over $ 480,000 . The C store is equipped with lotto,beer, cigarettes, ATM, coffee & breakfast, etc. It has 22 years left on lease,with an option to buy the property Business is managed 100% absentee for estate of prior owner.Full time owner operator's 2016 net cash flow after paying all the expenses is $440,000 with projected net of $515k for 2016-2017. Significant major capital improvements and repairs made by managers-these are\non recurring expenses.Growth opportunities by added more wholesale accounts, business advertising and more high margin detailing. Value of real estate purchase option cannot be monetized but is very valuable for the real estate investor- car wash operator. Owner net cash flow numbers are a for a full time owner operator. Proof of funds is a must. Contact broker Joseph Stansky for more details 1-877-735-5224.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Detailed Information

Location:
Suffolk County, NY
Inventory:
Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
1,500,000.00 Down & $825k over 7 yrs @5%
Support & Training:
The seller will train the new owner.
Reason for Selling:
Run absentee-other business
Business Website:
http://www.vestedbb.com
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Vested Business Brokers, Ltd

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Vested Business Brokers, Ltd

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