Car Wash with Real Estate Established

Lafayette, IN (Tippecanoe County)

good equipment
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Asking Price: $499,000

Cash Flow: $90,000

Gross Revenue: $250,000

EBITDA: $90,000

FF&E: N/A

Inventory: N/A

Real Estate: $525,000

Established: 2005

Car Wash with Real Estate Established

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Business Description

Carwash on busy corner. Profitable and established.

1.2-acre lot on a busy corner with a 110' conveyor and 8 self-service bays. Sales are $225,000 to $275,000 every year (depending on the weather) with no advertising/marketing. The property is steady and profitable; I am an absentee owner and the property has much more potential. The land alone without improvements appraised for $525,000 in 2018 and has increased in value as the entire area is being redeveloped with healthcare facilities and car dealerships (a large Bob Rohrman Jeep/Dodge dealership is opening on the next corner later this year). Everything works.

Detailed Information

Location:
Lafayette, IN
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
3
Facilities:
1.2 acres, 110' conveyor wash tunnel, 7 self-service bays, vacuums. Great real estate investment on busy corner in heavily-trafficked, growing area.
Competition:
The nearest wash is about 3 miles away. No washes have been built in the area in the past several years, and none are being built at this time.
Growth & Expansion:
Tons of potential if the owner chooses to grow the business, or it can be run absentee with the existing manager.
Financing:
no financing by owner
Support & Training:
Chemical and equipment distributors are available for support. Manager on site is familiar with the property and equipment.
Reason for Selling:
Absentee owner has lost interest--exiting most of my business to semi-retire
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Business Listed By:
Dave, Owner

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