Simpsonville, SC (Greenville County)

EXPRESS WASH ENTRY
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Asking Price: $1,460,000

Cash Flow: N/A

Gross Revenue: $360,000

EBITDA: $210,159

FF&E: $390,000

Inventory: $2,500

Real Estate: $768,100

Established: 2011

Express Wash

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Business Description

No full-time manager required and part-time owner involvement.14.4% cap rate. Includes Express conveyor wash (upgraded in 2017), one Automatic Touch-less replaced in 2017, and 4 self-serve bays. Year-over-year growth in both sales and EBITDA with 7% EBITDA growth YTD in 2019 and projecting EBITDA of $225k for 2019.

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Detailed Information

Location:
Simpsonville, SC
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
3,932
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Real estate and equipment including new and upgraded equipment installed in 2017.
Competition:
14.4% Cap Rate in high traffic count within growing area. 23,200 TRAFFIC COUNT VPD 2018 50,945 TOTAL POPULATION 3 MILE RADIUS $118,151 AVERAGE HOUSEHOLD INCOME 3 MILE RADIUS
Support & Training:
Will provide 30 days of training.plus vendor support available.
Reason for Selling:
Developing new business
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Business Listed By:
Aaron Seckinger

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