Price Reduced: Self Service Car Wash w/ Bank Financing

Ocean County, NJ

Seller Financing Available
Price Reduced: Self Service Car Wash w/ Bank Financing
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Asking Price: $945,000

Cash Flow: $236,396

Gross Revenue: $407,055

EBITDA: N/A

FF&E: $235,000

Inventory: $3,000

Established: 1995

Price Reduced: Self Service Car Wash w/ Bank Financing

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Business Description

This is a must see opportunity to own a very successful, well established self service Car Wash in Ocean County. This Car Wash is located on a major highway close to other retail businesses & residential communities and has 2 in-bay automatic washes and 4 self serve bays. It is open 24/7 every day. Using modern technology, the owner can run the business from anywhere, with minimal time needed on premise, through the use of fully automated Auto Cashiers & Soft Washes which provide real time access by phone or computer.

The equipment includes 9 vacuum stations, security cameras, vending, & large office area on second floor. $280k in new equipment was purchased in 2016/2017 which included 2 new soft washes, heaters, sign packages and other ancillary equipment. The seller owns the property & is willing to provide a 15 yr lease with terms negotiable. Owner is planning to move out of state once the business is sold.

The motivated seller has very detailed records. Financials are based on 2017 actual results adjusted for an owner operator. Price includes $425,000 in equipment.
The business is pre-approved for bank financing and is offered at $945,000 with an estimated $310,000 down payment dependent on negotiated bank terms.
For further information, call broker Paul Holveck at 908-851-9040 x277

Detailed Information

Location:
Ocean County, NJ
Inventory:
Included in asking price
Employees:
2 P/T
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Seller will provide 2 weeks of onsite training
Reason for Selling:
Seller is moving out of state
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(from currently available funds)
 
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Paul Holveck

Business Listed By:
Paul Holveck

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Sponsoring Broker:
Larry Bodner

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