Well-Established Self Service Car and Truck Wash!!

Seagoville, TX (Dallas County)

Seller Financing Available
Well-Established Self Service Car and Truck Wash!!
Contact Seller

Asking Price: $199,000

Cash Flow: $56,000

Gross Revenue: $66,000

EBITDA: N/A

FF&E: $40,000

Inventory: $1,000

Real Estate: $125,000*

Established: 1984

*not included in asking price.

Well-Established Self Service Car and Truck Wash!!

Save Print Share Valuation Report

Business Description

PASSIVE INCOME, GREAT ROI, 26% CAP RATE!!

PASSIVE, ALL-CASH INCOME!!!

17.2% CAP RATE, HUGE!!!

REAL ESTATE WILL BE SOLD WITH THE BUSINESS AS A SEPARATE TRANSACTION FOR $125,000, BRINGING THE TURN-KEY PACKAGE PRICE TO $324,000.

This is your chance to acquire a passive income car wash business that has been around for 20+ years. The car wash is self service with 3 Car Bays, 1 Truck Bay, and 4 vacuums. Two are regular vacuums, the other two have add-ons.... one has shampoo, and the other one has fragrance. This is an all-cash business that only takes checking on the business and collecting money once or twice a week. It is in Seagoville right off the service road of a major freeway and cross street, with a high volume of traffic daily, and no competition nearby. 3 Car bays average 900-1000+/month each, Truck Bay $1200-$1500+/month

The current owner is going through a divorce, and unfortunately must cash out the business. He has had this car wash for 15 years and enjoyed the semi-absentee cash flow that comes with the business.

Looking for a cash sale and/or owner financing on the business, and the Real estate will be sold in a separate transaction at a discounted price of $125,000, which can be financed through a bank or lending institution. In addition, all new pumps are being put in so the equipment will be up to date and ready to go for the new owner.

Expedite Disclosure with out online digital NDA at: https://www.proplusbusinessalliance.com/online-nda

Detailed Information

Location:
Seagoville, TX
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Equipment is CAT, 7-10 years old, 4 vacuums. 1 with shampoo, one with fragrance, 2 just vacuums. All new pumps being installed and will be ready to go prior to the sale. Car wash: 48 seconds per quarter Truck: 43 seconds per quarter. Wax, spot free, foam brush, rinse, soap, engine degreaser, pre-soak: use Baker Equipment and Kleen-Rite
Competition:
None in the area
Growth & Expansion:
Slightly increasing the cost by 10-20% (dropping down the number of seconds per quarter by only 5-10 seconds less) would not be noticed, but increase revenues. Many self serve washes are only 30 seconds per quarter. Also installing credit/debit card machines could add some additional client base. Current rates are: Car wash: 48 seconds per quarter Truck: 43 seconds per quarter. ALSO: CONVERT ONE OF THE CAR BAYS TO AN AUTOMATIC TOUCH-LESS WASH, OR ADD ONE, THAT ACCEPTS CREDIT CARDS, SHOULD INCREASE REVENUES ANOTHER 25-40%
Financing:
Negotiable on the Business
Support & Training:
As needed
Reason for Selling:
Divorce
Contact Seller

Contact the Seller

Contact Seller Loading

Toby Barker

Business Listed By:
Toby Barker

BBDC

Show Phone Number

View My Listings

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1668819 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Meineke Car Care Centers

Franchise Opportunity
Cash Required: 110000