Xpress Car Wash & Propty:Rev $7.2M, Net $338K+, SBA Ava, at $5.45M, LA

Los Angeles County, CA

Xpress Car Wash & Propty:Rev $7.2M, Net $338K+, SBA Ava, at $5.45M, LA
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Asking Price: $5,450,000

Cash Flow: $338,000

Gross Revenue: $720,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $2,950,000

Established: 2014

Xpress Car Wash & Propty:Rev $7.2M, Net $338K+, SBA Ava, at $5.45M, LA

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Business Description

> A state-of-the-art Express Car Wash with the high technology possible to receive more than 5 stars. The answer is GLOSSY and CLEAN power.
> Absentee-owner business
> Self-service vacuums and dryers have amazing suction power and relyability.
> The premium monthly package passes are sold at a very low price, so customers can wash their cars without burning their wallets.
> It is not the least expensive car wash but is the most impeccable detailing car wash in the region. No one can beat the price around
> Best known as the fastest and most efficient car wash. Not only is a very large space to vacuum cars
> Since this car wash was built four years ago, all the machines are still in very good working conditions, like new ones.
• Monthly gross turnover is anywhere between $58,000 and $62,000 on average
• Monthly net income is an average of $28,167 and up
• Business hours are from 7:00 am to 8 pm, 7 days a week
• 120 FT tunnel, 12 vacuum bays
• Bldg.: 3,378 sq. ft, Lot size: 26,658 sq. ft
• SBA loans are available with a 30% or $1,635,000 down payment
> For a loan of $3,815,000, a monthly installment of $26,963 will be repaid at 7 % annum for 10 years
> In fact, it is advisable to make more than 50% down payment to significantly reduce the overburdened installment: For $2,725,000 loans, an installment to be $19,260/mo
> Loan terms or interest rates can be negotiated based on the buyer's credit rating
> Price is also somewhat negotiable
• For more information, email Kevin Kim at beerealty.kim@gmail.com
* Note: If you are a ready-able buyer and you are interested in learning more about this Car Wash or are serious about purchasing it, you are strongly encouraged to come to our office to get the financial details, loan procedures and business information that best fits your needs,due to the unique nature of the business itself.
Once you come to our office, you can get more listings for the business that you've always dreamed of, or other mainstream stores that might be the best fit for your goals.
Please let us know at least 3 days in advance to get better service

Detailed Information

Location:
Los Angeles County, CA
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
3,738
Employees:
4
Facilities:
Use code: Car Wash Only, Self Service Type Built in 2104: all the features and equipment still work great as new 120 ft long tunnel - actually 20 to 40 feet longer compared to other shorter ones 12 vacuum bays in a large servce station Absentee-owner
Competition:
Yes
Growth & Expansion:
Given the pace of growth, this car wash is entering the mid-growth phase just past the early stages of growth momentum and is expected to grow by around 10% over the few years, as has been done so far. This trendency will continue to privide a sustained future growth engine that will be the axis of the growth.
Financing:
SBA Loans (7a) available
Support & Training:
2 weeks to be trained by on-site employee and/or seller after closing
Reason for Selling:
Retirement
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(from currently available funds)
 
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Kevin Kim

Business Listed By:
Kevin Yong Kim

Bee Realty Group

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