Jefferson County, AL Car Washes For Sale

2Riverchase Car WashRare Opportunity to Acquire Established Business with Large Upside
$2,600,000 Cash Flow: $460,000
Riverchase Car WashRare Opportunity to Acquire Established Business with Large Upside

Hoover, AL

INVESTMENT SUMMARY Marcus & Millichap is pleased to present the exclusive Business & Real Estate listing for Riverchase Car Wash & Detail (RCWD) located in Hoover, AL. The 1.6 acre lot consist of 10,600 sf of building space that includes the states longest wash tunnel. The additional square footage provides customers with a large comfortable family-friendly waiting area. The property consists of 8 Bays allowing maximum efficiency. Next door to the property is Express Oil Change, whose clientele often decide to have their car detailed. Express Oil further increases the value by providing the landlord with $29,360 in annual rental income by leasing a 12,930 sf pad located towards the rear of the property line. The guaranteed lease will run for another 5-years minimum. In 2016 Riverchase Car Wash reported gross sales in excess of $800,000. in 2017 they spent approximately $350,000 upgrading the tunnel, and they expect over $1,000,000 in Sales for 2018. TENANT SUMMARY Riverchase Carwash & Detail offers a variety of services with their innovative technique using original chemical compounds in every cleaning solution to ensure their customer receives the highest quality wash in the quickest period of time. All of which is offered at an unmatched price. Every month over 2,200 customers in Hoover depend on Riverchase Car Wash to take care of their vehicles. Riverchase Carwash & Detail has been servicing Hoover and the surrounding area for 11 years. SPECIALTY SERVICES -Full-service car wash (in & out) Polish Buff & Wax -Blue Crystal Coating Package -Paint Correction & Enhancement -Headlight Restoration -Windshield Repair -Odor Removal -Glass Coating Package (multi-year protection) WHAT SETS RIVERCHASE APART FROM COMPETITION The owner and operator has spent 11 years successfully operating at this location. During that period he spent next to nothing on advertising and marketing. Yet some of his most loyal customers drive high end auto makes such as Porsche, Audi, BMW, and even Bentley. These type of cars you wouldn’t dream of seeing at an express car wash. Yet they come back to Riverchase Car Wash & Detail time and time again. With a background in Chemistry and Manufacturing Automation, Current Owner Opened a Carwash Business which he knew would allow him to take advantage of his knowledge. In the 11 years growing the Business he has created his own cleaning solutions and express wash technique that allow him to provide a one of a kind product and service. Owner/Operator will implement his washing technique and sell his solutions to the Purchaser. KEY POINTS -Ideal Location -Established Customer Base with Room to Expand -One of a Kind Cleaning Solution and Technique (All of which will be made available to Purchaser) -Higher Profit Margin Than Competition