Link to Offering Memorandum: https://www.matthews.com/properties/stnl-soapy-sams-car-wash-goshen-in
Owner/User Opportunity – Opportunity to acquire the business, building, and underlying real estate
Recent Capital Improvements – Ownership has completed substantial upgrades over the past year, including a new reverse osmosis (R/O) system and significant tunnel equipment replacements, including hydraulic lines, compressors, soap application systems, and an upgraded conveyor track
Additional Revenue Upside – Existing membership program provides immediate opportunity for revenue growth through expanded marketing efforts and customer acquisition initiatives.
Turnkey Operations – Operates 24 hours a day, 7 days a week as an unmanned tunnel, allowing for efficient operations with minimal labor requirements.
Strong Traffic Exposure – The property benefits from prominent exposure along Lincoln Highway, which carries traffic counts in excess of 18,100 vehicles per day.
Strong Surrounding Retail – Strategically located near a dense concentration of national and regional retailers, including Menards, ALDI, McDonald’s, Burger King, Dunkin’, Walmart, Arby’s, Culver’s, Starbucks, Taco Bell, and other well-known brands.
Tax Advantages – Car washes may qualify for bonus depreciation, potentially enhancing after-tax returns (buyer to consult with their CPA).
Ad#:2460114
