HS Listing ID-70198
Asking Price: $2,350,000
Gross Revenue: $1,211,063
EBITDA: $282,454
Business Highlights:
Price Allocation: Business $1,175,000 | Real Estate $1,175,000
Business Model: The wash operates as a flex-serve hybrid model, combining express exterior tunnel washes with full-service interior cleaning and detailing.
Location: The property is positioned along a high-visibility commercial corridor with approximately 14,000–16,000 vehicles passing per day, supporting strong drive-by exposure and consistent customer traffic.
History: The car wash facility was originally constructed between 1989–1990 and has operated continuously for decades, establishing a long-standing presence and loyal customer base within the market.
Real Estate Included: The sale includes the commercial real estate, situated on approximately 0.83 acres, providing strong vehicle circulation, operational capacity, and long-term site control.
Membership Revenue: The operation maintains approximately 1,000 active membership customers, generating roughly $315,000 in recurring annual revenue.
Tunnel System: The facility features a 100-foot conveyor tunnel wash system supported by a four-lane vehicle intake system, allowing both exterior wash services and full-service/detail operations.
Equipment: Wash equipment includes Sonny’s and PECO systems, with recent upgrades including replacement wash cloth, conveyor components, rollers, and foamers.
Facility Size: The property includes approximately 11,354 square feet of total improvements, including a 5,200 square foot primary building along with covered service canopy areas.
Ownership Structure: The business is currently semi-absentee operated, with ownership spending approximately 8–10 hours per week overseeing administrative tasks.
Management Team: The operation includes two managers and one assistant manager, allowing the business to operate with limited day-to-day owner involvement.
Established Workforce: The business operates with an experienced team of approximately 30+ employees supporting daily operations across wash, detailing, and customer service roles.
Employee Tenure: Several employees have long tenure with the business, including a manager with more than a decade of service and a maintenance-focused employee with more than 25 years at the location.
Customer Database: The business maintains a customer marketing database of more than 5,500 captured email contacts.
Competition: The closest competing car wash is located several miles away, providing a favorable competitive environment.
Growth Opportunities: Opportunities exist to expand memberships, extend operating hours, open Sundays, adjust pricing, and optimize site layout to increase throughput.
Reason for Sale: Seller looking to retire after a long tenure with the business.
Listed By SFR Realty Jason Green North Carolina License #319349
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
Ad#:2483883
