Description

Excellent business opportunity to own this successful Car Wash, Lube and Detailing business located in Central New Jersey in the County of Camden. This well-known business performs approximately 41,000 car washes yearly with an average cost per vehicle of approximately $15.00, additionally 4,200 lubes at an average of $60. each and gross yearly sales of $872.000. The business assets have an estimated value of $310,000 and the sale consists of a fully equipped commercial retail car wash and lube. The sale also includes displays, shelving, POS system, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This particular business has eight employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $17,5000. The business has an assignable commercial lease which expires May 31, 2037, with a monthly rent of $7,500 and rent security $15,000. The business is located in a free stranding facility with a one-hundred-foot tunnel line and has a capacity for approximately fifteen vehicles. The facility has appropriate private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 8:00 am to 6:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. The 2015 yearly gross income is $872,000 and the business has a yearly net income of approximately $270,000 based on an owner operator and prior to debt service. The business has been valued at $975,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

Posted Jul 13, 2016

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