Description

Financial Information:

Asking Price: $ 500,000
Gross Income: $ 455,000 per/ year [approx]
Cash Flow: $ 205,000 per/ year [approx]

Financing: With $300K down, owner will hold note for balance, Terms TBD

Employees: 5-9 ft & pt / per shift
Hours of Operation: 7.30 am to 7 pm p/day
Established: 2001

Business Description:

This automated car wash is located in one of Bergen County's secure towns, right in front of a huge new shopping plaza with "Walmart" as the anchor and other chain stores. Future plaza tenants include: Target and Home Depot. Historically, the business has handled 35,000 cars per year, but growth is on the way given the plaza's "destination location" status. Other services include: vending, vacuuming and detailing that account for $35K of gross revenue.

Most of the essential equipment in its almost 50-foot tunnel and machinery has been updated and is between 1-2 years old. That includes the conveyer belt, compressor, brushes, etc.
Its Computerized system allows the owner control and supervision of the operation remotely- through a computer or a "Smartphone".

Come and see

Financing: With $300K down, owner will hold note for balance, Terms TBD
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Facilities: Located on a high traffic road, now with the plaza in place. Long-term lease, rent $4,500 per month and property taxes are $6,000 per year.

Competition: No competition in the immediate area
Financing: With $300K down, owner will hold note for balance, Terms TBD
Reason for Selling: Retirement

Posted Jul 24, 2014

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