This independent, multi-location oil lube & car wash business has a dominant position in its marketplace in Western Wisconsin. It is affiliated with a major, national oil brand. Most of the centers feature well maintained, stand alone buildings, up to date equipment, and all have a highly trained, stable employee base. The centers are known for their speed of service and honesty & integrity in dealing with their customers. The centers recently began offering mechanical services, which provides a great avenue for future growth.
The owner’s cash in 2015 exceeded $153k and 2016 is trending higher. The business asking price of $295k includes roughly $80k of inventory and all the equipment, currently valued at over $460k. The business is priced at roughly HALF of what it would cost to equip and stock something similar from scratch.
The real estate is also for sale at a separate price of $2,495,000 (the asking price is supported by a recent, professional valuation). The owner is looking for a buyer that will purchase BOTH the business and the real estate and the asking price for the business is based on that scenario. The combined cash flow for an owner that also purchases the real estate exceeded $326k in 2015 (and that figure is trending higher in 2016) With its stable operations and solid, dependable management and staff in place at each location, this is a perfect opportunity for a strategic buyer looking to expand or an absentee owner/investor looking for a steady return.
Asking Price $295,000
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