Searching for a car wash for sale in Michigan? This golden nugget may be the one for you! For over 35 years, this company has been serving customers from its ideal location in West Michigan. Customers are comprised of both those in the local community and commuters to a nearby large metropolitan area. Business and profits have been growing steadily over the past three years and with significant commercial and residential developments being planned in close proximity to the company, it is expected that the growth will accelerate.
Ownership is selling in pursuit of retirement. The owner is dedicated to the future success of the company and will therefore make himself available for whatever duration is necessary for a smooth transition to the next owner.
$600,000 cash at closing; $600,000 Seller Note 5-year balloon, 15-year amortization. Asking Price is Firm. Terms Negotiable. Serious Inquiries Only.
Ideal Location – The company is the only car wash in a 3-mile radius and is located along a business district where the speed limit drops to 35 mph. This is beneficial as prospective customers are forced to slow down and therefore become aware of their surroundings and often stop in for a wash.
Longevity – The company has been in continuous operation since the mid-70’s; through recessions, local economic downturns, extended periods of roadwork, and bad weather years. Its business model and location have been tested by almost every conceivable challenge.
Recent Investments – The company has recently invested in a new conveyor, tire shiner and also refreshed the building. The purchase and installation of a better door in place of plastic flaps is saving the company thousands of dollars in utility costs during the colder months.
Growth Trajectory – The number of cars washed per year has been rapidly growing since the recession of 2009.
Local Development and Investment – Big development plans are in the works for the area. Three large, mixed-use developments are approved for building within the next two years (mixed commercial, residential and apartments).
Online Marketing – While the company maintains a website and Facebook Page, they do not do much online marketing or advertising.
Upgrade Facilities – Moderate investment would enable the company to offer higher levels of service and potentially dramatically cut utility expenses.
We understand you may be accustomed to a poor response rate from business brokers. That will not be the case with us.
Due to confidentiality requirements, if you call first, we will be unable to disclose further information without a signed non-disclosure agreement.
The fastest and most efficient way to get the information on this great opportunity is to inquire through this website.
Asking Price $1,200,000
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