Full Service Car Wash - RI

rhode-island-tunnel-car-wash-for-sale

Asking Price:

$2,050,000

Snapshot

TYPE: Full Service

OWNER: Active

TUNNEL: 120ft

AREA: Rhode Island

FINANCING: Available

REVENUE: $1,025,000

CASH FLOW: $495,000

AVG. TICKET: $20

TYPE: Full Service

OWNER: Active

TUNNEL: 120ft

AREA: RI

REVENUE: $1.0MM

CASH FLOW: $495K

AVG. TICKET: $20

FINANCING: Available

Overview

High performing, highly trafficked, and long-standing full-service car wash for sale. Consistent and defensive business with local brand recognition and loyal customer base. Unwavering performance and continued growth throughout the worst of the pandemic with no signs of slowing down in site.

Site

Prime main street location with high visibility. Large lot with ample stacking room and ideal full-service setup with no physical bottlenecks present.

Favorable and attractive ground lease with right of first refusal for new owner. Lease structure will facilitate and allow for 25 year amortization period on acquisition financing for the new buyer.

Setup

This 120ft conveyorized tunnel car wash is setup for high quality and volume. High end equipment with ample and regular reinvestment in repairs, maintenance and improvement-driven capital expenditures.

Personnel

Established and proven staff, manager, and personnel.

Financials

This carwash boasted over $1MM in sales during the calendar year of 2020, all while achieving 48% cash flow margins, resulting in ~$500K in EBITDA to the owner.

Financing

Financing is available for all qualified buyers and available in all terms; SBA, Conventional / Commercial, and Seller Financing (to a reasonable extent). Qualified buyers need only expect to put 15-20% down for purchase if desired.

Broker Information and Disclosure

This car wash (internal listing ID RI-011) is under an exclusive listing agreement with:

Harry H. Caruso
CWA & Real Broker LLC
RI License: RES.0045766

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