Automatic + Self Serve - IL

in-bay-automatic-car-wash-self-serve-carwash-lacon-full-size

Asking Price:

$325,000

Snapshot

TYPE: Automatic + Self Serve

OWNER: Passive

BAYS: Three Total

AREA: Illinois

FINANCING: Available

REVENUE: $110,000

CASH FLOW: $65,000

AVG. TICKET: $7.50

TYPE: IBA + Self Serve

OWNER: Passive

BAYS: Three Total

AREA: Illinois

REVENUE: $110,000

CASH FLOW: $65,000

AVG. TICKET: $7.50

FINANCING: Available

Overview

Here is an opportunity to own the only car wash in town. Situated directly on the main street, this IBA + SS combo car wash features one in-bay automatic and two self-serve bays. In addition to the car wash revenue, this location features locked in ATM rental income and purified water sales revenue. Both these two income sources are included in this sale and will be to the benefit of the new future owner.

This car wash has consistently increased and improved top-line revenue over the past three years and has continued to maintain healthy profit margins all throughout.

This wash can be operated completely absentee and is a great source of passive income for a new buyer and owner. Additionally, it presents a great opportunity for 1031 Exchanges as well.

Sales are up year-over-year despite COVID and on an unadjusted basis.

Real Estate is owned and included in this transaction and the asking price.

Facility and Equipment

All equipment and facilities have been functionally revamped over the course of the past two years. The total amount spent in capital improvements totals over $100K in the last two years alone. Some of the new equipment includes a new Waleo automatic wash with new blowers, water pumps, water heaters, camera’s, lighting and automatic wash doors.

Broker Information and Disclosure

This car wash (internal listing ID IL-006) is under an exclusive listing agreement with:

Harry H. Caruso
CWA & Real Broker Commercial LLC
NY License: 10401336251

Tania Diaz
Real Broker LLC
IL License: 471020748

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