CASH FLOW: $235,000
AVG. TICKET: $6
CASH FLOW: $235K
AVG. TICKET: $6
True high volume express exterior tunnel car wash. Topline has grown +15% per year for the past three years and shows no signs of slowing down. Currently washing over 100k cars per year and has significant room to grow further. Membership subscription program is up, running, and doing very well.
The wash sits on half an acre of land (included in sale price) and features a +100ft tunnel.
This car wash has been well maintained. Owner has made consistent and significant reinvestments in repairs, maintenance and capital improvements. Over $40k has been spent each year on equipment and site maintenance.
In 2019 this wash produced over +$600K of Revenue. Topline is growing 15% a year on average over the past three years.
The wash converted ~$235K to EBITDA in 2019 and is easily capable of far higher margins through ticket price optimization and more careful management of labor.
This is a great wash for both new owners and those with current or prior car wash industry experience. Although well run, this wash presents significant opportunity for additional upside potential in the ways of both increasing topline revenue and decreasing costs.
This car wash have been pre-approved for both traditional commercial financing and SBA financing. Buyers who would like to utilize financing should expect to be required to put down 10% - 25% down.
This is the model of car wash that everyone is after. Low labor, high volume, free vacuums, predictable cash flows, and high margins.