Express Carwash - MI

express-car-wash-conveyor-tunnel-mi-michigan-for-sale-under-contract

Asking Price:

$4,000,000

Snapshot

TYPE: Express

OWNER: Passive

TUNNEL: 120ft

AREA: Michigan

FINANCING: Available

REVENUE: $1,100,000

CASH FLOW: $610,000

AVG. TICKET: $7.5

TYPE: Express

OWNER: Passive

TUNNEL: 120ft

AREA: MI

REVENUE: $1.1MM

CASH FLOW: $610K

AVG. TICKET: $7.5

FINANCING: Available

Overview

High volume true express exterior conveyor tunnel car wash currently washing over 145K cars a year. This wash grew over 10% a year for the past three years, with 2020 continuing this trend and being no exception (even with COVID).

Site

Located at a four-way intersection on the main road, this wash has significant daily traffic passing by it and a very high level of curbside visibility. The street-light managed intersection provides that passing cars have a low average speed, a long duration of direct line-of-site-visibility, and easy and convenient left turn entry into the lot. The lot and site design are both spacious and efficient. There is even room to expand further with the addition of even more vacuums (if the owner would like to boost performance and throughput even more).

Facility and Equipment

All the equipment in this wash is nearly brand-new as of 2019. Currently boasting a 120ft conveyorized tunnel and nine vacuum stations, this wash is truly setup to consistently and reliably handle the high volume that it does.

Financials

This car wash produced ~$1.10MM over the past twelve months while netting +$610K to EBITDA.

Competition

There is no notable nor serious competition with any shared traffic in the entire area where this wash is located.

Financing

Financing is available in the ways of conventional bank financing and SBA financing. Seller financing is also available, but only in a modest amount.

Conclusion

This wash is turnkey and simply done right. The builder and operator has owned many washes in their time and has spent an inordinate amount of time planning and executing the site layout and setup at this car wash. Everything was done purposefully and optimally. If you are looking for a serious high growth, high volume, express tunnel – inquire today.

Broker Information and Disclosure

This car wash (internal listing ID MI-012) is under an exclusive listing agreement with:

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

Becky Smith
Production Realty
MI License: 6501404113

Inquire Today

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