Express Carwash - OH

express-exterior-carwash-forsale-in-ohio

Asking Price:

$1,625,000

Snapshot

TYPE: Express

OWNER: Passive

AREA: Ohio

FINANCING: Available

REVENUE: $645,000

AVG. TICKET: $8

TYPE: Express

OWNER: Passive

AREA: OH

REVENUE: $645K

AVG. TICKET: $8

FINANCING: Available

Overview

Express exterior tunnel car wash in desirable high traffic location. Currently washing over 80K cars per year and growing quickly. This wash has the potential to do well over 120K cars per year. Membership subscription program up, running, and growing with great success.

Site

The wash is situated on a 0.7 acre parcel of land (included in sale price) and features a +80ft tunnel. Average daily traffic counts in front of the site of ~25K cars per day.

Financials

In 2019 this wash produced ~$645K of gross revenue. Revenue has grown +30% during the first 6 months of 2020 alone (without any adjustments or modifications due to COVID). This wash is on track to rebound back to its historical rate of washing ~120K cars a year (which it has historically proven to be capable of).

There is significant room to increase both gross revenue and margins on this wash. In the hands of a caring and dedicated owner and operator, this site will continue its current track to be back to washing 120K cars per year and the attainment of 55% Cash Flow margins.

Next Owner

This car wash is ideal for new owners as well as current car wash operators and owners looking to expand. With immense upside potential, an ideal site location, and the favorable tailwinds of recently finished construction, the new owner will be a in great spot.

Financing

Both SBA and traditional conventional financing is available for this wash. Buyers should expect to need to put 10% - 25% down on purchase.

Broker Information and Disclosure

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

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

Kristine D. Bertrand
Glasshouse Realty Group, LLC
OH License: SAL.2015000772

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