Broker Name:Stephen Lee
Broker Email:info01@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Self-Service Car Wash with Real Estate
(Automotive)
Tarrant, Texas
Listed Price: $ 440,000
Listing ID: 001007

Listing DetailsDown Payment: $ 66,000
Gross Revenue: $ 86,745
Cash Flow: $ 58,505
FFE: $ 50,000 (Included in Price)
Real Estate: $ 350,000 (Included in Price)
Inventory: $ 250 (Included in Price)
Reason for Sale:

Other opportunities


Training & Support:

The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

Well-established coin-operated self-service car wash in East Fort Worth including real estate is now available for acquisition. This business was established by the previous owner in 1983 and was acquired in 2016 by the current owner of the business. The business is occupied in a 3,180 SF space of a freestanding building nearby a major intersection and surrounded by retail areas and densely populated residential neighborhoods. Few competitors are within the local area, but this business provides better service and a cleaner environment than the competitors as the facility is very well-maintained. Also, this coin-operated car wash features 9 bays and 3 vacuum stations while the competitors have far below. A majority of the customers are a good mix of all ethnic groups from the surrounding densely populated residential neighborhoods and adjacent cities, and a large portion of customers consists of loyal customers that have been accumulated in the last 37 years of operation. Gross sales of this car wash have been consistent for the last several years running at around $87K per year due to its prime location and superior quality service. Currently, there is a minimal amount of marking being done, and there are many ways to proactively market this business such as direct mailing, flyers, social media outlets, additional vending machines, etc. This well-established self-service car wash is ready for a potential buyer who can be actively involved in the business operation while marketing to grow the business to maximum income capacity.


Competition:

Few competitors are within the immediate market area, but this self-service car wash has a very well-maintained facility featuring 9 bays and 3 vacuum stations while other competitors have far below.


Potential Growth:

Minimal marketing is in place, but other proactive marketing methods need to be utilized to generate more revenue.


Financing/Terms:

100% down at the time of closing or 15% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 3180
Facilities:

The business is occupied in a 3,180 SF space of a freestanding building that is situated on approximately 25,241 SF near a major intersection of a city.


OperationYear Established: 1983
Absentee Owner: No