Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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14 Year Established 4-Bay Self Serve Car Wash
(Automotive)
Dallas, Texas
Listed Price: $ 199,000
Listing ID: 001019

Listing DetailsDown Payment: $ 30,000
Gross Revenue: $ 48,368
Cash Flow: $ 23,334
FFE: $ 35,000 (Included in Price)
Real Estate: $ 163,500 (Included in Price)
Inventory: $ 500 (Included in Price)
Reason for Sale:

Exiting the industry


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:

4-bay self-service car wash in Northeast Dallas, including real estate, is now available for acquisition. This business was originally established by the previous owner in 1970 and was acquired in 2007 by the current owner of the business. The facility was remodeled by the previous owner in 1997, and the sewer line, LED lights, and vending machines were replaced with new in 2016-2018. This coin-operated car wash features 4 self-serve bays and the soft water/spot-free system which just got upgraded by the current owner in 2020. Most of the customers are low to middle-class Hispanic individuals from the surrounding densely populated residential neighborhoods. This business has a solid customer base that has been accumulated in the last 14 years of current owner's operation. There were used to be more competitors in the immediate market area, but now at least 3 or more were closed down. This business provides better service and a cleaner environment at a competitive price point than the competitors as the facility is very well-maintained. Gross sales of this car wash have been steadily growing every year since the current owner's acquisition running at around $47K to 48K per year due to its quality service and a competitive price point without single marketing in place. Proactive marketing is absolutely required for this business to grow sales and maximize profit, such as direct mailing, flyers, social media outlets, etc. A future owner can install a credit card reader in bays and vacuum machines to maximize customer's convenience as well as a profit of the business. This well-established car wash is ready for a potential buyer to actively involve themselves 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 4 bays and 4 vacuum stations while other competitors have far below.


Potential Growth:

As several car wash businesses in the area have been closed, it has become an opportunity for this business to attract more customers around the area. Adding credit card capability in the bays and vacuum machines will allow this business to maximize its income potential while providing better service for customer's convenience.


Financing/Terms:

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


LocationSquare Footage: 1296
Facilities:

The business is occupied in a 1,296 SF space of a freestanding building that is situated on approximately 11,513 SF near a major intersection of a city.


OperationYear Established: 2007
Absentee Owner: No