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Full-Service Car Wash with Real Estate
(Automotive, Car Washes)
Irving - Texas
| Seller Financing: |
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| Lender Pre-Qualified: |
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| Listing ID: |
73043 |
| Office ID: |
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| Status: |
Active |
Listing Details
| Listed Price: |
$2,700,000 |
| Down Payment: |
$700,000 |
| Fiscal Year: |
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| Total Sales: |
$865,000 |
| SDE: |
$280,000 |
| EBIT: |
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| EBITDA: |
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| FFE: |
$300,000 |
Included? Yes |
| Real Estate: |
$2,300,000 |
Included? |
| Inventory: |
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Included? No |
| A/R: |
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Included? |
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| Sales Breakdown |
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| Reason for Sale: |
Having a full-time job, cannot concentrate on this business. |
| Training: |
Seller is more than willing to provide sufficient training to new owner. |
| Financing Terms: |
Assumable loan of $2,000,000 or SBA loan thu third party lender |
Operations
| Year Established: |
2006 |
| Last Acquired: |
2006 |
| Form of Ownership: |
Partnership |
| Home Based: |
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| Relocatable: |
No |
| Type of Location: |
Stand-alone |
| Absentee Owner: |
Yes |
| Online: |
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| Employees: |
Full Time: 2 / Part Time: 23 |
| Managers: |
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| Hours: |
M-Fri: 9am-6pm / Sat: 8am-6pm / Sun: 9am-5pm |
| Owner Hours: |
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| Non-Owner Payroll: |
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| Franchise Info: |
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Location
| Lease Expire: |
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| Option: |
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| Lease Terms: |
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| Lease Security: |
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| Included with Rent: |
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| Building Size: |
4400 |
| Land Size: |
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| Seating Capacity: |
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| Facilities: |
Located in prime location of Irving, TX. Surrounded by many national retailers, grocery stores, and national restaurant chains. Top of line equipment are all maintained immaculately. |
| Secondary Location: |
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| Business Name: |
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| Address: |
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Summary
| Business Description: |
Full-service car wash situated on over 1 acre of land located in Irving is now available for acquisition. Sales include business, top of line equipment, and real estate. Sales have been very strong and consistent for the past years, but there is still a lot of room for growth by tapping other revenues sources. Since current owner cannot devote a lot of time and efforts into the operation due to his full-time commitment to other job, the labor is excessively high compared to industry average. The cash flow presented reflects the adjustment of the labor, but it is still higher than industry average. $2,000,000 loan that can be assumed to qualified buyer is available or the owner could obtain a new SBA loan thu third party lenders and pay 100% cash at closing. This is a great long-term investment opportunity to acquire an established full-service car wash that generates strong sales. |
| Historical Summary: |
Built in 2006 |
| Owner Qualifications: |
Currently owner's involvement is very minimal. |
| Customer Base: |
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| Competition: |
1 direct competition in this area. |
| Potential Growth: |
Sales can be increased by tapping other sources of income such as windshield replacement, merchandise sales, and window tinting, etc. |
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