Full Service Car Wash. 10.2% Cap. Full Staff including GM. Georgia

Undisclosed Address, Georgia
Business Opportunity for Sale
Sale Pending
Also listed as Special Purpose
Catylist Listing ID: 30677031
Property Subtypes: Auto Related
Status: Pending
Building Size (RSF): 6,894 SF
Sale Price: $7,185,000
Year Business Established: 2007
Gross Revenue: $2,076,000 (Annual)
Cash Flow: $730,000 (Annual)
Cash Flow Type: EBITDA
Sale Terms: Cash to the seller.
Last Updated: 3/9/2021

Overview / Comments

10.2% Cap Rate with $2,000,000 Gross Revenue. Great location and well established. Growing upscale area. Staff is in place for absentee ownership. Very experienced.

Carwash is located in a high traffic retail area.

2014-2019 Average Gross Revenue: $2,076,103
2014 - 2019 Average EBITDA: $730,000
FF&E: $465,000
3 mile radius population: 56K
Daily Traffic Count: 17K
Tunnel: 90'
Average Annual Wash Count: 74,269
Average Per Car: $27.50
Daily Car Count: 203

Additional Details

Industry Segment: Carwash
Reason for Selling: Owners seek to retire.
Value of Inventory Included ($): $10,000
Value of Furniture, Fixtures, and Equipment ($): $465,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $3,450,000
Real Estate Lease Description: Excellent quality one-story car wash property in good condition, containing approximately 6,894 SF of net rentable area, constructed in early 2000's. The improvements include 1, 90' automatic car was tunnel, a 1,757/SF auto detailing bay, and 2,847/SF of office and reception area.
Employee/Labor Description: 6 full-time with the rest of the staff hired as contract labor.
Mgmt/Training Support Description: Owners will assist and oversee the transfer. The business currently has GM, Car Wash Manager, Asst. Manager and Office Manager in place.
Competition/Market Description: Very few car washes in the area and none that offer full service.
Growth/Expansion Opportunities: Great area with lots of growth. The business is very well established and current owners have some ideas to increase revenue.

Contact

Photograph of Listing Agent

David Melton

KW Commercial Greater Chattanooga REALTORS® Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Greater Chattanooga REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.