Profitable 6 Bay Car Wash Includes Real Estate

Business Opportunity for Sale
Catylist Listing ID: 30665497
Property Subtypes: Auto Related
Building Size (RSF): 2,619 SF
Sale Price: $578,000
Name of Establishment: Magic Car Wash LLC
Business Website Address: 6434 Lee Hwy, Chattanooga, TN 37421
Year Business Established: 2010
Gross Revenue: $136,000 (Annual)
Cash Flow: $96,000 (Annual)
Cash Flow Type: EBITDA
Sale Terms: Cash to Seller. Seller will considered financing with 20% down to qualified applicants.
Last Updated: 11/12/2020

Overview / Comments

Great corner lot with easy access. This 6 bay car wash with 1 auto and 5 self-service bays, 7 Self Vacuums, offers a great investment opportunity for an owner-operator or to add to an existing portfolio. Located just off Hwy 153 in a growing area, it is likely the location of choice for many locals and passers-through. Great CAP rate.

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Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Industry Segment: Carwash
Reason for Selling: Seller is needs more time to focus on second car wash in Cleveland, TN.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $50,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $425,000
Employee/Labor Description: Seller works a few hours a day. No employees.
Mgmt/Training Support Description: Seller is willing to assist in complete transfer up to 4 weeks.
Growth/Expansion Opportunities: New fast food franchise is being built across the street adding to a growing area.
Seller Financing Description: 20% down

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,178 49,870 136,279
Median Age: 39.05 39.76 39.44
Households: 3,360 21,841 56,827


Photograph of Listing Agent

David Melton

KW Commercial Greater Chattanooga REALTORS® Member
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