Financing: $500,000.00 Down and $495k over 7 Years at TBD. Property avail. for another $1.5 mil.
Reason for Selling:Personal - Health
Fantastic High-End Car & Truck Wash w/Property. State of the Art! In fact, it was totally renovated at an expense of $2 mil. eight years ago. The location is excellent. It is part of a huge shopping center just a few miles North of the LIE. It is an amazing spot with a confirmed 30,000 cars passing daily on a major road.
The property is nearly 3/4 of an acre with a 20 car line up area and a 15 car final finishing apron with compressed air and electric available at each station.
It has a PHENOMENAL LEASE W/ 27 YEARS REMAINING AND ONLY 2% ANNUAL RENT INCREASES. In fact, you have the option to buy the property for $1.5 million, if exercised within the next two years. The property cannot be be marketed during that time. Even after this 2 yr. period you would have the first right of refusal on the property for the remaining 24 years on the lease.
The seller has spent a great deal of time building up the truck washing side of the business with over 100 corporate/fleet accounts. That makes up less than 1/3 of the revenue.
This part of the business has tremendous upside. They can handle heavy duty trucks and trailers with a conveyor belt, rain bar, etc.
THERE IS NO COMPETITION IN THE AREA AND THE UPSIDE IS NOT ONLY TREMENDOUS, BUT UNLIMITED! In the past year the business had a cash flow of approx. $291,504.42. The business is available for sale with or without the property.
We are seeking a serious and financially qualified buyer with at least $500K in liquid funds. Full financials will be provided upon buyer showing Proof of Funds for at least $500K. MOTIVATED SELLER!
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.