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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