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Business for Sale Summary

Full/Self Serve Car Wash for sale-Suffolk County - 31980

Business Type: cleaning services,misc. retail/non-classifiable,misc. servicel/non-classifiable,seller financing available,car wash
Owner Financing
Full/Self Serve Car Wash for sale-Suffolk County
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Financial Information (non-confidential)

General Information
Asking Price $899,000 Down Payment $350,000
Gross Revenues $0 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$350,000 Down and $449K over 9 yrs. @6%.

Business Description

Full and Self Serve Car Wash w/29 Yr. Lease. Massive renovation. Deemed an essential business. Opportunity sale. This business was just renovated to offer twice the amount of self serve stations to address Covid 19 safety and reduce payroll by 50%. This includes the addition of a fully DEC compliant water-reclaim system, state-of-the-art POS system, controller, Motor City SS tire gloss machine, new brushes, and other upgrades to the tunnel. They still offer a full service tunnel as well as monthly memberships. They had over 41 new memberships sold in the first week since the upgrades. It is the only full serve location in the area. It is in a prime location on the south shore of Suffolk County in a very high-growth neighborhood. The business has a phenomenal lease with 29 years left. The rent is $10Kmth. There is a very large lot as well. It is over 1/2 acre with plenty of room to expand detailing. The current owner is here part time. The sales and profits are down this year due to Covid. As such, this is an opportunity to buy a newly renovated car wash for a low downpayment for a buyer that sees the upside. This is an opportunity sale for a buyer that recognizes the opportunity. The business is not priced based on the most recent revenue and profit. The business operates 7 days from 8am-6pm. We are seeking a serious and financially qualified buyer with only $350K in liquid funds to cover the down payment. The seller will also entertain selling a 20% equity stake in the business. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only. Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.