Car Wash,Gas & Lube In Suffolk County, NY - 28955

Financing

$1,500,000 Down and $825k over 7 yrs @5%

Business Description

This uniquely located hand wash, alongside a major highway, has a branded gas station, a spacious convenience store, an oil change/lube, and a car wash facility under one roof on Long Island. The car wash receives 45,000 cars a year through a 120 ft tunnel. Gross sales on oil/lube is $ 264,000. It pumps 100,000 gallons a month, and the C store grosses over $ 480,000 . The C store is equipped with lotto,beer, cigarettes, ATM, coffee & breakfast, etc. It has 22 years left on lease,with an option to buy the property Business is managed 100% absentee for estate of prior owner.Full time owner operator's 2016 net cash flow after paying all the expenses is $440,000 with projected net of $515k for 2016-2017. Significant major capital improvements and repairs made by managers-these are\non recurring expenses.Growth opportunities by added more wholesale accounts, business advertising and more high margin detailing. Value of real estate purchase option cannot be monetized but is very valuable for the real estate investor- car wash operator. Owner net cash flow numbers are a for a full time owner operator. Proof of funds is a must. Contact broker Joseph Stansky for more details 1-877-735-5224.

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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.