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Financing: $1,500,000.00 Down and $825k over 7 yrs @5% Reason for Selling:run absentee-other business 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.
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. |
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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. |
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1(877) 735-5224 | 24 Woodbine Ave, Suite #204 Northport, NY 11768 | vestedbb.com |