|Financial Information (non-confidential)
||Owner’s Cash Flow
Financing: $1,300,000.00 Down and $1.4 mil. over 15 years at rate TBD.
Reason for Selling:Health Condition.
Two Car Wash Package Deal. The owner is selling due to a serious health condition. Two fully renovated state-of-the-art facilities. One location, established in 1962, is for service, express detailing and full detailing. They have an incredible reputation. The other location is express-only exterior washing with brand-new micrologic pay stations.
The labor is only 9% of sales with pay stations. In Orange County NY, you can no longer obtain a certificate of occupancy to wash cars, There is a moratorium. Only currently existing car washes are legally allowed to operate. Both tunnels are over 100 feet long, making incredible car washes. Both car washes have wells and use very little city water. Both car washes are heavily marketed through a loyalty program (using text messaging promotions). They are also a preferred car wash for several local car dealerships and handle CARCO pre-insurance vehicle inspection. Both places have excellent management in place, as well, and can be operated on an absentee basis.
Twenty-five year lease, netting 670K. The owner is an expert in the field and will offer on-going training and support. He has a great reputation and is nationally known in the industry. Own the local market. We are seeking a serious and financially qualified buyer with at least $1.3mil. in liquid funds to cover the down payment.
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