This opportunity is three express car washes for sale in Southeast Michigan. The Company’s car washes target a variety of customers as the washes are at different price points and offer a distinguished set of services. Two of the three locations have received recent equipment upgrades and have comprehensive point-of-sale systems that offer payment methods at unattended kiosks.
The Company’s first location opened in 1999 and then two more locations opened in 2003 and 2005. The owner works approximately 20 hours per week, is involved strictly with the office and financial portion of the Business, and is rarely physically present at the car washes, preferring to work from a home office. As a result, a buyer can transition into the Company smoothly. The owner is willing to assist in the transition of the Business but does not want to stay on as an employee.
The Company’s staff has relatively low turnover, with three managers having over nine years of tenure. In addition, there have been a few hires by the Company for car wash attendants within the past couple of months.
The Company has three separate car wash locations with 4,185 square feet, 4,620 square feet, and 6,230 square feet, respectively. The real estate is owned within the operating entity for two locations, and for one location, the real estate is owned through a separate related entity. A portion of one location is leased to an oil change, bringing in additional income for the owner. All real estate must be sold with the car washes.
Seller’s Discretionary Earnings: $280,898
Net Operating Income: $456,098
Income from Oil Change Rent: $143,000
Number of Employees: 17 (excluding owner and owner’s family)
Year Established: 1999
Support/Training: Ownership is willing to provide reasonable and customary assistance during the transition period.
Reasons for Selling: The owner wishes to spend more time on outside ventures and is seeking to sell the Company to pursue these opportunities. They are open to details of their transition and are willing to serve as a part-time consultant for a reasonable and customary transition period.
(1) Limited Competition
(2) Desirable Locations
(3) Recent Capital Improvements
(1) Add Detailing Service
(2) Advertise and Rebrand
(3) Maximize Point-Of-Sale Utilization
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Upon doing so you will receive a link via email to review and sign our confidentiality agreement. Once signed we will be able to further the conversation and send you the confidential Offering Documents. Please contact [email protected] with any questions. Interested parties must demonstrate proof of financial capability, sign a Non-Disclosure Agreement, and answer a few questions related to their background and interests. Enquire today about these Express Car Washes for sale!