Two are supported by the Small Business Administration (SBA) Loan Program, which include SBA 7(a) and SBA 504 loans; both of these loans are always inclusive of real estate. The third option is the traditional conventional loan. Its compact: easily access equipment and pack up at the end of your day. If possible, work with an expert to help you evaluate the opportunity. The biggest advantage of an LBO is that you increase your returns by minimizing your personal funds outlay. - Great Cash Flow, Express Wash Tunnel. This program should also include inventory capabilities, payroll, accounts payable, receivables, etc. How long owner work per week: Just manage 5. The route spans across the prime and wealthy Southbay cities of Redondo, Hermosa, Manhattan Beach, Torrance, and Palos Verdes. In your agreement you could include an option to buy the machine after a period of time. You have to take into consideration all the fees, including supplies, advertisement, inventory, advertising, employee wages, etc. with an approx. Additional revenue is generated by window tinting services and a Hair Salon for customers while they wait. 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. } else { Exactly how we can assist with financing tends to be on a case-by-case basis based on individual goals, but in most cases, we can be of help when it comes to financing your car wash business purchase. jQuery(input_id).focus(); New operators can thrive with smart financing. Implementing and maintaining great financial records for any business is critical for numerous reasons. The executive office is for $1000 per month which has full shower with bathroom, sofas, chairs two desks and more. Our company is focused on standalone car washes and it doesn't fit our portfolio, but believe there is even greater upside from an operator focused on it. var jqueryLoaded=jQuery; index = parts[0]; }
head.appendChild(script); Real estate is owned by the seller. Here is what you should prepare: Buying a car wash business entails not only sweat but also trial and error. The seller provides financing for 5% to 20% of the acquisition. } This business is a one-of-a-kind waterless car wash set-up that Ive perfected over the years. In-bay Automatic and Self-Serve Equipment. There is a bigger issue though. Current P&L includes downtime of rebuild, and running under old failed equipment.var err_style = ''; var head= document.getElementsByTagName('head')[0]; All Rights Reserved. A good one can prevent you from making a bad investment. Thank you! While this option is simple, its not easy. A single automatic car wash typically costs between $10 and $25. Step 1: Write your business plan No matter the industry, opportunity, or location you have in mind for a new company, you have to start with a robust business plan before getting your operation. this.value = ''; Additionally, does it fit within your budget? Also warranted are appraisals for real estate and/or the validity of the business, verifying the demographics/rooftops are there to support the washs business, as an example. } else { if (i.toString() == parts[0]){ From single-location car washes to multi-location national chains, weve helped both individuals and investment funds buy car wash businesses. jQuery('#mce-'+resp.result+'-response').show(); What other business can you think of that; Has been running smoothly for over 50 years Requires a few hours a week attention You can maintain another full time job Unaffected by competition in the area Is growing during "these times" Runs without employees onsite Lots of tax shelter advantages Simple book keeping Is covid proof Low stress job Huge income $$ It is hard to find an income stream like this. This article will look at some of the need-to-know information your business must be mindful of in the area of carwash industry lending. You may want to apply for a car wash financing source in case you lack the monetary requirement to buy such business. input_id = '#mce-'+fnames[index]; Since 2014, carwash financing has greatly improved. An advantage of this strategy is that the seller may provide financing at more reasonable terms than lenders. if (fields.length == 2){ This is a Flex Serve Car Wash, it has two drive through bays set up for express detailing and full detailing, Central Vac with four drops inside of bays, each bay has two air drops, for air detailing tools. } Business has TRIPLED in less than a year. Check if the money you will use to invest in a car wash business is enough. Owner has gone from repairing equipment as a business model to advertising and growth!!!! Why not find a great buyer and simply cash out? Whats important is that you know how to handle the business. *Disclosed real estate value is an estimate and will need to be determined by an appraisal for exact value. If you owe $22,000 on the $20,000 car mentioned earlier, your total payout of $19,000 would go to your lenderbut you will still owe an additional $3,000. index = -1; The Project consists of two (2) offerings, (i) a Gas Station, Car Wash and Convenience Store development at the SE Corner of Highland Avenue & Medical Center Drive; and/or (ii) a Restaurant Drive-Thru pad building on Highland Avenue adjacent to the Gas Station. The obvious challenge is that few, if any, sellers will agree to this. By managing negotiations, material requests and analysis, offer-making, financing, and closing, Car Wash Advisory makes the car wash purchasing process stress free. i++; With a lot size of nearly an acre and local traffic over 25,000 AADT, this location makes for convenient accessibility. How to Get a Loan to Buy an Existing Business (Detailed), Buying a Gas Station? Town has begun construction up the road to increase to another lane due to amount of traffic on the road. } else { Few buyers have the needed funds to pay for the whole acquisition. On the higher end, the customer should be getting the best wash with waxing, ceramic coating, tire shine, and a free vacuum. This waterless car wash has extreme growth potential. Qualified buyers should expect to put as little as ~15% down as cash for purchase when combined with appropriate and available financing structure. A self service car wash. An automatic car wash. A mobile car wash. jQuery('#mce-error-response').hide(); Looking to Sell? Can You Wash Car Seat Covers? f = jQuery(input_id).parent().parent().get(0); To learn more, please call, text or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com. They drive Toyotas, Fords, and Hondas like the rest of us. You need someone that can get it done at a level of service and professionalism that matches. } The rest is financed by a loan like the previous option. Consistent numbers, talk to this seller today by calling Nathan Goldstein 877-735-5224. The wash features Futura equipment that will include an extensive amount of extra parts for repairs. 1. The business was operated by mostly by absent ownership which gives much room for success. ramp of the 15 freeway with exposure to over 187,451 cars per day, and next door to Ontario Mills with millions of visitors per year. jQuery('#mce-'+resp.result+'-response').html(msg); Electric Vehicles; Large Sedans; Large Trucks; Luxury Sport Coupes; Midsize 3-Row SUVs; Plug-In Hybrids; Small Hatchbacks; Small SUVs . Car Wash Advisory is the industry expert when it comes to helping potential business owners purchase conveyorized tunnel car washes. 134: Meet Car Wash Advisory, Wash Talk ep. All site visits must be scheduled with Don Denne. this.value = fields[0].value+'/'+fields[1].value+'/'+fields[2].value; Tesla Car Wash Mode. Will not last long! Business hours have room to be expanded to increase revenue. This car wash is contact-less and considered an essential business as an automotive service. Don't miss the opportunity to own a thriving car wash business, detail center and the real estate that goes with the business. How Much Cash Down Is Required To Buy A Car Wash? Sign up on Reddit, a social website where you can share your interests and expand your community networks through this. 131: Carwash Doors Keep the Cold Out, Wash Talk ep. Learn more about Marco Terry, var fnames = new Array();var ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text'; Is it really a necessity in the area? jQuery('#mce_tmp_error_msg').remove(); script.type = 'text/javascript'; Lenders consider environmental problems to be serious. FINANCING Financing is available in the ways of conventional bank financing and SBA financing. 720-465-5305. Additional Revenue: The car wash o?ers interior/exterior auto detailing services with a free customer pick up and drop o?. The only other major expense is payroll. Qualified buyers should expect to put as little as ~15% down as cash for purchase when combined with appropriate and available financing structure. A)Executive Office (Lease)$1000 B)Downstairs Advertising $1500 C)Window Tinting $500 D)Detail Bays $3000 Detail overrides 10% $1000+ E)Glass Replacement and Repair $1000 F)Gift Shop and more Competition: A)Only Full Service Wash within approximately 20 miles Growth and Expansion: A)Need to Open Sundays and Holidays with extended hours B)Add additional self serve vacuums, we have 2 additional in stock C)We added 2 Express Wash Lanes to compete with any express wash anywhere at any time D)Only competition is express wash competition is Quick Quack and we can compete with them on all levels E)Adding memberships daily Average Full Service Wash Ticket is $37 per car Average Express Wash Ticket is $12.50 per car $8500 lease triple net Detailed Information: Location: Placer County, Ca Inventory/Equipment: Included in asking price Real Estate: Owned, Seller would consider financing. Connect with us today - 480.581.1000 or CommercialPlus.com, HIGHLIGHTS - Real Estate Included - Newly Remodeled Express Car Wash - Dense Residential Population in Surrounding Area - Large Signage Visible from Cactus Road and 35th Avenue - Located on Signalized Hard-Corner - Cross Access to Cactus Road and 35th Avenue; Both 4-Lane Roads with No Center Medians LOCATION DETAILS - Ingress/Egress Available from Both Cactus Road and 35th Avenue - Proximity to I-17 - 74 FT +/- Frontage on 35th Avenue - 76 FT +/- Frontage on Cactus Road - Anchored By Shell Gas Station - Building Size: 3,330 +/- SF - Lot Size: 31,886 +/- SF - APN: 149-29-001-T BUILDING DETAILS - 105 Foot Tunnel with New NCS and Sonny's Equipment - 18 New VacuTech Self-Serve Vacuums - 2 Sonny's Pay Stations DEMOGRAPHICS - Population of Nearly 460,000 Within a 5-Mile Radius - Average Household Income Nearly $72,000 Within a 5-Mile Radius - Cactus Road Sees Over 32,000 Vehicles Per Day - 35th Avenue Sees Nearly 26,000 Vehicles Per Day Dylan Price Commercial Plus, LLC Mobile | 623.249.8637 Email | Dylan@CommercialPlus.com We help gas stations and car wash owners nationwide get maximum value for their business! Of the three loans, and considering the state of the current financial environment, the SBA 7(a) remains the most favored by buyers and lenders in this industry. Lately, they have lowered the prices to be best in the area (thank you gas buddy for letting me know) plus they have 20 cent off gas when you buy a car wash. try{ The car wash accepts cash, coins, and cards. Owner willing to sign new lease Staff and management in place with supporting infrastructure and long tenure at wash. All site visits must be discreet. Car washes can be affected by environmental issues, especially if they are near a gas station. You use a lot of money for investment a house and lot, a condominium unit, a car, or even a business. Real estate is not part of the listing price but the seller is willing to discuss leasing or purchasing options. This also allows you to buy the biggest possible business that your funds allow. Nobody is turning that car wash into a salon or a burger joint. } if ( fields[0].value.length != 3 || fields[1].value.length!=3 || fields[2].value.length!=4 ){ Looking to Sell? 480.581.1000 | CommercialPlus.com. } Ready to Sell Your Car Wash? SBA 7(a) loans provide the most adaptable underwriting and permit loan proceeds to be utilized for a broad range of applications, including working capital, equipment, goodwill allowances, partnership buyouts, real estate, etc. script.src = 'https://downloads.mailchimp.com/js/jquery.form-n-validate.js'; The three most common options to finance a car wash acquisition are as follows: a) Your own money The simplest way to buy the car wash is to buy it with your own money. Remember, SBA loans require an individual to submit yearly income statements and tax returns to complement the loan agreement. The car wash has 3 self service bays and 4 high volume coin op vacuums open 24 hours. This disruptive, waterless car-cleaning franchise is changing the game with proprietary, on-demand, eco-friendly services. These are W-2 employees. jQuery(f).append(html); The chip repair and auto glass can easily be leased for $1,000 Per month. The numbers vary. jQuery('#mce-'+resp.result+'-response').show(); The founder of a growing M&A firm discusses his brand. var jqueryLoaded=false; Currently there are no advertisements. The rest of the price is financed through a lender.
var input_id = '#mc_embed_signup'; Highlights - Hard Corner Busy Intersection W. Glendale Ave. and N. 67th Ave. Good Demographics Population Over 185,000 in a 3-Mile Radius Absentee Owner Value-Add Opportunity Shared Cross Access With QuikTrip at Signalized Intersection Summary: Commercial Plus, LLC is proud to present the opportunity to acquire Jays Express Car Wash an express car wash in Glendale, AZ. Hours of OperationMon - Fri: 9am - 5pm ETSat - Sun: closed. No land, lease only. msg = resp.msg; The owner has recently updated the facility with new paint, equipment, and camera system. fields[i] = this; These businesses specialize in poor credit and high-risk buyers. } You can easily expand your route to encompass more cities and clients. The acquisition of an existing company allows you to look at performance and other metrics during due diligence. Owner is relocating to a different area. f = jQuery(input_id).parent().parent().get(0); Transactions may require an environmental assessment to determine environmental risk. Conveyors and Tunnels return; A simple, yet highly effective, format is finding an accounting software program that will allow an individual to create monthly profit and loss (P&L) statements and a balance sheet. err_style = mc_custom_error_style; fields[i] = this; Its waterless: no messes, no permits.
}); Next door to 24/7 Supermarket and within a few blocks from Starbucks, McDonalds, CVS. Agent | Closed Until 08:30 Dont fuss with all the equipment of a conventional mobile car wash. jQuery(':text', this).each( Not interested in a Broker, but will pay finder fee. No third Parties or marketing firms please. These types of car washes load the vehicle onto a conveyor, which then guides the car through a series of detergent applications, and other car wash equipment including a rinse and dryer system. Our team of finance, M & A, and car wash experts has helped many potential business owners purchase a car wash through our extensive inventory. Additionally, the Asbury location shares cross access with a commercial storefront that includes several name brand department stores and grocers. In recent years, for instance, lenders have focused on the deluxe exterior/express wash model simply based on the vast changes in customer demands and strong profitability margins. Both sites are located in Dubuque, IA. jQuery("#mc-embedded-subscribe-form").unbind('submit');//remove the validator so we can get into beforeSubmit on the ajaxform, which then calls the validator console.log("Host www.carwash.com is engine "); Professional Carwashing & Detailing is the premiere carwash trade magazine, providing car care professionals, primarily carwash owners and operators, with the information they need to manage and grow a thriving business. $830,000 asking price. style.type= 'text/css'; Easy to store and carry. 8) Buy the Right Car Insurance. Long standing Car wash that is located on 1.25 acres and on a very busy road. NOTE: Items listed below will be required before disclosure of Revenue and Business Reports. There is room to expand services by adding ceramic coatings, bumper repair, chip, dent & scratch removal, tinting (and tint removal) and paint touch-up. They are less than two miles apart and are expertly maintained with high volume. All our customers have a yard that we are able to perform our duties on a regular wash schedule in an environmentally friendly way. } Self service and automatic washes work together at this Oklahoma-based carwash. } These could be questions you need to assess. Need more advice and insight into financing a new carwash? So it has huge potential. Excellent opportunity for entrepreneur business owner. Other studies show similar results. } else { Each site consists of a 110' car wash tunnel with AVW equipment, 3 pay lanes with Washify pay stations, and a Eurovac central vac system with 20 vacuum stalls. Serious Buyers only with proof of funds can inquire. Unlike other business brokers which will buy and sell any kind of business, Car Wash Advisory only works with car wash businesses. jqueryLoaded=true; 1. Business hours: 8am~5pm(7 days open) 2. There is also an advantage of tying the seller to the business for a few years. this.value = ''; of Employee: F 7, P 2($20,000) 4. script.type = 'text/javascript'; They monitor trends in every industry in which they lend. options = { url: 'https://factor-this.us3.list-manage2.com/subscribe/post-json?u=9517d9b7bb023f70a68f99626&id=ed9f6d537c&c=? All Rights Reserved. Enjoy this easy lifestyle or work more hours for more income. I go there and buy . This business is poised for the right owner to take it to new heights. You can afford to purchase a car wash business through several methods. The factors involved in buying a car wash include location, acquisition cost and staff size. function mce_success_cb(resp){ 132: Exec. The cheaper wash is usually a basic wash and comes with free vacuums. Then wash by hand. var bday = false; Will it be worth the money? In our companys opinion, firms with experience in the carwash industry and the lending profession offer a unique combination of expertise which carries a great amount of respect with banks. Parcel 1: Gas Station, Car Wash + Convenience Store Land Size: 1.289 +/- Acres Building Size: 4,358 +/- Square Feet Fuel Canopy with 8 Pumps Beer & Wine License Approved Price: $2,800,000 Parcel 2: Drive-Thru Restaurant + Retail Spaces Land Size: 0.794 +/- Acres Building Size: 4,200 +/- Square Feet Price: $1,400,000. var msg; Yeah. If it is not enough, then do not hurry. It is in a fantastic location, surrounded by dealerships. This is the costliest way to get into the business--usually priced over $1 million, and the one producing the highest revenues and profits. This business is mobile and ready to roll. Some of these changes have and will continue to affect different wash types. For 13 years, Ive built a loyal clientele spanning the Southbay beach cities for my mobile car wash and detailing business. You can also use social media for advertising your business. 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. The shop is located in central "Mid-town" Fort Collins, in a convenient location that's close to a large customer base and all of the local dealerships. How to Buy a Car with Bad Credit. Youll own a compact, highly effective mobile car wash from the back of your car, truck, van, wagon, or trunk. This was a failing car wash 2 years ago that has been redone, and is now a revenue producing business. Lots of opportunity for growth. New On Market. Financing: Seller financing available Reason for selling: Owners are retiring Business website: https:\\www.myauburncarcare.com Contact: Don Denne (530) 613-1813. BUSINESS AND PROPERTY FOR SALE. Only tunnel in the area with Ceramic application! Car insurance - costs an average of $1,655 per year for full coverage. Prices for car washes vary based on extras, location, and other considerations. In the past year the business grossed approx. Good to meet you, Walt. Im selling my eco-friendly mobile car wash thats completely ready to go. This business model is set to scale! 2. The owner put all new equipment in 2019 . 3 / 9. this.value = 'filled'; mce_preload_checks++; setTimeout('mce_preload_check();', 250);
One aggressive strategy is to ask the seller for 100% financing. Little to No advertising. Self-financing will likely expose a buyer to various financial risks; and, prior to making this type of decision, I strongly encourage everyone to seek professional financial and tax guidance from a qualified expert in the field. The mobile car wash business comes with a Facebook and Instagram account, Google business, and a Yelp account, with reviews and an email account. You can easily park near the clients house without having to haul a bunch of equipment to each car. Why would a seller be willing to finance a large portion of their sale? Most car washes are small businesses. He could manage more of the day-to-day operations to allow for more absentee ownership. Principal/Investors Only! 5 bay shop with a huge waiting area with many more great features. this.reset(); Year over year increases are 3X! It has some serious challenges though. The employee adjustments for site 1 will vary depending on you (the buyers) personal preferences. EXPRESS CAR WASH + REAL ESTATE - Newly Remodeled - Sonnys New Branded Equipment Located in hart of historical Pomona Valley, 30 miles east of Los Angeles Pomona is famous for Fairplex, annual Los Angeles County Fair, Cal Poly Pomona University and many other historical sites High traffic, High visibility, major Street. This strategy is known as a leveraged buyout (LBO). Currently, there are more than 135 locations successfully operating across 18 states, with a growth plan to reach 200 strategically placed locations by end of 2017.