| For Sale: |
|
CAR WASH WITH
REAL ESTATE |
|
| ID #: |
|
BR70319 |
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| Location: |
|
Chesterfield, VA (Suburb of Richmond)
See interactive mapping > |
|
| Established: |
|
2004 |
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| Business Features: |
|
Like new Car Wash with two fully automatic
bays, three self service bays and auxiliary
stations for vacuuming and shampooing. The
automatic teller accepts Visa, MC, AMX and
Cash. Requires minimal labor and oversight,
just about the closest you can get to a
passive investment. It takes five years for
this type business to become profitable and
achieve a cash flow of 35-50% of revenues.
This one is only in its 3rd year and the
owners are willing to sell for their
development costs and real estate value, an
amount considerably less than it would cost
to duplicate today. The business is
located in a rapidly growing upscale
commercial and residential area.
Active local road and development construction
held down the initial growth, but completion
of the development and associated
construction restraints ended in the third
quarter of 2007 and revenues are already on
the upswing. This location represents
the area's newest commercial development
that is poised for an exciting future. A new
owner will have the advantage of having
avoided the start-up issues but having a
"like new" facility at yesterday's costs. |
|
| Property Features: |
|
3700 square feet of building on .6 Acres
conveys with this business. The site
was custom designed and built as a car wash.
The entire area, other than the building, is
black topped. The entire grounds is
meticulously maintained. Zoning is G5,
General Business. |
|
| Financial: |
|
2006 Revenues: $152,000
2006 Cash Flow: $67,000
Real Estate Value: $840,000
Other
Development Costs: $460,000 |
|
| Price: |
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$1.3M for Businesses and Real Property. |
|
| Terms: |
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Let us help you locate financing. |
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Additional
Information: |
|
Please complete and submit both a
Non-Disclosure
Agreement and a
Confidential Financial Statement so that
we can provide you with additional and
confidential details about this opportunity. |
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