Financing: $350,000.00 Down and $449K over 9 yrs. @6%.
Reason for Selling:Other business investments.
Full and Self Serve Car Wash w/29 Yr. Lease. Massive renovation. Deemed an essential business. Opportunity sale. This business was just renovated to offer twice the amount of self serve stations to address Covid 19 safety and reduce payroll by 50%. This includes the addition of a fully DEC compliant water-reclaim system, state-of-the-art POS system, controller, Motor City SS tire gloss machine, new brushes, and other upgrades to the tunnel. They still offer a full service tunnel as well as monthly memberships. They had over 41 new memberships sold in the first week since the upgrades. It is the only full serve location in the area. It is in a prime location on the south shore of Suffolk County in a very high-growth neighborhood. The business has a phenomenal lease with 29 years left. The rent is $10Kmth. There is a very large lot as well. It is over 1/2 acre with plenty of room to expand detailing. The current owner is here part time. The sales and profits are down this year due to Covid. As such, this is an opportunity to buy a newly renovated car wash for a low downpayment for a buyer that sees the upside. This is an opportunity sale for a buyer that recognizes the opportunity. The business is not priced based on the most recent revenue and profit. The business operates 7 days from 8am-6pm. We are seeking a serious and financially qualified buyer with only $350K in liquid funds to cover the down payment. The seller will also entertain selling a 20% equity stake in the business. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only.
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. |
