Car Wash - Asset Sale - Motivated Seller (#964-21008)

Car Wash - Asset Sale - Motivated Seller
Price: $2,000,000
Revenue: $770,964
Adjusted Cash Flow: $116,699
Location: Lee County, Florida

This offering is for a Lee County Car Wash located near the intersection of two major highways.  This location is nearby multiple large, affluent gated communities and sees a daily traffic volume of over 60,000 vehicles.  The business operates as a full-service car wash including a 100-foot tunnel, 120-foot conveyor, an adjacent equipment room, several detail bays, and retail/lobby area with restrooms and office.  The facility includes multiple stacking lanes with canopy coverings at the entry.  A second canopy is located at the exit and towel dry area.  The reception lanes include POS terminals and vacuums.

2020 and early 2021 numbers have been greatly impacted by the COVID-19 pandemic.  The primary reason has been the local communities have significant seasonal populations affected by travel bans.  The pandemic has also created a trend moving car owners away from full-service car washes to automated options.  Full-service car washes create a high human touch on the exterior and interior of vehicles.  The sellers have created a plan to further renovate the car wash to accommodate this trend for an investment of $180,000 to $220,000.

Opportunities to recapture and grow this business include 1) renovate the car wash to a more automated model, 2) increase email and social media marketing efforts, 3) increase the number of monthly customer wash renewals, and 4) increase detailing pricing.

The sellers are highly motivated. Business and real estate appraisal in hand valued at $3.6M. Sellers will consider offers at less than appraised value and some members of the present ownership group will consider participating in the new ownership group if interested.

Car Wash - Asset Sale - Motivated Seller
Eric Gall
(239) 738-6227