Full Service Provider Of Commercial Car Wash Systems For Sale

Business description

The March Group, LLC currently represents a value-added distributor of commercial car wash systems. Positioned as a “one-stop shop,” the Company guides prospective car wash owners through the process of finding financing, purchasing property, hiring an architect and a general contractor, and will design and install the most up-to-date and reliable car wash equipment on the market. The Company posted 2007 EBITDA of $775,000 on revenues of $4.8 million, with 2008 projections expected to increase to $917,000 EBITDA on revenues of $5.1 million, representing a profit margin of 18%. Averaging between six and ten projects annually, the Company has successfully completed 135 projects over its operating history. Boasting nearly two and a half decades of experience, the Company has established strong, long-standing customer relationships resulting in significant referral business. Client base consists almost exclusively of private investors seeking to set up operations in and around the Rocky Mountain Region. Product offerings include commercial car wash systems, ancillary products and services, parts, service, and chemical sales. Revenue is mainly generated by sales of entire systems (50%), with the remainder equally divided between parts, service, and chemicals. Represents several manufacturers as well as manufacturing some of it’s own products. The Company is differentiated from competition by its exceptional reputation and extensive experience in providing personalized customer care.

Property information

Real Estate:

Lease

Location:

Operates from a leased 10,000 sq. ft. facility. The current lease expires in 2010 and is transferable to new ownership.

Other information

Expansion potential:

Given appropriate investments by better-capitalized ownership, there are compelling opportunities to increase the Company’s business well beyond current levels, including increased marketing efforts, additional staff and geographic expansion.

Support & training:

The active principals are interested in remaining with new management to facilitate a smooth ownership transition.