Spectacular Essex County Full Service Car Wash & Lube For Sale

Business description

This is truly a Spectacular car wash & lube business. A rare find that can only be appreciated by a discerning car wash buyer. Established in the 1950's, purchased by the current owner in 1997 and completely renovated with top of the line everything. In addition to full service car wash & lube they also offer: detailing and shampooing, tire rotation, fuel injection service, transmission flush, radiator flush, emission service, differential service, brakes service & replacement, and light mechanical services. They currently outsource window tinting to a tenant at the facility. This service should be taken over by the new owner. They recently installed an espresso bar with a full-time server offering coffee, espresso, soup, hot dogs, chili and slushies. The real estate is also available presently or as an option to buy at a later time.

Property information

Real Estate:

Lease

Location:

Located in the heart of the City's downtown retail district.

Premises details:

135' tunnel. Entire facility completely renovated. Property size 20,685 SF (.475 acres); car wash bldg 5,240 SF; lube bldg 3,550 SF. Well water, city water, reclaim system, 2 state-of-the-art computer systems. 2nd floor: offices, bathroom, storage.

Size in square feet:

20,685 SF

Business Operation

Expansion potential:

Owner lives in Florida and is absent from the business. A new owner/operator can eliminate 2 of the 3 managers saving in excess of $160K annually. Also, a hands on owner would produce significant increased revenues and profits. Building another lube bay since the lube operation is at capacity, turning away customers at peak times. Many more specific expansion plans contained in an information package available upon request.

Reasons for selling:

Retirement.

Employees:

10-25

Years established:

60 years

Other information

Support & training:

Owner will train.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller financing available to qualified buyers.

Furniture / Fixtures value:

$600,000 (included in the asking price)

Inventory / Stock value:

$58,000