Car wash that was netting $600k
Hudson County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $1,500,000 |
$1,726,000 |
$377,100 |
Furniture and Fixtures Value:
$500,000 (included in the asking price)
Inventory Value:
$20,000 (included in the asking price)
Business Summary:
These are projected figures for the ensuing year former owner bought it back from operators who mishandled entire venture at one time when former owner was operator showed cash flow of 650 K selling price at that time was 2.5 million. This location is the best around in Hudson County and possibly the most aesthetic to view five bays 3 repair /2 Lube +82 foot tunnel. New owner replaced all equipment with brand-new equipment at a cost of 220 K this car wash presently receives business from Staten Island Hudson and Essex County the possibilities are very favorable that within this year's projection will be met and new ownership can easily be figured at the end of second year 650k net cash flow is possible.
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| Year
Business was Established: 1960 |
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| Number of Employees:
25 |
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| Facilities / Terms of Lease:
Best location for car wash in Hudson County, one of the top appealing car washes in metropolitan area. all new equipment 24 years lease with 16% up charge. |
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| Potential
Growth/Expansion:
Under new ownership all facets will keeps on increasing with maximum potential. Car wash/ detail/ repair and lube, owner has the knack of bringing new businesses and developing place to best potential. |
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| Competition:
this is it now that old owner/ operator is back surrounding car washes are closing up. |
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| Owner
willing to finance:
Owner would accept financing of $750,000 with negotiable terms |
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| Owner
willing to train:
Two weeks |
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| Reason for selling:
Owner wants to move south to Ocean County |
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| REQUEST MORE INFO |
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