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Union County Car Wash/Property

New Jersey

Asking Price: Gross: Cash Flow:
$575,000 $405,000 $260,750

Furniture and Fixtures Value:
$400,000 (included in the asking price)

Inventory Value:
$1,000 ( not included in the asking price)

Real Estate:
$950,000 ( not included in the asking price)

Business Summary:
Well located car wash in commercial area of Union County. Being sold as business only or with property. Plenty of land – has car washing lanes for 24 cars plus street. Although last year was a down year did over 50,000 cars at full exterior price. Also does several thousands cards from near by (adjacent new car dealers) at discounted prices. Has large income from 11 car vacuums located on property ($24,000) – owner who is also landlord profits of over $250,000 – owner who is also landlord would give buyer a long lease that can be negotiated, some where about $5,000 a monthly lease. Property/building can be purchased also. Selling price of property $950,000 land/building $6,000 annual easement rental income comes with purchase of property. For further information please contact Vito Mastromonaco on 908-851-9040 Ext. 285.

 
   
   
Year Business was Established: 1975
   
Number of Employees: 5  
   
Facilities / Terms of Lease: 62 foot tunnel, plenty of parking all in good condition. Buyer of business can get great lease  
   
Potential Growth/Expansion: Advertising and promotion none of which are being performed now  
   
Competition: This car was is a survivor adjacent to 3 major imported car-service and sales departments  
   
Owner willing to finance: Owner would give great financing with an offer of $400,000 down on business  
   
Owner willing to train: Two weeks  
   
Reason for selling: Owner has several other business ventures  
 

 

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