MergerPlace

Full Service Tunnel Carwash

California (Monterey)


  • Asking Price: $4,000,000
  • Gross Income: $1,607,291
  • Cash Flow: $102,451
  • Real Estate: $31
  • Inventory: $37,000
  • FF&E: $400,000
  • Listing ID: #221830
  • Established: 2000
  • Employees: 21 FT 2 PT Owners

Business Description

Well established tunnel carwash with gift shop and fuel, located near a high traffic intersection. This family-owned business was founded in 2000 at the same time as the adjacent quick lube and gas station with convenience store by the same owners. Real estate for the carwash and carwash business are for sale as a package.
The 6,840 square foot building has a 125-foot long tunnel carwash which has been well maintained since it was constructed in 2000. Parcel is 37,544 square feet with 125 foot street frontage. Owners recently upgraded equipment by the addition of a unit that cleans tires and wheels so well that hand labor is mostly eliminated. They replaced the chain and roller mechanism in November, 2019.
Fuel is a small part of revenues. Presently a major brand but can be changed. There is a two-chamber 20,000 gallon tank with 12,000 gallons for regular and 8,000 for supreme. There are two fuel dispensers with four nozzles and another two capped off dispenser installations for future expansion. Three grades of fuel are sold: regular, supreme and blended. Diesel is not sold.
Gift shop sells snacks, cards, gifts, clothing, picture frames and various merchandise. It has very nice improvements and provides a pleasant place for customers to wait while their vehicles are being washed.

Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or the Contact Seller button or email Greg Carpenter at greg@mabusinessadvisors.com to receive a confidentiality agreement and learn more about this opportunity.


Business Details

Primary Business Category: Retail Trade - Gasoline and Service Stations
Location: California
County: Monterey

Company Information

Year Established: 2000
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 21 FT 2 PT Owners

Financial Information

Asking Price: $4,000,000
Gross Revenue: $1,607,291
Cash Flow: $102,451
FF&E: $400,000
Inventory: $37,000
Real Estate: $31
Seller Financing Available: No

Property Information

Facilities:

Near busy intersection of two major streets, near major freeway 6,840 square foot freestanding building on 37,544 square foot lot, 100% improved, 125-foot tunnel, 1,400 square foot gift shop, covered fuel area.

Growth & expansion opportunities:

Add auto detailing, improve retail offerings, add food, build self-serve vacuum station after exit from tunnel to increase throughput of exterior only carwashes.

Competition:

Two other full-service tunnel carwashes in this city.

Reason for selling:

Retiring

Support & Training:

Seller will provide training at no cost to qualified buyer.

Contact Business Seller

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Business Listed By:

Greg Carpenter

Certified Business Broker