MergerPlace

Westside Self Service Car Wash

Cincinnati, Ohio (Hamilton)


  • Asking Price: $239,000
  • Gross Income: $67,000
  • Cash Flow: $35,000
  • Real Estate: Not Disclosed
  • Inventory: $1,500
  • FF&E: $21,000
  • Listing ID: #202473
  • Established: 1992
  • Employees: 0

Business Description

This retirement aged owner has enjoyed the fruits of having a huge and loyal customer base for over 25 years. The business operates exclusively as a self-service car wash with 4 bays, 8 vacuums, 2 wand blower/dryers, 1 clear-view vending machine, and 2 soft drink machines. There is room for growth as the nearest competitor is 3 miles away and charges considerably more than the seller does. This is a part time venture that requires only 10 – 15 hours per week depending on the season and business volume. The seller has taken a lot of pride from offering a low cost car wash that is always open and always works efficiently. Highlights include:

Open 24 / 7
Heated floors
Uses softened hot water
Updated new LED lighting
Price includes the real estate
Immaculate financial records
Virtually no advertising ever done
Equipment value exceeds $20,000
All inventory included in the asking price


Business Details

Primary Business Category: Services - Other Services
Location: Ohio
Metropolitan Area: Cincinnati
County: Hamilton

Company Information

Year Established: 1992
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 0

Financial Information

Asking Price: $239,000
Gross Revenue: $67,000
Cash Flow: $35,000
EBITDA: $35,000
FF&E: $21,000
Inventory: $1,500
Seller Financing Available: No

Property Information

Facilities:

The car wash is comprised of 4 bays, 8 vacuums, 2 wand blower / dryers, 1 clear – view vending machine, and 2 soft drink machines. The car wash uses softened hot water which keeps the spotting on the cars to a minimum and simply does a better job cleaning the cars.

Growth & expansion opportunities:

There is room for growth. The competition is 75% more expensive so a buyer could increase prices without probably losing any customers.

Competition:

The competition is located 3 miles away from their location.

Reason for selling:

The sellers are in their sixties and wish to retire completely.

Support & Training:

The sellers will stay on as long as necessary to ensure the comfort level of the buyer.

Contact Business Seller

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Business Listed By:

Dan Long

Cincinnati Business Brokers