MergerPlace

4-Bay Self Serve Car Wash

Dallas, Texas (Dallas)


  • Asking Price: $199,000
  • Gross Income: $52,628
  • Cash Flow: $27,464
  • Real Estate: $163,500
  • Inventory: $500
  • FF&E: $35,000
  • Listing ID: #222720
  • Established: 2007
  • Employees:

Business Description

Office ID: #001019

4-bay self-service car wash in Northeast Dallas, including real estate, is now available for acquisition. This business was originally established by the previous owner in 1970 and was acquired in 2007 by the current owner of the business. The facility was remodeled by the previous owner in 1997, and the sewer line, LED lights, and vending machines were replaced with new in 2016-2018. This coin-operated car wash features 4 self-serve bays and the soft water/spot-free system which just got upgraded by the current owner in 2020. Most of the customers are low to middle-class Hispanic individuals from the surrounding densely populated residential neighborhoods. This business has a solid customer base that has been accumulated in the last 14 years of current owner's operation. There were used to be more competitors in the immediate market area, but now at least 3 or more were closed down. This business provides better service and a cleaner environment at a competitive price point than the competitors as the facility is very well-maintained. Gross sales of this car wash have been steadily growing every year since the current owner's acquisition running at around $47K to 48K per year due to its quality service and a competitive price point without single marketing in place. Proactive marketing is absolutely required for this business to grow sales and maximize profit, such as direct mailing, flyers, social media outlets, etc. A future owner can install a credit card reader in bays and vacuum machines to maximize customer's convenience as well as a profit of the business. This well-established car wash is ready for a potential buyer to actively involve themselves in the business operation while marketing to grow the business to maximum income capacity.


Business Details

Primary Business Category: Services - Other Services
Location: Texas
Metropolitan Area: Dallas
County: Dallas

Company Information

Year Established: 2007
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $199,000
Gross Revenue: $52,628
Cash Flow: $27,464
FF&E: $35,000
Inventory: $500
Real Estate: $163,500
Seller Financing Available: No

Property Information

Facilities:

The business is occupied in a 1,296 SF space of a freestanding building that is situated on approximately 11,513 SF near a major intersection of a city.

Growth & expansion opportunities:

As several car wash businesses in the area have been closed, it has become an opportunity for this business to attract more customers around the area. Adding credit card capability in the bays and vacuum machines will allow this business to maximize its income potential while providing better service for customer's convenience.

Competition:

Few competitors are within the immediate market area, but this self-service car wash has a very well-maintained facility featuring 4 bays and 4 vacuum stations while other competitors have far below.

Reason for selling:

Exiting the industry

Support & Training:

The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.

Contact Business Seller

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Business Listed By:

V-AID Group

www.v-aidgroup.com