Renovated, Multi Bay Automated Car Wash

Description

Established automated car wash with strong asset quality, streamlined operations, and a long standing presence in the local market. The business provides stable cash flow with multiple opportunities for future growth and operational improvements.The car wash was established in the early 1990s and has served the local market for more than 30 years.The current ownership group acquired the business and real estate in March 2013. The purchase was completed as a cash transaction by three equal owners for a total of $375,000, including a $25,000 broker fee.Following the acquisition, the business was upgraded and modernized through system improvements, pricing adjustments, and operational enhancements, resulting in significant revenue growth.Ownership has consistently reinvested cash flow back into the business, funding major capital improvements without additional equity contributions.The operation is highly automated and owner managed with no employees, creating a lean cost structure and minimal labor requirements.The property features multiple wash bays and on site maintenance infrastructure, supporting a durable, cash generating operation backed by real estate.Significant improvements have been made to the real estate, including upgrades to the roof, asphalt, and heating systems, reducing near term capital expenditures for a new owner.Adjacent land may provide a future expansion opportunity, subject to acquisition and zoning approvals, allowing potential development of a tunnel wash or higher volume operating format.