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ACQUISITION OPPORTUNITY #S-2084
5 BAY SELF SERVICE CAR WASH – MAINEVILLE OHIO
For sale is a self service car wash located near Maineville. The
car wash consists of five self service car bays and a mechanical
room (with heated bay floors). A total of 2886 sq. ft. (26ft x
111ft) comprise the structure, on a lot size of approximately
.58 acres.
The car wash was purchased in October of 2007 by the current
owner for $510,000 (appraised $580,000).
Located on a busy highway with a traffic count of over 9,000
cars a day.
The owner has a full-time job and does almost no maintenance
himself. With the economy sinking soon after his purchase and
little time to promote this business and attract customers, the
owner recognizes that this has been a poor investment.
With no direct competitor (self service) within several miles,
this business should be producing more revenues than it does.
Regardless, the owner is willing to take a substantial loss to
accomplish the sale as quickly as possible.
Accordingly, although the owner has $510,000 invested, the
business and property are for sale at $425,000 free and clear of
debt.
A risk/opportunity assessment six month lease with an option to
buy, is available at $2,500 per month.
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4
Months |
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7
weeks |
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2010 |
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2009 |
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2008 |
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2007 |
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Revenue |
16,152 |
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37,170
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42,467
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6,441 |
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(EBITDA) Earnings Before Interest, |
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18,914
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24,693
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4,819 |
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Taxes,
Depreciation (adjusted) |
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FOR FURTHER INFORMATION CONTACT:
KEATE PARTNERS
7783A Five
Mile Road
Huntington
Bank Building
Cincinnati,
OH 45230
(513)
241-3700 Fax (513) 852-8325
www.keatepartners.com
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