Sale Includes: The entire Business, all Equipment, and all Fixtures.
Highlights:
- 2009 net profit (cash flow) is projected to be $418,200 (based on Jan-May 2009)
- 2008 net profit (cash flow) was over $360,000
- The net profit (cash flow) for the last 12 months was $382,001
- This business has a long history in this Chicago neighborhood
- 65% to 70% of gross sales are cash sales, the rest are credit card sales
- No machines to maintain
- They do 4,000 cars per month on average
- They specialize in hand washing, hand waxing, buffing and complete interior & exterior detailing
- Almost 13,000 cars drive by this car wash each day
- Gross annual sales are $750,000 – $800,000 on average
- 2009 sales are on track to be $837,000
- There are digital surveillance cameras which can be viewed online by a potential buyer
- 17-18 employees on average, monthly payroll is approx $20,000
- The average monthly net after all expenses including RE taxes & rent is approx $31,833.42
- Long term lease is available
- Lease will include right of 1st refusal on property
- The average monthly sales are $69,750.00
- The annual expenses are approximately $418,000 (including rent & R.E. Taxes)
- The monthly expenses are $34,900. This includes the Rent, R. E. Taxes, Utilities, Chemicals,
- Insurance, Credit Card Fees, and Payroll Expenses
Listing Details
Total Sales: $800,801
Cash Flow: $382,001
FFE: $25,000
Inventory: $3,500
Location
Facilities Information:
Base rent = $7,000/mo. Annual increases = 2%. RE taxes = +/-$9,000/year. C.A.M. = Tenant responsibility.
Summary
Financing/Terms:
Owner will consider financing up to 25% of purchase price to a qualified and experienced buyer.