Business For Sale Listing 149683
Las Vegas Carwash Plaza/2 Acres Real Estate
Status as of Nov-20-2008 at 06:42 PM: Active
Business Summary
1000 ft of Frontage on Major Las Vegas Blvd!!
Deep in the heart of commercial and residential area.
60,000 drive by cars a day (and Growing)
Largest Casino in the world ($45 Billion) just announced
1 mile down the street.
50 Acre Condo construction planned for across the street.
No Full service car wash competition for 2 miles
All in all over 13 sources of income streams and 5 sources of rental income. With potential room and facility for even more.
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Branded Gasoline -mo 2 mo contract)
Ful Service Automated Carwash .
150 ft Tunnel doing approx 150 cars / dy weekday and 250 weekend
Giant C-Store (with room for a fast food franchise)
12 Bay Self Serve Coin Operated carwash
being converted to retail rental units.
Will bring in another 12,000$/Mo
4 bay auto tint, detail, repair facility
and Mini Market (with coffee bar)
and a restaurant facility
plus:
and ample storage space for equipment,
supplies, inventory, car parts and accessories.
Mini Mart, Slot machines, gasoline, carwash tunnel,
coin op carwash, c-store, window repair,
detail, tint, tv monitor advertising, restaurant,
coffee bar, parking space rental and more
Recently bank appraised real estate/improvements @ $10,500,000 (cost approach)
Value of all business opportunities Listed at $4,000,000.
Which is 4 X NET !!!!!!!
Grosses approx: $2,750,000/yr
NET income $1,000,000 EBITDA/Debt Service
2 Acres of Real Estate
5 Seperate Buildings.
Price $11,300,000
Assumable Bank note 6.1 M @ 6.7%
Seller will finance up to $1.5M
Seller would consider 1031 Exchange for
L.A. Based like kind property.
Excellent Books and Records.
DRB Computer system in place.
Employee costs run avg 29%
Ample security (video) system in place
Buyer will need to qualify with Seller, State of Nevada,
City of Las Vegas, Branded Gas Franchisor
Categories
Industry
Location
Financials
| Sales: |
Between $2.5 Million And $5 Million |
| Profits: |
Between $500 Thousand and $1 Million (1,000,000) |
| Profit Type: |
Earnings Before Interest, Taxes & Depreciation (EBITDA) |
| Fiscal Year: |
2008 |
| Asking Price: |
Between $10 Million and $15 Million (11,300,000) |
