Business For Sale Listing 153598
Carwash & Self Storage, w/Real Estate Included
Status as of Dec-1-2008 at 06:00 PM: Active
Business Summary
This business is located right on a busy highway between two heavily populated areas. It has a car wash, and a self storage business with 200 units. The car wash has an automatic ride through car wash with a detail center and 6 self-serve vacuum stations.
The self storage facility includes three buildings, two of which were built in the last two years, and are occupied at a little over half capacity.
Construction on the highway has caused a decrease in revenue for 2006 & 2007. 2008 has already seen an increase in revenue. Also, storage units are occupied at just over half capacity and growing.
Besides the current owners, there are one full-time and three part-time employees. With exception of the current executive management, it is not anticipated that there will be any employee turnover resulting from the sale.
The real estate is owned by the seller of the business. There are approximately 2.9 acres of land. There are 3 storage buildings; two buildings at 20’ by 300’ and one building at 30’ by 310’. The car wash is approximately 5000 square feet. There is an additional concrete building that is 8750 square feet divided into three sections, two of which are rented out. The seller is willing to sell the real estate at fair market value or lease it for terms and conditions to be negotiated prior to closing.
The equipment is in good to excellent condition. A detailed schedule of assets to be included in the sale is available upon request.
Due to the unique nature of this business and the variety of acquisition structures that the Seller is willing to entertain, it will be assumed that the Purchaser and/or advisor of the Purchaser will possess sufficient financial sophistication to determine value and submit an offer to purchase.
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