3 Car Washes For Sale
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| 3 Specialty Properties Offered at $999,000 in Multiple Locations INVESTMENT HIGHLIGHTS - The portfolio has experienced steady cash flow and recently underwent $40,000 in capital expenditures. - All sites are located on a main street of town in safe, low crime neighborhoods with traffic counts in excess of 21,000 vehicles per day. - Each car wash is adjacent to a Casey’s General Store, offering a cooperative marketing agreement to generate additional sales. - The assets allow buyers to be readily positioned to receive approval for SBA loans. EXECUTIVE SUMMARY Brian Wofford of Storage Masters is proud to present a portfolio of three well-performing self-serve and automatic car washes at 1902 Georgetown Road in Danville, 101 E. Vermillion Street in Catlin, and 1110 N. Main Street in Georgetown. All sites are within three and a half miles of one another, adding to the convenience of management, staffing, and maintaining supplies at each location. The Danville site features two automatic bays, three self-service bays, an auto dryer, and solar panels, which power solar thermal units to provide hot water for floor heat, rail heat, and hot water products. The Catlin location is fitted with an auto bay, two self-serve bays, a tri-foam polish option and solar electric and solar thermal units, and VFD on auto pump for energy efficiency. Lastly, the Georgetown station includes an automatic bay that was remodeled in 2017 and three self-serve bays, among other options. The current owner has recently invested over $40,000 in capital expenditures between the three properties, meaning buyers will take ownership of cash-flowing assets with little need to invest heavily in additional costs to maintain or improve the properties for a number of years. Each car wash is also adjacent to a Casey’s General Store, offering a cooperative marketing agreement to generate additional sales, and the portfolio will readily qualify for an SBA loan. Investors looking to capitalize on recently updated, cash-flowing assets can look no further than this portfolio of well-maintained car washes available for a price of $999,000. |
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Members profile: |
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| Advertised by: | Brian Wofford (click here to see full profile) |
| Email: | Email Advertiser |
Ad Details |
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| Garage Spaces (put 0 if this does not apply) | 1.00 |
| Auto Use Allowed | Yes |
| Property is | For Sale |
| Price: | $999,000 USD |
| Property Types | Vehicle Related, Retail |
Unique Sale Issues |
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| Type of Sale | Real Estate Agency Sale |
Location |
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| Address | 1110 N MAIN ST |
| City | GEORGETOWN |
| State | IL |
| Postal Code | 61846 |
| Country | USA |
Call Me! |
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| Phone | (217) 393-8359 |
| Ad id: | 68484288 |
| Ad views: | 644 |