Description About This Posting: Coin Car Wash With Real Estate
Coin Car Wash including property located at Los Angeles County.
1 ) Annual Income : $268,000. (Monthly Average : $22,350)
2 ) Annual Expense : $76,200. (Monthly Average : $6,300)
1. Utility : $17,400.
2. Chemical : $7,200.
3. Payroll : $20,400. (Current owner has another job)
4. Insurance : $9,600.
5. Property Tax : $15,600. (Need to consider it after purchase)
6. Miscellaneous : 6,000.
3 ) Net Profit before debt service : $191,800.
4 ) Return on Investment : 8.6 % annually at $2,230,000.
5 ) SBA Loan possible with 30 % down payment.
6 ) Loan Payment : Little less than $110,448. annually.
7 ) Cash Flow : $81,352. annually
8 ) Return on Cash : 12.1 % after loan payment.
Monthly sales volumes have been increasing steadily and will be on the rise due to minimum wage increase. Constructing coin car wash seems very difficult, in contrast with the rapid car increasing on the street. It may give buyer some potentials in the future.
Cost approach to build up Coin Car Wash.
1 ) Land : Approximately $1,000,000. for the proper land over 18,000. Sqf. to build up coin car wash.
2 ) Constructional Cost to build up: Totally $900,000. estimated that can be allocated for equipment, $300,000., build up cost for bays, $300,000. & constructional cost for landscaping, other requirements asked by City, $300,000.
3 ) Period for completion can take 2 years approximately to construct coin car wash, and demanded conditional use permit from City, if land is C2 zone.
So the evaluation of this coin car wash, $2,240,000. can be vindicated with constructional cost analysis.
To get more information about this Coin Car Wash With Real Estate business for sale in
Los Angeles County please phone Kenneth Kim (Agent) at 213-446-2615 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #228388 on BizBen.com. In addition to phoning
Kenneth Kim, make sure you email Kenneth Kim above to get more info about this
Coin Car Wash With Real Estate, to ask any questions or request an appointment to see this
business for sale, franchise, or opportunity. Thank you.
Related Links And Information Regarding This Posting
For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.
California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.
Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063.
New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese. Call Helen Yoo direct at 626-890-1151.
Mark has a broad range of small business purchase & sale experience from analyzing potential acquisition targets to successfully guiding buyers and sellers through the purchase & sale of small businesses. Mark can assist with contracts, negotiations, legal matters, etc. Reach Mark at 949-478-8393.
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