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For Sale: Coin Car Wash With Real Estate - Los Angeles County

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Current Status: Active     Posting #: 228388     Last Refreshed: 6/14/18    
Contact: Kenneth Kim At 213-446-2615  -  Also Email This Contact Below
Price:  $2,240,000     Down:  $30%     Adjusted Net:  $191,800     Revenue:  $268,000    
Attributes:  Training & Support, Real Estate Included     Cooperation With Brokers?  No

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  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.

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