Profile: Car Wash With Property And Retail Rental Building.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Krishna Gajjala, Broker
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| Primary Phone: |
510-414-6443 |
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| Alternate Phone: |
510-818-9728 |
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| DRE Number: |
01507698 |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
3/2/10 |
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| Date Last Revised: |
3/2/10 |
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| BizBen Ad #: |
136867 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$1,100,000 |
| Down Payment: |
$330,000 |
| Annual Revenue: |
Call |
| Annual Adjusted Net: |
Call |
| Price Range: |
$1 Million to $2 Million |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
Yes |
| Bkr To Bkr Coop: |
No |
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Description:
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Car Wash Buisiness Sale In The City Of Orangevale
Want To Become Owner For A Profitable Business With Real Estate, Here Is An Opportunity.
Rush…. Rush…… Rush……. For Great Opportunity!
Well Established Absent Owner Operated Car Wash Business For Sale With Real Property And Small Retail Units In The Great Location Of City Of Orangevale. Long Stand Well Established Business With Great Customer Relation Well Maintained Neat And Clean Business. Located At Major Intersection On Major Street, Great Visibility And Ample Of Parking, With A Nice Neighborhood. This Could Be A Rare Opportunity To Get An Established Business With Real Property And Income Generating Retail Building. And There Is Potential To Develop To Increase Positive Cash Flow And Value. This Is Also Ideal Opportunity For The New Persons Entering In The Business Or For The Investor Who Want To Run By Employees.
This Sale Includes The Car Wash Business With Real Property Along With Small Retail Shopping Space.
Asking Price Is 1,100,000 (For Business+ Land + Retail Space Building)
Call Krishna For Further Details At 510-414-6443.
Lot Size 23,250 Sf, Building Area 2000 Sft. 2 Retail Units And One Studio
Use Code - Store/Office (Mixed Use) Zoning - Gc: General Commercial Percent Improvement - 48.24%
Operating Hours: 9am To 7pm From Monday To Sunday.
Financial Statements
Income From The Car Wash And Vacuums 4,800.00
Rent Coming From The Retail Space 3,864.00
(Rent Increase 6% On Base Year)
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Current Income 8,864.00
Proposed Rent From Studio 750.00
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Gross Income 9,414.00
Expenses
Property Tax 850.00 (Approx)
Insurance 185.00
Pg&e 100.00
Water 120.00
Garbage 140.00
Repairs, License &permits 250.00
Wax, Soap And Supplies 250.00
Car Wash Chemicals/ Material 150.00
Miscellaneous 50.00
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Total Expenses 2,095.00
Current Net Operating Income: 6,769.00. Estimated Operating Income 7,519.00
Debit Schedule:
Purchase Price 1,100,000.00
Down Payment 30% 330,000.00
Loan Amount 770,000.00
Interest Rate 6.5%
Amortization Period 25 Years
Monthly Payments 5,199.09
Cash Flow (Current) 1,569.91 Estimated 2,319.91
Current Cap Rate 7.4% (Approx) Estimated Cap Rate 8.2% (Approx)
Type Of Car Washes 3 Manual And 1 Automatic Drive Through. Basic Price For Manual Is 2.00 And Automatic Deluxe Is 3.00.There Are Different Levels Are Available, And Customer Have Option To Choose What Ever They Like By Adding He Money. Currently This Is Cheapest Car Wash In That Area. Any Increase From Quarter Or Above There Will Be An Increase The Cash Flow. There Is An Enough Room Expansion To Increase The Profits And Value.
I Can Not Provide Further Details Over The Phone. Please Send Email From The Bizben For The Nda. Upon We Receive The Nda I Will Release The Address. Upon Satisfaction Of The Location And Potential We Will Arrange A Meeting With Owner For Further Discussion.
Note: Drive By Only. Please Do Not Talk To Employees. This Information Has Been Obtained From Sources Believed Reliable. We Have Not Verified It And Make No Guarantee, Warranty Or Representation About It. We Strongly Advise To Verify This Information Upon Acceptance Of The Offer.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Krishna Gajjala, Broker at 510-414-6443 or 510-818-9728 Non Disclosure Agreement |
See All Our Other Businesses For Sale We Have Available
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