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For Sale: Coin Car Wash With Real Estate - Absentee Run - Phelan, San Bernardino County, California

$1,850,000.00

Asking Price

  • Address: Phelan,

  • Status: Active

  • Posting ID: 266783

  • 5/6/22

Description

Exclusive listing for coin car wash including its property. Seller has not been working there for last 12 years because he has lived 80 miles away from the subject car wash. He just invested in it. 1031 Exchange is possible.

Monthly Gross : $19,000. / Monthly Net profit : $11,000. expected before debt service. Financing : SBA possible / 25 years amortization, loan fee will be waived by September 2021. 3 months monthly payments will be supported, up to $9,000. if closing the escrow by September.

- Land : 1 Acre with 4 bays and 1 bay for truck, 1 for Automatic.
- Seller has not been working for 12 years. He got there once a week.
- Monthly Average Gross : $19,111.
- Monthly Expenses : $6,858.

1. Insurance : $484.
2. Repair : $694.
3. Chemical : 343.
4. Utility : $1,656.
5. Payroll : $2,815.
6. Taxes : $864.
7. Gross Profit : $12,252.

The above financial numbers come from the seller's annual data.

8. Reserved amount for the buyer : $1,500.

- Located at Phelan.
- Huge benefits for SBA loan, if closes by September 2021.
- 1031 Exchange is possible.

To get more information about this Coin Car Wash With Real Estate - Absentee Run business for sale in Phelan, San Bernardino County please phone Kenneth JY Kim (Agent) at 213-446-2615 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #266783 on BizBen.com. In addition to phoning Kenneth JY Kim, make sure you email Kenneth JY Kim above to get more info about this Coin Car Wash With Real Estate - Absentee Run, to ask any questions or request an appointment to see this business for sale. Thank you. New Star Realty & Investments.

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Contact

  1. Name: Kenneth JY Kim
  2. phone iconPhone: 213-446-2615

Details

  1. Asking Price: $1,850,000.00

  2. Down: 25%

  3. Cash Flow: Call / Email

  4. Revenue:    $229,000.00

  1. Area: Phelan, San Bernardino County

  2. City: Phelan

  1. Attributes:

    Absentee RunSemi-Absentee RunFinancial AssistanceTraining & SupportReal Estate IncludedReal Estate AvailableSBA Loan Pre-Qualified

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