Hand Car Wash for Sale in Chicago, Illinois

Located in Chicago, Illinois (Cook County)
Sale includes: the Business, all Equipment & all Fixtures.
Purchase Price / Business only = $189,000 plus inventory

The current owners purchased the building in 2015. When they purchased the building, the car wash was closed and had been for a while. It was a car wash for many years before they bought the building. It needed to be remodeled and they wanted to re-brand it and model it after their other hand car washes. After extensively remodeling the car wash and purchasing new equipment, they opened for business on August 3rd, 2015.

The car wash is located on the N/NW side of Chicago. The price includes all equipment & fixtures and basically covers the cost of the build out & equipment.
Some of the improvements include;

A central vacuum system, large front and back overhead doors, a 9 camera HD surveillance system that can be viewed online and on smart phones & tablets, a very spacious waiting area with vending machines, a seating area where customers can watch their car and a loading area where the cars are staged after they are cleaned with plenty of room to exit from the right or left. This is one of the only hand car washes in Chicago that can handle large trucks, passenger vans, limousines, party buses and other large vehicles that can’t fit inside most car washes. Even limousines have trouble going to other car washes because they are too long to make the turn out of the back of the car washes. This is not an issue here because there’s plenty of room to exit the back, even with a stretch limousine. This is a big area of opportunity for a new owner.

Another area of opportunity is that they aren’t doing much advertising at all. They have been focusing on offering lower prices with higher quality to establish a loyal customer base. This has gone very well so far and you can see from the numbers that sales are increasing and expenses are decreasing. You simply won’t find a comparable car wash at a better price. You also couldn’t build a better car wash for this price.

Note: The owners are willing to provide a small amount of seller financing to a qualified buyer.

Asking Price/Business only: $189,000 plus inventory
Gross annual sales (approximately): $335,685.50
Cash flow (approximately): $66,936.80
Value of furniture, fixtures & equipment (approximately): $75,000.00
Value of Inventory (approximately): $5,000.00
Lease details (approximately): The space is approximately 5,000 sq ft. The Base Rent & R.E. Taxes are $5,000.00/month. The security deposit is 1 month rent. Increases are 3% annually. Tenant is responsible for building maintenance. The lease is personally guaranteed. Owner will provide a long lease, if you want.
Seller Financing: Owner might consider a small amount of financing with qualified & experienced buyer/operators.
Contact: Tony, This email address is being protected from spambots. You need JavaScript enabled to view it., Advantage Business Acquisitions, Inc. 847-722-1877

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