Hand Car Wash / Detail Shop for Sale in Chicago, Illinois

Sale Includes: The entire Business, all Equipment, and all Fixtures.

Highlights:
  • 2009 net profit (cash flow) is projected to be $418,200 (based on Jan-May 2009)
  • 2008 net profit (cash flow) was over $360,000
  • The net profit (cash flow) for the last 12 months was $382,001
  • This business has a long history in this Chicago neighborhood
  • 65% to 70% of gross sales are cash sales, the rest are credit card sales
  • No machines to maintain
  • They do 4,000 cars per month on average
  • They specialize in hand washing, hand waxing, buffing and complete interior & exterior detailing
  • Almost 13,000 cars drive by this car wash each day
  • Gross annual sales are $750,000 - $800,000 on average
  • 2009 sales are on track to be $837,000
  • There are digital surveillance cameras which can be viewed online by a potential buyer
  • 17-18 employees on average, monthly payroll is approx $20,000
  • The average monthly net after all expenses including RE taxes & rent is approx $31,833.42
  • Long term lease is available
  • Lease will include right of 1st refusal on property
  • The average monthly sales are $69,750.00
  • The annual expenses are approximately $418,000 (including rent & R.E. Taxes)
  • The monthly expenses are $34,900. This includes the Rent, R. E. Taxes, Utilities, Chemicals,
  • Insurance, Credit Card Fees, and Payroll Expenses

Asking Price: $794,000 plus inventory
Gross annual sales (approximately): $800,801 (last 12 months)
Cash flow (approximately): $382,001 (last 12 months)
Value of furniture, fixtures & equipment (approximately): $25,000
Value of inventory (approximately): $3,500 (Not Included in Asking Price)
Lease details (approximately): Base rent = $7,000/mo. Annual increases = 2%. RE taxes = +/-$9,000/year. C.A.M. = Tenant responsibility.
Seller Financing: Owner will consider financing up to 25% of purchase price to a qualified and experienced buyer.

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