2 Car Washes for $11M? (Acquisitions Anonymous)

Hi folks, Will here from the Acquisitions Anonymous team. Today's episode looked at a two-location car wash business in Virginia that's up for sale at nearly $11 million. Combined revenue is around $1.6 million, with a reported cash flow of approximately $940K. The asking price is hefty - so is this actually real estate play? Takeaways - The cash flow margin is impressive, sitting at about 59%. That's a big number, but what's driving it? - The real estate component is likely a major part of the valuation. If you're interested, you need to consider how much of the price is justified by the land. - Running a car wash isn't just about washing cars. There are operational challenges like managing labor and maintaining equipment. - Potentially, SBA financing could be an option if the real estate value is high enough, offering a longer-term financing route. - With such a significant investment, understanding the sustainability of revenue models like subscriptions is crucial. Plus, Mills has some wild car wash stories in this episode (involving inmates and tigers). You can listen to the whole episode here: https://www.youtube.com/watch?v=lTQQqFsguV4 And check out the business listing direct: https://www.empirebusiness.com/business-opportunity/10056/2-car-wash-locations-in-virginia###-###-#### /