High-Traffic Automatic Car Wash - Southeast Michigan (289)

December 02, 2024
by an intermediary in Grand Rapids, MI, USA
Founded in 2005, the car washes offer self-service bays and touchless automatic car washes, providing customers with convenient and flexible options. The sale includes the car wash business and associated real estate located on a prime, high-traffic road in a high-visibility location.
Recent upgrades, including new equipment and an automated POS system, have streamlined operations and enhanced customer experience. With ownership contributing just 5-10 hours of work per week, the Business operates efficiently, ensuring an easy transition for new ownership to step in, maintain operations, and continue driving success with minimal effort.
The current owner is ready to step back to pursue other interests, including travel and spending more time with family. They seek a clean break and will offer very limited involvement during the short transition period. With its nearly autonomous operations, the Business allows new ownership to take over seamlessly and shape its future.
December 31, 2023 Revenue: $251,234
December 31, 2023 Cash Flow: $80,473 (SDE)
Estimated Equipment Value: ~$200,000
Real Estate Building’s Size: 5,070 Square Feet
November 2024 Appraised Real Estate Value: $2,020,000