Listed by Matthews
$4,500,000
The Wash Bar
Details
Property Type Special Purpose, Business for Sale
Sub Type Car Wash, Business and Building
Tenancy Single
Year Built 2023
Acreage 1.320
Investment Type Owner/User
Ground Lease No
Active Membership Platform | Express, Detailing, Self Service Bays
Marketing description
Please contact agent Ayman Sultan for financials or additional information.
623-887-9651
Investment highlights
- OWNER/USER OPPORTUNITY - Opportunity to acquire the business, building, and underlying real estate.
- STRONG YOY GROWTH - Since opening, The Wash Bar has demonstrated consistent year-over-year growth in wash volume, supported by an expanding membership base and increasing customer retention.
- STREAMLINED MAINTENANCE - Repairs and maintenance are managed through an active service contract with NCS, a nationally recognized equipment service provider.
- RECURRING REVENUE - Established membership program with more than 1,700 active members, generating consistent recurring monthly revenue and providing additional upside through targeted marketing and membership growth initiatives.
- VERSATILE OFFERINGS - Catering to diverse customer profiles, The Wash Bar is equipped with an 85 ft Peco's tunnel, 3 self-service bays (with a 14 ft bay for oversized vehicles), express detailing services, and 10 vacuums.
- PROXIMITY TO CAMPUS - Within a ±1.5 mile radius from the University of Northern Iowa, which boasts an enrollment of over 10,000 students as of Fall 2023.
- MODERN DEVELOPMENT - The property was built ground-up in 2023, featuring contemporary facilities and minimizing major repair expenses as a turnkey building.
- EXPANSIVE LAND - The property sits on ±1.32 acres, providing ample space for operational activities and future expansion possibilities.
- ADDITIONAL TAX BENEFITS - Car washes qualify for bonus depreciation which can create higher returns on investments. *Please consult with CPA for details*
- AFFLUENT DEMOGRAPHIC - Average household income within a 1-mile radius of the property is $113,000.
Listing Contacts
Listed by Matthews
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