RIDE N SHINE Car Wash & Oil Change
Retail
Marketing description
The property presents an ideal opportunity for owner/users to acquire both the buildings & their underlying real estate, facilitating direct operational control and potential cost efficiencies. Additionally, the car wash facility completed renovated roughly two years ago. Renovations included roughly $1.7MM in brand-new Motor City Wash Works equipment as well as roughly $500k in additional capital expenditures.
The current owner/operator has little background & expertise in the car wash industry. Due to that, much of the current monthly revenue is a product of the oil change. This presents a tremendous opportunity for an experienced and/or multi-site operator to come in & make significant increases in the wash counts, memberships and overall wash revenue. Additionally, the Oil Change business has been growing significantly throughout the current year & has the ability to be leased out, and there is additional potential revenue to be generated via the utilization of an indoor detailing/hand wash space that is currently sitting empty.
Investment highlights
- Property is positioned with great exposure to Southside Commercial Blvd/Tara Blvd, which sees roughly ±68,691 vehicles per day.
- Owner Financing Available.
- Seller is in process of adding an emissions business, tire rotation center, and potentially brakes.
- The property presents an ideal opportunity for owner/users to acquire both the buildings & their underlying real estate, facilitating direct operational control and potential cost efficiencies. Additionally, the car wash facility completed renovated roughly two years ago. Renovations included roughly $1.7MM in brand-new Motor City Wash Works equipment as well as roughly $500k in additional capital expenditures.
- The current owner/operator has little background & expertise in the car wash industry. Due to that, much of the current monthly revenue is a product of the oil change. This presents a tremendous opportunity for an experienced and/or multi-site operator to come in & make significant increases in the wash counts, memberships and overall wash revenue. Additionally, the Oil Change business has been growing significantly throughout the current year & has the ability to be leased out, and there is additional potential revenue to be generated via the utilization of an indoor detailing/hand wash space that is currently sitting empty.
- Notable nearby retailers within ~half of a mile include Starbucks, McDonald's, Zaxby's, Sonny's BBQ, Dunkin' Donuts, Applebee's, Burger King, and many more.
- The property is within an 11-minute drive to Hartsfield-Jackson Atlanta International Airport (+/-6 Mile Distance)
- Accelerated Depreciation - Car washes quality for 100% bonus depreciations and accelerated depreciation, potentially enhancing investment returns. *Please consult with CPA for details.*
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