CASH COW + +!! Rare opportunity--built and operated by experienced full & self-serve carwash & retail/commercial developer/broker! What a great potential 1031 with real cash flow! This is no ordinary car wash!! You don’t need employees (or the headaches, benefits and paperwork that go with them), yet it cranks out real $$ better than many full-serve labor and management-intensive properties. Uniquely located directly in front of Home Depot—talk about free advertising! A tax return- documented 12 year record proves tremendous income and future growth potential for this rare, high quality 6 wand + 2 automatic bay carwash facility with In-Bay Credit Card Readers, electronic vendors, an underground coin collection system that vacuums money right into a secure central vault INside the building, 16 camera security system, and many other great features that make management easy and also encourage customer spending!
Located in the heart of dynamic South OrangeCounty in affluent Mission Viejo!! Surrounded by other very densely populated communities with very active residents who use this facility to wash everything ….cars - trucks - motorhomes - boats - motorcycles- BBQ's - lawnmowers to you name it!!! As opposed to many areas accross the nation, South OrangeCounty generally has very restrictive zoning that has severely limited local competition while demand is soaring!! Located in dynamic Mission Viejo, CA, one of OrangeCounty’s premiere communities. NO competition for miles! It was like a miracle to get this one approved…and what a performer it turned out to be! Many other quality special features further boost income and customer satisfaction while attracting new customers daily!
The information contained in this presentation is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Seller (a Limited Liability Company [“LLC”] whose principal is a licensed real estate broker who built and manages the facility in his capacity as Manager of the LLC) and should not be made available to any other person or entity without the written consent of Seller.
This marketing presentation has been prepared to provide summary, proforma information to prospective purchasers and to establish only a preliminary level of interest in the subject propertyand related business and improvements thereon (collectively “Property”). The information contained herein is not a substitute for a thorough due diligence investigation. Buyer will be given ample opportunity to perform investigation with respect to the Property and its income and expenses, future projected financial performance,the size and square footage of the Property, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with local, State and Federal regulations, the physical condition of the improvements thereon, andall other aspect of this investment opportunity. All potential buyers must take appropriate measures to verify all the information set forth herein and elsewhere concerning the Property.
Contact Tom Rossi, Owner, at
EBITDA PROFORMA
INCOME: …………………………………………………………………….$489,410
CURRENT EXPENSES (Est.):
Association Dues 3,732
Credit Card Processing 4,950
Landscape Maintenance 1,800
Maintenance & Repair 1,950
Security Alarm Monitoring 192
Supplies (2004, 2005, 2006 actual average)4,005
Electricity ( “ “ “ “ “ ) 16,515
Water ( “ “ “ “ “ ) 7,323
-40,467
EBITDA* ……………………………………………………………………..$448,533
CAP RATE………………………………………………………………………8.3%
Land, Building, EquipmentGoing Business with Strong Upside Growth Potential……$5,385,000
INCOME AND EXPENSE DOCUMENTATION INCLUDING TAX RETURNS FOR THE LAST SEVEN YEARS WILL BE PROVIDED FOR INSPECTION UPON SELLER’S RECEIPT OF AN ACCEPTABLE OFFER AND SATISFACTION WITH BUYER’S ABILITY TO PERFORM ON THE CONTEMPLATED PURCHASE.
This presentation is EBITDA (Earnings Before Interest, Taxes, Depreciation & Amortization) and is intended to be a proforma only for use by a sophisticated prospective purchaser as an aid to analyzing the subject investment. It makes no allowance for other items such as real property tax, liability insurance, etc that are variables that may be influenced by a new owner. Accordingly, this report is for illustrative purposes only and must be verified by Buyer during the due diligence period.