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Price Reduced Closed Carwash Real Estate And Business For Sale

Riverside County, California - South, US
Freehold Price:
$799,000
Lease Asking Price:
$50,000
Sales Revenue:
$250K - $500K
Cash Flow:
$50K - $100K

PRICE REDUCED: This car wash is located in a heavily populated city neighboring Palm Springs, and is hustling and bustling with over 25,000 cars passing by daily. The business is in a prime spot, just down the road from the airport and those rental car companies with thousands of cars in desert lots! This area is never short of patrons with dirty cars. This 1,355sf carwash sits on a 7,841 sf lot​, a hard corner with an easy wrap-around adjacent side street to accommodate high volume.

The property is virtually new construction and very well equipped: it features a 43 foot long tunnel wash and a virtually new 2+ yr old top-of-the line PECO motorized conveyor wash system. The elderly original property owners built the carwash, and promptly hired a manager that took advantage of them and drove this excellent location straight into the ground. The current property owner not only has zero experience operating a car wash, but couldn't even if he wanted: he has a full time job, heavy on international travel!

Buyers looking to enter (or expand) into the industry can buy this business in two ways. (1) Buy the real property, with the building and all the ready-to-go equipment for $849,000, or (2) Step into this ready-to-go space for $50,000 (plus a new lease), and bring your brand, services, and team to this turnkey location! Either way, this car wash is an great opportunity for a Buyer to save huge money and time on buildout, permitting, and city/state agency approvals; instead spend your working capital on advertising, promotions and marketing!

Car washes for sale (with the real estate!!) are like unicorns: they're extremely rare, especially the good locations. This opportunity will go quickly, so if you're interested, call the Agent today!

Property Information

Real Estate:

Available as lease or with real property included

Lease Terms:

NEW LEASE REQUIRED-SELLER/LANDLORD NEGOTIABLE

Leasehold Rent:

$89,500 per annum

Premises Details:

Excellent location: across from Walmart Super Center​, close to the airport and rental car companies.
Located on hard corner - 7,841 sf lot​.
High traffic corner, with a whopping 27,325 cars per day! (CoStar)
1,355 sf tunnel car wash (includes storage area)​.
Tunnel wash 43 feet long with motorized conveyor wash system​.
New construction - virtually brand new building and equipment!
Nearby average household annual income, $50,233​.

Size in square feet:
7,841

Business Operation

Reasons for selling:

Owner Selling Property with Business or Will Lease Space and $50k Key Money to use all equipment valued over $400k and virtually new!

Employees:
4 Employees when operating
Years established:
2015

Other Information

Lease asking price:
$50,000
Business closed / Asset sale:
Yes

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