Description

This independent, multi-location oil lube & car wash business has a dominant position in its marketplace in Western Wisconsin. It is affiliated with a major, national oil brand. Most of the centers feature well maintained, stand alone buildings, up to date equipment, and all have a highly trained, stable employee base. The centers are known for their speed of service and honesty & integrity in dealing with their customers. The centers recently began offering mechanical services, which provides a great avenue for future growth.
The $2M asking price is broken down as follows: $335k for the business, which includes roughly $65k of inventory and all the equipment, currently valued at $340k. The business is priced at roughly HALF of what it would cost to equip and stock something similar from scratch. $1,665,000 for the real estate (which is supported by a recent, professional valuation). The combined cash flow of the operations was roughly $300k in each of the past two years.
With its stable operations and solid, dependable management and staff in place at each location, this is a perfect opportunity for a strategic buyer looking to expand or an absentee owner/investor looking for a steady return.

Posted Oct 6, 2016

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