$700K; coin-op carwash; ontario; no employees; nets $103K

Message Number	232617
status	Active
Subject Line	3 Bay Coin Car Wash With Truck Bay + 24 Hr.Automatic Touchless Drive-Thru.5 Yrs New.1.5 Acre.Adjacent Land Avail.with House and/or Develop.Nets $103K.Ask $698K
Business area	Canada Ontario Southwestern Ontario
Location, City	Courtland (Near Tillsonburg)
Have/Want	Have
Business category	Shopping Centres/Strip Plazas/Retail Commercial Buildings/Hotels/Motels Business Opportunities Sites Commercial and Industrial
Date of Listing	January 10 2011
Type Description	3 Bay Coin Car Wash (with Truck Bay)+ 24 Hr. Automatic Touchless Car Wash
Location	Courtland Ontario (Near London/Tillsonburg)
Price	$698,000.00
Price Comment	Excellent 15-17% Return for 10 Hour Work Week!)
Size	335' X 220' 69,260 sq.ft. 1.59 Acre
Building area	4500
Building Area Comment	Extremely Well Maintained and Very Clean!
Site area	335' X 220' 69,260 sq.ft. 1.59 Acre
Zoning	Highway Commercial (CTN)
Gross Income	$146,000
Expenses	$43,000
Net Income	$103,000
Cap Rate	16% Return opn Investment!
Loans	Minimum $200K Cash Down Payment. Broker Can Assist
Equity	Only 25% Downpayment Needed.
Yield	30-35% On Actual Cash Investment!
Comments	Very Busy 3 Bay Coin-Operated Self Serve Car Wash (Includes Truck Bay with Very High Ceiling)+ 24 Hr.Fully Computerized Automatic Touchless Drive-Thru complete with Underwash and Pager System for Mechanical Alerts. No employees!! 2 Vacuums Includes Shampoo Vacuum. Change and Vending Machines. Extremely Well Maintained and Very Clean! Approximately 20,000 Cars/Year. Adjacent 3 Bedroom House (also Available to Rent) and/or Highway Frontage,Farm Land Available for Sale for Further Expansion or Development. Great Opportunity to Start Small in Car Wash Industry.
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