toronto carwash; $500K; 250 net profits. but - has employees

Message Number 232129
status Active
Subject Line Now $499K. Nets $250K!Champagne of Car Washes! Goldmine! New Equip. Business only.Automatic + hand wash.Major Toronto high traffic intersection.No competition!
Business area
Canada
Ontario
Greater Toronto area
Location, City Toronto, Ontario
Have/Want Have
Business category Business Opportunities
Sites Commercial and Industrial
Date of Listing December 30 2010
Type Description Car Wash- Exterior Only & Full Service and Hand Dryed.
Location East York,Toronto, Ontario
Price $499,000.00
Price Comment Rare opportunity for this amazing return of 50%
Size 3334 Sq. Ft.
Building area 6835
Building Area Comment Additional 6 Bay Automotive Detailng Bay Area
Gross Income $621,000
Expenses $371,000
Net Income $250,000
Cap Rate 42% Return on Actual Cash Investment!!
Loans Broker May Assist with Minimum $300K Down Pay
Equity 2 1/2 year Payback! Over a 40% Return!
Yield With $250,000 down payment ,Return is over 80%!!
Comments A great start to a car wash opportunity! Incredible exposure with very high traffic count at major Toronto intersection.Line-ups!No competition. Unique,chain and pulley system operation(no conveyor belt).Combined with hand wash.Exterior and Full Service (Exterior and Interior) and Full Service Detailing options.
No maintenance. Newer equipment(only 6 years old).
System designed to easily add brush system,and save labour costs. Averages 80-90 cars/day @ average $18/car. (25,000 cars/yr).
You do the math!
Nets $250K/yr.Verifiable!
(Also has 6 Bay automotive detailing area for extra income.)
Please do not speak to any employees.All app'ts through Listing Broker.
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Client Details Active Investor
User/Manager
Client Situation New Opportunity
Clients Objective Recognize Value
Opportunity
Motivation Rating -- NONE --
Client Will -- NONE --
Explain Client's Motivation New Opportunity
Broker's Recommendation Won't last! Amazing Return! Look at the profit.
Time Factors, Drop Dead Dates Motivated to sell sooner rather than later!
Control MLS
Name Roger Beech
Title Commercial Real Estate Broker
Company Name Real Estate Homeward Brokerage
Address Line One 1858 Queen St. E.
City Toronto
State/Province Ontario
Zip/Postal Code M4L 1H1
Country Canada
Business Phone Number (416)694-3336
Home Number (416)-719-3575/416-455-9767
FAX Number (416) 463-2212
Email Address Send Email
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