Diversified 3 in 1 Business Opportunity, Multi bay Car Wash, Pet Wash & Apartment

7 days ago Pennsville, United States Ad Views:251 Ad ID: 4709

Additional Details

  • Ad ID4709
  • Posted On7 days ago
  • Ad Views251
  • Price$490,000

Description

This unique 3-in-1 business has delivered a 4.5% compounded annual growth rate from ’17-’19. It comes with the opportunity to build each business individually to new levels for maximum revenue potential, as well as it is designed for business diversification to insulate owners from market fluctuations in any one market category.

The carwash is equipped with an automatic touchless bay, multiple self-service wash bays, multiple vacuum stations for interior detailing, and operates with both coin and credit card machines.

The pet wash adds an exciting level of revenue potential. According to an article published in Pet Business by Sean Simpson on May 26, 2020, due to COVID-19 pet ownership is up in 2020 and in-store pet sales are up 26%, while e-commerce channels are up 77% as of March of this year. http://www.petbusiness.com/What-Impact-Did-COVID-19-Have-on-Pet-Retail/. The increase in pet related sales activity, positions a pet wash very uniquely for revenue growth opportunities beyond historical averages.

The apartment complex is a multi-unit building with plenty of parking for tenants. It offers a predictable and reoccurring cash flow stream that allows for revenue diversification.

The business has a good location in town, is easily accessible with minimal competition in the surrounding region, and has a strong opportunity to grow with some strategic marketing and advertising.

The business is a perfect fit for an entrepreneur or a strategic buyer looking for an investment with a large upside opportunity. The current owners are involved in several businesses, and after a lot of consideration, they have decided to focus on other business priorities and their family.

Price$490,000 Real Estate Included

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