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Established Full Service Car Wash In London Ontario For Sale

London, Ontario
Asking Price:
$1,200,000 (CAD)
Sales Revenue:
$1,000,000 (CAD)
Cash Flow:
$250K - $500K (CAD)

30 year old, established full-service carwash business with top of the line equipment.

Approximately $1 million in annual sales, with sales increasing annually.
$109,000 rent per year (HST included).
14-year lease with good Landlords.
10 employees.

Property information

Real Estate:

Lease

Lease Terms:

Lease is valid for another 14 years (until 2033). There is possibility to extend this lease.

Leasehold Rent:

$109,000 (CAD) per annum

Location:

Prime high street location

Premises Details:

Within a plaza with major businesses and beside a Holiday Inn.

Size in square feet:
4,000

Business Operation

Expansion Potential:

Potential exists

Reasons for selling:

Retirement

Trading hours:

Monday-Saturday 9AM - 5PM
Closed on wet weather conditions and major holidays.

Employees:
10
Years established:
30+

Other Information

Furniture / Fixtures value:
$500,000 (CAD)
Inventory / Stock value:
$30,000 (CAD)
Website:
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