Greetings! I am not new to the forum, but am new to posting. I have a question best answered by you guys.
I own a 1.5 acre gas station in the center of a town of 70,000 in Minnesota (6 pumps, 2400 sq ft store, 2 IBA's) and there is a 5400 sq ft, nice looking building on 1 acre virtually in my parking lot for sale. It is currently set up as a 4-bay express lube that does lackluster business, and a large open-bay rear area that does nothing. I envision the front lube area being converted to a laundromat and the rear area (45' x 60') being set up as a temperature-controlled, fully in-door self serve wash area with 5 bays. I would sell carwash and laundry product out of the waiting area, and have an attendant on duty. The pits under the lube bays could be converted to a game room with coin-op dart boards and a pool table.
The building could be had for around 500-600K with property taxes around 10K/yr. Obviously I have to control costs setting the place up, but I also would want it with premium equipment. There are two older 8 bay S/S washes about 2 miles on either side of me, and two older E/E tunnels about a mile on either side. I am surrounded by 2 grocery stores, 2 large hotels, civic center, and a university of 15,000 students right up the street. I currently average about 600-650 customers per day. Does this sound financially feasible to you owners?
One more thing - I know most carwash owners don't like c-store carwashes, but I take my washes extremely seriously. I keep my place super-clean and fully functional. I've taken a lot of money and time rebuilding my customer base the previous owner lost for the store. Thanks in advance for any input!
I own a 1.5 acre gas station in the center of a town of 70,000 in Minnesota (6 pumps, 2400 sq ft store, 2 IBA's) and there is a 5400 sq ft, nice looking building on 1 acre virtually in my parking lot for sale. It is currently set up as a 4-bay express lube that does lackluster business, and a large open-bay rear area that does nothing. I envision the front lube area being converted to a laundromat and the rear area (45' x 60') being set up as a temperature-controlled, fully in-door self serve wash area with 5 bays. I would sell carwash and laundry product out of the waiting area, and have an attendant on duty. The pits under the lube bays could be converted to a game room with coin-op dart boards and a pool table.
The building could be had for around 500-600K with property taxes around 10K/yr. Obviously I have to control costs setting the place up, but I also would want it with premium equipment. There are two older 8 bay S/S washes about 2 miles on either side of me, and two older E/E tunnels about a mile on either side. I am surrounded by 2 grocery stores, 2 large hotels, civic center, and a university of 15,000 students right up the street. I currently average about 600-650 customers per day. Does this sound financially feasible to you owners?
One more thing - I know most carwash owners don't like c-store carwashes, but I take my washes extremely seriously. I keep my place super-clean and fully functional. I've taken a lot of money and time rebuilding my customer base the previous owner lost for the store. Thanks in advance for any input!
