I recently moved to a smaller town and noticed that the car wash is for sale here. It has four bays, 2 are self-service, 2 are In-Bay automatics. Car wash was built in 2010 and is extremely well taken care of, basically looks brand new . I have the last three years of income and expense reports. The car wash reports on their tax returns that they do $115k gross per year. The asking price for the car wash is $750k. How would you go about evaluating this car wash?
This is the only car wash around, so about three other communities use it. Again, very nice well taken care of wash which does well financially.
This is the only car wash around, so about three other communities use it. Again, very nice well taken care of wash which does well financially.