A Car Wash & Lube On The North Carolina Coast Is The Featured Business For Sale For March 2012 At Sunbelt Business Brokers of Raleigh
Raleigh, NC (PRWEB) March 26, 2012
Sunbelt Business Brokers of Raleigh’s featured business for sale for March 2012 is a Car Wash & Lube in a popular North Carolina Coastal city. In this case, Sunbelt is selling a business with a heavy real estate component and well-compensated management in place.
The car wash & lube was built in 2007 by an owner that had years of experience in the wash & lube business. The highest quality components were used and the
property was planned well. An example of the good planning is that vacuum lines are piped underground, with distribution to the entire property. The asking price of this business is $2,450,000 with the SBA-approved lending requiring approximately $400,000 down. In 2011 there were $750,000 in sales and $260,000 in cash flow to cover debt service.
“This business will require no major capital expenditures for years to come. With a little better economy and the continued growth of this city, it is easy to see $350,000 in cash flow from this business,” says Mark Richie of Sunbelt. The growth outlook for eastern North Carolina in general is good. This county has grown in population 21.5% per year between 1990 and 2010, and the future outlook is more growth. The business is currently being run on an absentee basis, and the new owner could continue to run it that way. An excellent point of sale system feeds up-to-the-minute data to your smart phone or computer. The same applies to the sixteen-camera surveillance system.
When Sunbelt of Raleigh features a business for sale, advertising is enhanced across most mediums. Sunbelt Business Brokers uses fourteen different advertising websites to promote businesses for sale. The company then highlights those advertisements to increase exposure and buyer traffic.
Sunbelt is the world’s largest business brokerage firm, with approximately 250 licensed offices located throughout the world. Annually, more than 1,400 Sunbelt brokers coordinate an estimated 3,000 Main Street and Middle Market business transactions. That is why the company says, “Sunbelt is the place to go to buy or sell a business.”
The Raleigh office of Sunbelt has been serving buyers and sellers for 25 years. There is an experienced staff of brokers including specialists in the Food & Beverage Business and Publishing & Media.