How to Sell a Car Wash for the Best Price in Palm Beach

Planning to sell your car wash business? Our advice: Don’t settle. At Sunbelt Business Brokers, we sell more businesses than anyone in the world. Whether you are looking to sell a self-service, hand-wash or automated car wash, we work to maximize value for you as a seller. Not sure where to start? Here are some necessary steps that will prepare you when you’re trying to sell a car wash for the best price possible in West Palm Beach, Florida.

5 Steps to Sell a Car Wash

sell a car wash

  1. Bookkeeping & Management

Maintaining accurate, organized, consistent financial records, makes a buyer’s transition a lot smoother. When you build and manage a strong team, it also makes for an easy transition for a new owner. A functioning business that is structured and well managed can make an immense difference when selling.  The type of facility a buyer wants is one that has a great staff, outstanding customer service, excellent profit numbers and superb services.

  1. Examine & Prepare

At Sunbelt, we know what buyers wish to see in a business, and we will work to get your business in selling-shape, ready to be sold for the best price. Valuing a car wash for purchase can have some hurdles; like many cash sales, sometimes it’s hard to prove every sale and report on all earnings. Regardless, one way to determine a fair purchase price for a car wash is to multiply the average annual income by 2–or 2.5 for a particularly profitable location.

  1. Online Presence

Building and executing a solid marketing plan builds brand awareness and provides the opportunity to be noticed by potential buyers. Maintaining a website and a consistent social media presence is vital in today’s business world. You can utilize these tools to promote news, deals, coupons and more. Social media is a great way to show your exceptional customer service and to communicate with consumers.

sell a car wash

  1. Accountant & Attorney

The first step is getting together with your certified public accountant (CPA) and discuss the tax implications of the sale. Someone who professes in federal, state, and local tax laws and is licensed in your state, to provide proper advice.  The next person that should be contacted is a competent business and real estate attorney in the area. They will provide specific legal advice on the transaction and sale of the property and business assets.

  1. Meet Your Broker

Business brokers encourage clients to confidentially buy and sell privately held companies, matching the interests of all parties involved. Every agent is specifically skilled in federal and state real estate laws, procedures, and limitations on practices. Sunbelt Business Brokers is the go-to team when looking to sell your business because we work with integrity and excellence.

These five must-do moves above are just the tip of the iceberg when selling your car wash business. Our best advice? Don’t waste another day and talk to a Sunbelt South Florida broker today! Don’t settle for anything less than you deserve. It’s time for your hard work to pay off. Talk to a Sunbelt West Palm broker to learn more about how to sell a car wash for the best price.

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