Profitable Car Wash Business in Big City, Alberta

New Listing

Listing ID: 1233

Location

Description

Excellent location with great visibility. Includes 4 leasable retail/office bays currently leased by reputable tenants.

This site provides good access and good exposure. Located next to the former airport which consists of 536 acres set to be redeveloped as a mixed used area.

DETAIL DESCRIPTION OF CAR WASH
- 11 wand wash bays
-2 Auto bays (Installed in January 2019)
-1 Detail bay (currently operated by convenience store tenant with profit share of 50% or approx 1,500/m)


Financial Information

LEASE DETAIL
-Convenience Store & U Haul Tenant ($2,300/m)
-Used Car dealer shop ($1,200/m)
-Hair salon start from October ( 5 year & 5 year option, 1st year : $1,400/m, 2nd : $1,500, 3rd : $1,600/m)
-1 vacant place will be leased out from October 1st to music recording Company($800/m).

Revenue:
2019: $560,623
2020: $563,498
2021 Projection : $653,657

SDE:
2020 : $309,157
2021 Projection : $358,600

Minimum Equity Required

Real Estate

Price

$4,490,000

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