RS # 01368 
Car Wash (Western Suffolk County)

   SOLD
   

LISTING PRICE: $900,000.00

REMARKS:
Building and Land are leased to owner @ $6,000.00 a month for a term of 22 years. Lease has a 5% increase every three years.  Current owner has an assumable note, payable to previous owner of $385,000.00 for a term of 17 years @ 8% interest.

INCOME 2000
Tunnel Car Wash:  40,000 cars @ $10.00 per car average =$400,000.00
Off Street Detail: 480 cars @ $140.00 each = $67,2000.00  

Dealer Detail:
720 cars @   $75.00  each$54,000.00
Impulse Items Sales: (average of 300% markup)= $35,000.00   
TOTAL: $556,000.00


Expenses 2000

Rental Of Building & Property: (
$6,000.00 a month)   $72,000.00
Real Estate Taxes: (
$1,300.00 a month) = $15,600.00
Electric:
($1,000.00 a month) = $12,000.00
Gas:
only needed 4 months a year) = $1,5000 
Water:
($100.00 a month) = $1,200.00
Phone:
($100.00 a month) = $1,200.00
Chemicals:
($800.00 a month) = $9,600.00
Labor:
(no directors salaries)  ($12,500.00 a month) $150,000.00
Maintenance:
($1,000.00 a month) = $12,000.00
Insurance:
($800.00 a month)= $9,600.00
Total =
$284,700.00 NET = APP $271,500.00
 


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223 Wall Street * Suite 413 * Huntington, NY 11743
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Email: srossett@optonline.net
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