NOT AVAILABLE...Pomoma

CA404

$3,200,000
NOT AVAILABLE...Pomoma #CA404 $3,200,000

Two and one half year new car wash grossing about $600,000 (includes1,500 sf c-store generating about 4-5,000/mo) with net about $200,000 on large 31,000 sf lot. 80 ft tunnel and new equipment. Avg tik: $17. Room to add smog, brakes, etc. The oil change (avg. $29.99) has a 'downstairs' unit so cars are not hoisted. Large car related business next door adds more business potential. Lease can be negotiated with owner/operator at $9,100/mo for about 30 years with first right of refusal. P&L available to qualified buyer. NOTE: With 500,000 down, owner will carry the balance at 8% for five years amortized over 20 years for lower payments (with a balloon payment at the end). For instance, $700,000 at 8% for 20 years is a payment of $5,855.08/mo or $70,260.96/yr for a cash on cash return of 26% on your money. Call now.
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