CAR WASH - BUSINESS & PROPERTY FOR SALE
ALISON GOSS
[email protected] #01815323
MAHONEY & ASSOCIATES501 Abrego Street
Monterey, CA 93940831.646.1919
mahoneycommercial.com
Presented by:
2236 Fremont Street, Monterey, CA 93940
24-HOUR SELF-SERVICE CAR WASH
MAHONEY & ASSOCIATES • 501 Abrego Street • Monterey, CA 93940 • 831.646.1919 • mahoneycommercial.com Page 2
OFFERING SUMMARY
Sale Price: $1,300,000
ROI, Business: $142,000
Lot Size: 0.23 Acres
Year Built: 1950
Renovated: 2014
Zoning:C-2 (Community
Commercial)
King Clean Monterey Car Wash FOR SALE - in the North Monterey Corridor. The
Only Self-Service Car Wash in Monterey!
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
• 24 Hour Self-Serve, Clean and Profitable Business
• All Equipment New in 2014 with Current Owner's Purchase
• Minimal Upkeep Demanded by this Popular 3-Bay Wash
• Sale includes Fee Simple Interest in Land, Building, Site Improvements and
Equipment, including Pylon Sign on busy Fremont Boulevard
• .862 Acre Feet of Water
• Local Service Tech Available
C A R WA S H - B U S I N E S S & P R O P E RT Y F O R S A L E
2236 FREMONT STREET, MONTEREY, CA 93940
EXECUTIVE SUMMARY
MAHONEY & ASSOCIATES • 501 Abrego Street • Monterey, CA 93940 • 831.646.1919 • mahoneycommercial.com Page 3
INCOME SUMMARY KING CLEAN CAR WASH & REAL ESTATE PER SF
Credit Cards $81,530 $40.77
Cash Sales $118,605 $59.30
Gross Income $200,136 $100.07
EXPENSE SUMMARY KING CLEAN CAR WASH & REAL ESTATE PER SF
Bank Charges $398 $0.20
Sales Tax $217 $0.11
Credit Card Fees & Refund $1,478 $0.74
Equipment $3,222 $1.61
Insurance $1,606 $0.80
Legal & Professional Fees $275 $0.14
Office Expenses $80 $0.04
Payroll Expenses $20,366 $10.18
Postage and Delivery $19 $0.01
Remodel Costs $49 $0.02
Repairs & Maintenance $1,202 $0.60
Security $607 $0.30
Supplies $19,707 $9.85
Property Taxes (adj for $1,300,000 Sale Price) $15,600 $7.80
Licenses & Permits $75 $0.04
Garbage $2,692 $1.35
Gas & Electric $4,337 $2.17
Mud Removal $800 $0.40
Telephone $1,933 $0.97
Data $344 $0.17
Water & Sewer $9,827 $4.91
Gross Expenses $84,842 $42.42
Net Operating Income $115,294 $57.65
C A R WA S H - B U S I N E S S & P R O P E RT Y F O R S A L E
2236 FREMONT STREET, MONTEREY, CA 93940
INCOME & EXPENSES
MAHONEY & ASSOCIATES • 501 Abrego Street • Monterey, CA 93940 • 831.646.1919 • mahoneycommercial.com Page 4
SALE PRICE $1,300,000
Building Name King Clean Car Wash
Street Address 2236 Fremont Street
City, State, Zip Monterey, CA 93940
County/Township Monterey
Cross Streets Ramona
LOCATION INFORMATION
Building Size 2,000 SF
Year Built 1950
Last Renovated 2014
Free Standing Yes
BUILDING INFORMATION
Property Type Special Purpose - Car Wash
Property Subtype Other
Zoning C-2 (Community Commercial)
Lot Size 10,212 SF
APN# 013-171-008
PROPERTY DETAILS
Street Parking No
Rail Access N/A
PARKING & TRANSPORTATION
C A R WA S H - B U S I N E S S & P R O P E RT Y F O R S A L E
2236 FREMONT STREET, MONTEREY, CA 93940
PROPERTY DETAILS
MAHONEY & ASSOCIATES • 501 Abrego Street • Monterey, CA 93940 • 831.646.1919 • mahoneycommercial.com Page 5
C A R WA S H - B U S I N E S S & P R O P E RT Y F O R S A L E
2236 FREMONT STREET, MONTEREY, CA 93940
ADDITIONAL PHOTOS
MAHONEY & ASSOCIATES • 501 Abrego Street • Monterey, CA 93940 • 831.646.1919 • mahoneycommercial.com Page 6
C A R WA S H - B U S I N E S S & P R O P E RT Y F O R S A L E
2236 FREMONT STREET, MONTEREY, CA 93940
PLAT MAP
MAHONEY & ASSOCIATES • 501 Abrego Street • Monterey, CA 93940 • 831.646.1919 • mahoneycommercial.com Page 7
C A R WA S H - B U S I N E S S & P R O P E RT Y F O R S A L E
2236 FREMONT STREET, MONTEREY, CA 93940
LOCATION MAPS
MAHONEY & ASSOCIATES • 501 Abrego Street • Monterey, CA 93940 • 831.646.1919 • mahoneycommercial.com Page 8
POPULATION 1 MILE 3 MILES 5 MILES
Total population 9,289 52,258 86,544
Median age 35.9 36.3 40.2
Median age (male) 33.7 35.2 38.9
Median age (Female) 39.0 37.4 41.0
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 3,731 19,271 33,811
# of persons per HH 2.5 2.7 2.6
Average HH income $62,225 $71,234 $83,323
Average house value $963,920 $562,421 $719,435
* Demographic data derived from 2010 US Census
C A R WA S H - B U S I N E S S & P R O P E RT Y F O R S A L E
2236 FREMONT STREET, MONTEREY, CA 93940
DEMOGRAPHICS MAP
MAHONEY & ASSOCIATES • 501 Abrego Street • Monterey, CA 93940 • 831.646.1919 • mahoneycommercial.com Page 9
C A R WA S H - B U S I N E S S & P R O P E RT Y F O R S A L E
2236 FREMONT STREET, MONTEREY, CA 93940
DISCLAIMER
Disclaimer
All materials and information received or derived from Mahoney & Associates its directors, officers, agents, advisors, affiliates and/or anythird party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property,compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of theproperty, projected financial performance of the property for any party’s intended use or any and all other matters.
Neither Mahoney & Associates its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied,as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source,whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence todetermine these and other matters of significance to such party. Mahoney & Associates will not investigate or verify any such matters orconduct due diligence for a party unless otherwise agreed in writing.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their owninspections and investigations including through appropriate third party independent professionals selected by such party.
All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consultingappropriate independent professionals. Mahoney & Associates makes no warranties and/or representations regarding the veracity,completeness, or relevance of any financial data or assumptions. Mahoney & Associates does not serve as a financial advisor to any partyregarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modelingpurposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a partydo not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual andgovernmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property.
Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified publicaccountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the conditionof the property and whether the property complies with applicable governmental requirements should be discussed by the party withappropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed byMahoney & Associates in compliance with all applicable fair housing and equal opportunity laws.
