#58: Car Wash Making $418k/year

๐Ÿ‘‹ Hey Team!

Welcome to the 419 new people who have joined this week!

Congrats to the 2 people in our premium membership who have submitted a LOI for a business theyโ€™ve been interested in!

In this weekโ€™s issue:

  • ๐Ÿ—„๏ธ Traditional business - 2 listings

  • โ˜๏ธ SaaS - 1 listing

  • ๐Ÿ—„๏ธ Traditional business - 2 listings

  • ๐Ÿ›’ eCommerce - 3 listings

Alright, Letโ€™s explore!

Estimated Reading Time = 5 minutes

๐Ÿš€ Startup Spotlight

Discover profitable online and traditional businesses.

๐Ÿ’ฐ Asking Price: $900,000

This car wash business in a very lean business model utilizing in-expensive & long term ground leases at established stores/gas stations. The business currently operates 4 locations: 3 in South Texas and 1 in New Mexico.

All locations include an In-Bay Automatic machine, 2 locations have 2 self-serve bays each, washes are able to be purchases from the gas station pumps through our partner.

Type: Traditional Business

โœ… Key Highlights

  • $418,000 in Gross Revenue

  • $450,000 in FF&E

  • $750 in rent per month

  • Established in 2015

The business has exclusivity to build new locations with one of their partners, which is a grocery store chain with nearly 150 stores in small towns with little to no competition. The partner has agreed to very economical long term ground leases for expansion, some of their locations are highly desirable for new car wash sites.

The current owner takes a hands-off approach utilizing technology such as remote cameras and high-tech payment kiosks. There is considerable upside with new ownership through increased prices (prices have never increased), car wash membership subscriptions, and lowering maintenance costs by doing it yourself.

๐Ÿ’ฐ Asking Price: $550,000

Profitable laundromat in New York that cash flows $162k a year. Located in a shopping center with plenty of parking and a vert safe environment.

Type: Traditional Business

โœ… Key Highlights

  • $364,000 in Gross Revenue

  • $162,000 in Cash Flow

  • $1,000 in Inventory

  • $8500 in rent

A lot of traffic comes through this shopping center so immediately youโ€™ll get a surge of foot traffic going past the laundromat. Currently has 30 washers and 43 dryers.

Owner is willing to provide 2 weeks free training after the closing. Theyโ€™re currently looking to retire so are flexible with seller financing.

๐Ÿ’ฐ Asking Price: $400,000

Popular Figma plugin for creators that converts prototypes to animations in a single click.

Type: SaaS

โœ… Key Highlights

  • $121,000 in TTM Revenue

  • $111,000 in TTM Profit

  • $18,000 in revenue last month

  • $14,000 in profit last month

  • High profit margins

๐Ÿš€ Growth Opportunities

  • Ads: All the growth has come through product-led growth. Start running google search ads to capture more demand around the extension

  • SEO: SEO can help rank above other extensions and other competitors in a similar space. Make sure to target long tail keywords that your common customer is searching for.

๐ŸšฉCons

  • Platform: Being so platform dependent can be both a pro and con. Platform dependency can become a problem when youโ€™re looking to aggressively scale and hit a ceiling on amount of revenue you can make from that place based on the daily active users.

๐ŸคŒ๐Ÿผ Learnings Of The Week

โœ๐Ÿฝ Acquisitions

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๐Ÿ•ต๐Ÿผโ€โ™€๏ธ 5 more deals below for Paid Members

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  • ๐Ÿ—„๏ธ Traditional business - 3 listings

  • ๐Ÿ›’ eCommerce - 3 listings

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