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- #69: Car Wash making $700k/year
#69: Car Wash making $700k/year
Rahul I
July 01, 2024
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In this week’s issue:
🗄️ Traditional business - 2 listings
🛒 eCommerce - 1 listing (Off-Market)
🗄️ Traditional business - 4 listings
☁️ SaaS - 1 listing
Alright, Let’s explore!
Estimated Reading Time = 5 minutes
🚀 Startup Spotlight
Discover profitable online and traditional businesses.
💰 Asking Price: $2,350,000
Type: Traditional Business
✅ Key Highlights
$788,860 in Gross Revenue
$340,000 in EBITDA
Renovated in 2021
7 Employees
Seller is retiring but will be staying local and can help with a lot of transition of ownership/training
Acquiring this state-of-the-art car wash facility presents a promising investment opportunity with multiple avenues for growth, such as expanding subscription plans, introducing additional services to help bring up the average customer value.
However, potential buyers should be mindful of the labor management, having 7 full time employees seems quite high for a business of this size. I’d review their roles and responsibilities to see how impactful their roles are.
💰 Asking Price: $499,000
They own and manage a portfolio of successful retail dispensaries in Southern California. This location has both city and state permits and is undergoing a remodel prior to commencement of operations in Q2 of 2024. Licenses and permits alone tied to this location are worth over $1.5m, conservatively
Type: Traditional Business
✅ Key Highlights
$4,834,000 in TTM Revenue
$964,958 in Cashflow
$762,042 in EBITDA
$200,000 in FF&E
$100,00 in Inventory
$10,000 in rent/month
4 Employees
🚀 Growth Opportunities
Increase in Product Offerings: Expanding the range of cannabis products, such as edibles, concentrates, and wellness products, can attract a broader customer base and increase revenue.
Online Store: Enhance online sales and introduce a delivery service to cater to customers who prefer shopping from home. This can significantly expand your market reach and increase convenience for current customers who come in store.
🚩Cons
Management Team: If the new owner opts for absentee ownership, there is significant dependence on the current management team. Any changes or issues with the management team could affect business operations and profitability.
#3. Jewelry ecommerce brand (💸 $12M in TTM Revenue)
💰 Asking Price: $30,000,000
Profitable eCommerce business in the Jewelry space looking to sell off market. Owner is looking to move onto a new venture and focus on their other brands.
Type: eCom
✅ Key Highlights
$12,498,467 in TTM revenue
$7,713,727 in Gross profit
If you’re interested in getting more numbers for this business then please respond to this email and we’ll make an intro to the owner.
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🤌🏼 Learnings Of The Week
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🗄️ Traditional business - 4 listings
☁️ SaaS - 1 listing
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