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Automatic Full Service,Soft Cloth Car Wash.Hamilton Ontario. Asking $1.35M. Nets $225K.Excellent 17%Return! Well Established 40 Yrs.Same owner 25 Yrs.Cash Cow!

Message Number	187807
status	Active
Subject Line	Automatic Full Service,Soft Cloth Car Wash.Hamilton Ontario. Asking $1.35M. Nets $225K.Excellent 17%Return! Well Established 40 Yrs.Same owner 25 Yrs.Cash Cow!
Business area	Canada Ontario Southwestern Ontario Greater Toronto area Niagara Region
Location, City	Hamilton, Ontario
Have/Want	Have
Business category	Shopping Centres/Strip Plazas/Retail Commercial Buildings/Hotels/Motels Business Opportunities Sites Commercial and Industrial
Date of Listing	November 27 2008
Type Description	Carwash ( Full Service,Soft Cloth, Automatic)
Location	Hamilton, Ontario
Price	$1,350,000.00
Price Comment	17% Return! Hard to beat!
Size	80' x 282' / .50 Acre / 22,500 Sq.Ft.
Building area	4800
Building Area Comment	Clean Operation with Newre, Upgraded Equipment.
Site area	80' X 282'/ .50 Acre/ 22,500 Sq.Ft.
Zoning	Commercial
Gross Income	$519,000.
Expenses	$294,000.
Net Income	$225,000.
Cap Rate	Excellent 17% Return on Investment!
Loans	VTB 2nd Possible!
Equity	Need $200K Minimum Downpayment
Yield	55 % Return!! on Actual Cash Downpayment!
Comments	Very busy Car Wash, high volume traffic on major street.Excellent loyal client base.Clean, well-run carwash operation with upgraded equipment (2004) E.g.chain and dollies and newer dryer, renovated interior, new roof. Perfect for extended family operation or new Canadian immigrants. Hard to beat 17% Profit (Return on Investment). 45,000 Cars in 2007! All figures are verifiable.Long tunnel of 160'and extended 50" area for detailing and/or custom work!! Good accounts.(E.g. Hamilton Police Force vehicles.
Internet Links
Client Details	User/Manager
Client Situation	Need out of Real Estate New Opportunity
Clients Objective	Opportunity Retire/Passive
Motivation Rating	Take Part Equity
Client Will	Add Payments (or Paper) Keep and Create Against Supply Lender with $$$ Take Back Mortgage
Explain Client's Motivation	Change of lifestyle. Retirement.
Broker's Recommendation	Very solid secure investment . 17% Cap Rate!
Time Factors, Drop Dead Dates	Cash in for the summer season.
Control	Exclusive
Name	Roger Beech
Title	Commercial Real Estate Broker
Company Name	Prudential Properties Plus
Address Line One	1052 Kingston Road
City	Toronto
State/Province	Ontario
Zip/Postal Code	M4E1T4
Country	Canada
Business Phone Number	1(877)694-3336x260
Home Number	(416)719-3575
FAX Number	(416)694-6214
Email Address	Send Email
Home Page	Home Page

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