Description

An opportunity to acquire Suds Car Wash & Detail, a Class-A full-service automobile cleaning and detailing facility located in the highly desirable community of El Dorado Hills, Ca., and nestled within the the upscale lifestyle center of El Dorado Hills Town Center. With high barriers to entry and the only provider of these services in this county, the nearest wash competitor is located +/-10 miles away in Cameron Park and +/-8 miles in Folsom. This location further benefits from being the most densely populated region of El Dorado County, with 44,000 residents who, on an average, possess higher educational qualifications and an average annual household income of $198,874. With a 2024 annualized acquisition Cap Rate of 8.7%, this purchase allows the investor/operator a fee simple, turn-key car wash & detail operation with long term employees on hand and existing income in place. Car washes with on-site detail like Suds are highly sought-after investment opportunities, particularly in California's climate, which is conducive to maintaining the ever increasing high-end vehicles on the road. Drive-by or customer wash tours only! Please do not discuss with employees.