Triton Car Wash Exit 7

Business Opportunity for Sale
Catylist Listing ID: 30679995
Property Subtypes: Auto Related
Building Size (RSF): 1,200 SF
Sale Price: $129,000
In Opportunity Zone? Yes
Name of Establishment: Triton Express Wash
Franchise Parent Name: Triton Express Wash, LLC.
Year Business Established: 2013
Gross Revenue: $72,419 (Annual)
Cash Flow: $0 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Land Lease in place with land owner until 2027. Cash to Seller at Closing
Last Updated: 4/27/2022

Overview / Comments

Triton Car and Dog Wash has been in existence since 2013, with many updates and improvements since the original date. The current car wash has 5 self service bays, including a high bay for trucks, and two automated car washes, one soft cloth and the other "touchless" car wash. The property while on a land lease has a number of years remaining on the original lease, and the Landlord will likely extend the terms of the Lease. The Dog Wash is very unique and provides a great venue in which to was your dog.
Situated along Lee Highway, just across from Bay's and below Food City, this site had not only high visibility, but easy access as this business is on a signalized corner.
With an additional building at the rear with a high bay, a detail shop is a very inviting and likely very simple. Being located along Lee Highway and having a great amount of traffic, makes this an exceptional site.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Washington
Industry Segment: Carwash
Reason for Selling: Business expansion
Value of Inventory Included ($): $150,000
Value of Furniture, Fixtures, and Equipment ($): $94,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Current land lease to term out 12 years.
Employee/Labor Description: Part time employees
Mgmt/Training Support Description: Owner can provide training support and maintenance.
Competition/Market Description: Only one other car wash in this end of Bristol
Seller Financing Description: Possible Owner Financing

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 771 25,176 47,817
Median Age: 40.23 42.11 41.71
Households: 334 10,940 20,500


Photograph of Listing Agent

Richard S. Armstrong, III

TCI Group - Lowry & Foster, Inc. NETAR CMLS Member
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