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LISTING PRICE: $900,000.00
REMARKS:
Building and Land are leased to owner @ $6,000.00 a month for a
term of 22 years.
Lease has a 5% increase every three years. Current owner
has an assumable note,
payable to previous owner of $385,000.00 for a term
of 17 years
@ 8% interest. INCOME 2000
Tunnel Car Wash:
40,000
cars @ $10.00 per car average
=$400,000.00
Off Street Detail:
480 cars @ $140.00 each =
$67,2000.00
Dealer Detail:
720 cars @
$75.00 each
= $54,000.00
Impulse Items Sales: (average of 300% markup)= $35,000.00
TOTAL: $556,000.00
Expenses 2000
Rental Of Building & Property: ($6,000.00
a month) $72,000.00
Real Estate Taxes: ($1,300.00
a month) = $15,600.00
Electric:
($1,000.00 a month) =
$12,000.00
Gas:
only needed 4 months a year) =
$1,5000
Water:
($100.00 a month) =
$1,200.00
Phone:
($100.00 a month) = $1,200.00
Chemicals:
($800.00 a month) = $9,600.00
Labor:
(no directors salaries)
($12,500.00 a month)
$150,000.00
Maintenance:
($1,000.00 a month) = $12,000.00
Insurance:
($800.00 a month)= $9,600.00
Total = $284,700.00 NET = APP $271,500.00
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