Tag Archives: Car Wash for sale

OIB Opportunities in Business

Reasons Acquisitions Fail and How to Succeed

Growth through acquisition is promising but is not without its pitfalls. There are several common, avoidable reasons acquisitions fail and learning from these mistakes and oversights can set your company up for successful future acquisitions.

Leadership: Acquisitions fail when leadership is not proactive or sufficiently involved in the acquisition process.

Due diligence: Acquisitions fail when companies do not act on due-diligence discoveries.

Technology: Acquisitions fail when buyers have unrealistic expectations of system integration.

Strategy: Acquisitions fail when a clear strategy isn’t used to determine integration goals.

Talent:  Acquisitions fail when buyers lose key talent during the process.

Financial overextension: Acquisitions fail when negotiations get dragged out and deplete financial resources.

Culture: Acquisitions fail when buyers trample the culture of the company being acquired.

Synergy: Acquisitions fail when buyers come in with too high of expectations of merger synergies.

Communication: Acquisitions fail when communication breaks down and causes a chain reaction of disconnect and disappointment.

A few tips to Succeed

  • Be thorough. Leave no stone unturned throughout the acquisition process.
  • Pay attention to mergers and acquisitions in the news. Learn from other buyers!
  • Acquisitions take time and cost money – be patient and methodical.

Your diligence will pay off and your company will grow! Considering business acquisition? Reach us anytime at 612.331.8392 or by email at info@oibmn.com.

Beautiful Car Wash was remodeled in 2008 from top to bottom.

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TYPE OF BUSINESS: This beautiful Car Wash was remodeled in 2008 from top to bottom. The owner of this carwash has done an excellent job maintaining the building, equipment and property. “New” Express Tunnel concept. High volume, low overhead, terrific location. Sale includes business, equipment, building / land. Major thoroughfare with 24,000 cars passing by daily. Business located 1 ½ hours South East of Metro.This place reminds me of the services offered by Eurotechnik car service mechanics, as I had taken by luxury car there and the services I got from them was simply excellent. They use the latest in technology just as this place to provide better services and also ensure to improve the car’s performance.

 

FACILITY: 3,900 SF building located on 3/4 acres of land next to a major Grocery store. State of the art components complement this car wash. The Enduro Class 115 ft. length tunnel system is a versatile system of choice according to the experts at Anago Cleaning Systems, delivering maximum cleaning power in a flexible soft cloth car wash system. The P.O.S. system and E-300 auto sales manager is a great fit for those who wish to add an additional profit center to an existing facility. Minimum maintenance and near zero downtime with the Belanger Wave Car Wash. Property tax is $10,522 for 2012.

 

EMPLOYEES: Business runs with minimum employees. Two people can run this automatic car wash. The owner has two part-time employees plus himself providing the excellent service – something needed especially for your car, maybe?

 

GROSS SALES: Gross sales for 2012 were $140,000. Cash Flow for 2012 was approx… $52,000 for owner operator. During peak times the Enduro system has the ability to averaged 50 to 80 cars per hour during peak times in the winter.

 

ASKING PRICE: The seller is asking $699,000. Included in sale is the Business, $7,000 in inventory, $250,000 in Equipment, Furniture, Fixtures and Building & Property valued at $350,000 (based on 2012 property taxes).

 

REASON FOR SELLING: Seller has two other businesses.

Visit here to get preapproved for an auto loan to buy your new or used car. Camry parts are available at the moment, too.

Important Notice: The above information has been provided by the seller, neither The 20/20 Group

(d.b.a. Opportunities In Business) nor it’s agents has verified it’s accuracy or comprehensiveness.

7743  b.k.