PetroCal Associates is pleased to offer a unique opportunity to acquire an award winning, well established flex service carwash in a continually expanding commercial district. This offering is rare as this is truly a turn-key opportunity with both long-term stability and the potential for continued revenue and profit growth.
The offering highlights include:
- Location –Prominently situated off Grass Valley Highway (CA-49), a seven lane highway with daily traffic counts approaching 42,000 cars/day connecting Auburn to I-80 and the rest of the communities of the Sierra Foothills
- Neighborhood –Surrounded by a full complement of retailers including Target, Home Depot, CVS, Safeway, Smart & Final, Rite Aid, Starbucks, Chick-Fil-A, Panera Bread, and many more
- Visibility and access –Corner lot with unobstructed visibility and easy access onto and off the site
- Trade Area –Local development continues with delivery of the Auburn Creekside center expected later this year
- Below market rent –Tenant favorable ground lease with nearly forty years remaining • Limited Competition –Closest express carwash competitor is nearly 20 miles away
Cruiser’s Carwash was developed by Steve Herron and washed its first car in 2007.
The business and facility highlights include:
- High volume, high margin –Washing well over 100,000 cars per year with a ticket average exceeding $13/car
- State of the art facility –160 foot wash tunnel with multiple recently upgraded components
- Green is good –Recently installed solar panel system and state of the art water reclaim system that recycles 93% of its water translate into huge utility savings while being environmentally friendly
- Still growing –Revenue has grown every year since opening and has exploded since 2012
- Loyal customer base –Long standing fleet accounts yield reliable recurring revenue
Cruiser’s Carwash is the premier car wash for the communities northeast of Sacramento. Cruiser’s has been in a class of its own from the very beginning receiving Best Carwash Design and Best Carwash Logo when it opened in 2007 and continuing the award winning trend receiving Best of the Best Carwash in Auburn EVERY YEAR SINCE OPENING. It was also awarded the honor of Top Rated A-List Carwash by Sacramento Cityvoterin 2016. The carwash has wash packages for every consumer whether you need a quick express wash, a full detailing or anything in between. Whether you are an aggressive owner looking for ways to increase revenue and profits or a more passive owner that wants a well-established, stable operating business Cruiser’s Carwash provides an attractive acquisition opportunity.