Investment Opportunity: OT's Auto Wash 24hrs (Texarkana, TX)
Hi everyone,
For the entrepreneurs and commercial real estate investors in the group, a major investment opportunity just popped up in Texarkana. The seller just announced a $100,000 price drop, bringing the asking price down from $799,000 to $699,000.
If you are looking for a business with established equipment and significant room to scale your revenue, this is worth looking at. The facility recently had ~$300,000 invested in equipment and facility upgrades.
Property & Financial Highlights:
The Value-Add Story (The Upside Potential):
The real opportunity here is that there has been essentially no marketing to date for the in-bay automatic wash.
Broker Contact Details:
For more information, reach out to the listing brokers:
*Forum Disclaimer: All financial figures, site traffic, and revenue projections are provided by the seller and their cooperating brokerages. Forum staff do not independently verify commercial real estate listings, P&L statements, or zoning details. Always conduct thorough due diligence and consult with your own CPA and legal counsel before making commercial investments.*
Are there any experienced car wash operators in the forum? Looking at the daily traffic from that adjacent gas station, what kind of marketing strategies would you use to get that gross revenue up to the $15k mark?
Hi everyone,
For the entrepreneurs and commercial real estate investors in the group, a major investment opportunity just popped up in Texarkana. The seller just announced a $100,000 price drop, bringing the asking price down from $799,000 to $699,000.
If you are looking for a business with established equipment and significant room to scale your revenue, this is worth looking at. The facility recently had ~$300,000 invested in equipment and facility upgrades.
Property & Financial Highlights:
Location: 8490 W 7th Street, Texarkana, TX 75501.
New Price: $699,000.
Equipment: Features both self-service bays and a DWS touchless automatic wash. Payment options include cash, quarter, and credit card.
Current Revenue: Seller-reported ~$6,000/month in current gross sales (with approximately 70% of current revenue coming from self-service).
Low Overhead: Seller-reported utilities are only ~$600/month. There is also a $200/month DWS service program for equipment checks, repairs, and chemical delivery.
The Value-Add Story (The Upside Potential):
The real opportunity here is that there has been essentially no marketing to date for the in-bay automatic wash.
- The automatic wash was reportedly not fully operational when the property initially reopened, meaning the revenue hasn't peaked yet.
- Built-in foot traffic: The seller reports 500-600 daily customer visits to the gas station located on the same site, and an adjacent restaurant is preparing to reopen.
- According to a local industry contact, with proper operation and marketing, this wash could potentially reach ~$15,000/month (Note: This is a potential target, not established historical income).
- The car wash will be parceled off from the gas station property (final parcel size and taxes to be confirmed after division).
Broker Contact Details:
For more information, reach out to the listing brokers:
Danielle Moore (Director of Commercial Real Estate, Realty Executives Showcase Commercial)
(586) 354-4433
DANIELLEM@REALTYEXECUTIVES.COM
https://daniellemoore.showcasecommercial.com
- Brian Brockman (Broker of Record, Bang Realty Texas, Inc)
- 586.354.4433
- brian@bangrealty.com
*Forum Disclaimer: All financial figures, site traffic, and revenue projections are provided by the seller and their cooperating brokerages. Forum staff do not independently verify commercial real estate listings, P&L statements, or zoning details. Always conduct thorough due diligence and consult with your own CPA and legal counsel before making commercial investments.*
Are there any experienced car wash operators in the forum? Looking at the daily traffic from that adjacent gas station, what kind of marketing strategies would you use to get that gross revenue up to the $15k mark?