2014 Washington StStephenville, TX 76401

For Sale
$3,890,000

Profitable Car Wash Near Tarleton State University

Overview

Added:
Dec 11, 2024
Days on market:
94
Exceptional opportunity to acquire a thriving, single-story car wash in Stephenville, Texas. This 3,163 square foot facility, built in 2023, boasts cutting-edge technology and state-of-the-art equipment. Priced at $3,890,000 ($1,229.85/sq ft), this turnkey operation generated nearly $800,000 in revenue in 2023, with EBITDA representing almost 60% of sales. The business benefits from a substantial existing customer base of approximately 1,080 unlimited wash club members. Its prime location, just 500 feet from Tarleton State University (enrollment increased 11% in 2022-2023), provides access to a large student population and benefits from the university's ongoing $317 million development project. Situated on a high-traffic corridor (25,742 vehicles per day) with excellent access, the car wash is surrounded by major national retailers, including H-E-B, Walmart, and others. The Stephenville market currently lacks national car wash competitors, presenting a unique opportunity for market dominance. Significant population growth in the area (17.08% within 1 mile, 23.54% within 3 miles, and 23.31% within 5 miles over the last decade) projects continued expansion, ensuring long-term viability. This is a rare chance to acquire a profitable, established business with significant growth potential in a rapidly expanding market.

Highlights

  • Turnkey car wash operation in Stephenville, TX, built in 2023, offering immediate revenue generation.
  • Established customer base of nearly 1,080 unlimited wash club members provides a strong foundation for continued success.
  • High profitability with nearly $800,000 in 2023 revenue and EBITDA representing almost 60% of sales.
  • Prime location near Tarleton State University, benefiting from a growing student population and significant university expansion projects.
  • High population growth in the immediate area (17.08% within 1 mile, 23.54% within 3 miles, and 23.31% within 5 miles over the last decade) ensures long-term viability.
  • Excellent location on a high-traffic corridor (25,742 VPD) with major national retailers nearby and no national car wash competition.

Property Details for 2014 Washington St

Property type
Other specialty properties, Automotive properties
Square Feet
3,163 SF
Buildings
1
Stories
1

Location Insight

City
Stephenville
County
Erath
State
Texas
Latitude
32.210676051407
Longitude
-98.223729695866
2014 Washington St, Stephenville, Texas

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2014 Washington St
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