Mobil 1 Quick Lube & Car Wash in Grand Rapids, MI - $1.6M - Prime Commercial Property
Executive Overview
Key Investment Highlights
- •Prime commercial property spanning nearly one acre
- •Established since 2001 with consistent performance
- •Combined annual gross revenue of $623,260
- •Annualized EBITDA of $210,694
- •Strategic location with over 22,000 daily vehicle traffic
This turn-key business offers a comprehensive automotive service package, combining quick lube services and a state-of-the-art conveyor car wash. Located on high-traffic Broadmoor Ave SE, the facility leverages an excellent commercial position with significant growth potential. The property includes all essential equipment and presents opportunities for future expansion, such as additional self-serve kiosks and vacuum stations.
Operating with a lean, efficient team of three employees, the business provides an attractive absentee ownership model. The operation maintains consistent performance, averaging 22.41 vehicles daily with a gross ticket average of $105.78. Its strategic service model integrates quick lube and car wash services, creating multiple revenue streams and attracting both individual and fleet customers. The business operates Monday through Friday, offering flexibility and predictable scheduling.