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AWARD WINNING EXPRESS CARWASH WITH LANDHAWTHORNE, CALIFORNIA
Reuven BirnkrantPresident
P (323) [email protected]
The information contained herein is proprietary and strictly confidential. The purpose of this Offering Memorandum is to provideunverified information to prospective buyers in order to establish a preliminary level of interest in the property. All prospective buyers are urged to perform a thorough due diligence investigation and rely solely upon their investigation as well as consult their own attorneys, brokers, consultants or other relevant professional. The information contained herein is not a substitute for saidinvestigation. The information contained herein was obtained from sources believed to be reliable, however, PetroCal Associates has not verified and will not verify any of the information contained herein. PetroCal Associates makes no guarantees, warranties or representations as to the completeness or accuracy of the information contained herein. PetroCal Associates has not made any investigation, and makes no warranty or representation, including but not limited to with respect to the income or expenses for the subject property, the expected future financial performance of the property, the size and square footage of the property and improvements, the physical condition of the improvements, the presence or absence of hazardous materials or substances, compliance with State and Federal regulations, or suitability of the property for its current and/or any other use or development. The presentation of this property is submitted subject to errors, omissions, withdrawal, change of price or conditions and is not intended to be an offer subject of acceptance by any prospective buyer and shall not create or be able to create any binding obligation of any party, unless and until a formal offer/acceptance executed by the seller(s) and buyer(s) which may or may not contain any of the terms referenced or mentioned herein. Financing availability, terms, and conditions are subject to lenders’ credit policies; no guaranty or representation is made herein regarding the availability, terms, conditions, or nature of any financing. This is for informational purposes only and does not constitute a legal offer. PetroCal Associates represents only the offeror and absent fully executed written agreement in compliance with all laws will not represent the recipient of this Offering Memorandum.
I. Executive Summary
IV. Demographics & Traffic
III. Aerials & Maps
II. Information & Highlights
V. Car Wash Information
VI. Contact Info
Green Forest Car Wash
I. Executive SummaryGreen Forest Car Wash
PetroCal Associates is pleased to offer a unique opportunity to acquire an award winning, high volume express exterior carwash with land in a prime South Bay location. 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, Location, Location - Situated on West Rosecrans Avenue, a major retail corridor off I-405, with
daily traffic counts exceeding 35,000 cars/day Trade Area - Located in one of the most densely populated areas of Los Angeles County with nearly
300,000 residents and nearly 80,000 employees in a 3 mile radius Neighborhood - Surrounded by a full complement of retailers including a nearly 600,000 SF power center
anchored by Wal-Mart and Home Depot Limited Competition – Closest express car wash competitor is over 2 miles away
Green Forest Car Wash was developed by Tricia Knott and washed its first car in 2009. The business and facility highlights include: Eight full years of operations, all of which have been profitable 2016 was the strongest year since opening, continuing the trend of increasing revenue, cars washed, and
profitability Two-time winner of the SoCal Environmental Excellence Development Award State of the art water reclaim system that recycles 100% of the water used on-site An NS Wash Systems tunnel capable of accommodating over 100 cars per hour
Green Forest Car Wash succeeds in differentiating itself from the competition with its unique rainforest theme that is fun for all ages. From the rainforest mural to the elephant foamers inside the tunnel, to the life-like animal statues outside the tunnel, the rainforest theme makes the car wash fun for all ages yielding customer loyalty benefiting ownership. One can capitalize on said customer loyalty via the introduction of monthly unlimited wash membership packages or by increasing prices, both of which translate to increased profitability.
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 Green Forest Car Wash provides an attractive acquisition opportunity.
EXECUTIVE SUMMARY
II. Information & HighlightsGreen Forest Car Wash
Interest OfferedFee Simple
Offering Price$4,995,000
Property Address4649 W Rosecrans Avenue Hawthorne, CA 90250
APN4043-030-040
Year Built2009
Lot Size~18,378 SF / 0.42 acres
Building Size2,814 SF
Carwash Features90 ft tunnel, 2 pay stationsand 16 vacuum stalls
FinancingEligible for SBA Financing
INFORMATION HIGHLIGHTS
Investment Highlights Well-established express exterior car wash in its 8th year of successful and
profitable operations with various avenues to achieve continued growth
2016 was the car wash’s strongest year since opening as measured by revenue, cars washed, and profitability
Prime South Bay location surrounded by a full complement of retail and services including a nearly 600,000 SF power center
Situated less than 1 mile from I-405 on a highly trafficked thoroughfare with over 35,000 cars per day
Densely populated trade area with nearly 300,000 residents and nearly 80,000 employees in a 3 mile radius
Car Counts & Financials To be sent upon request with a signed Non Disclosure Agreement
Site Visits Prospective Buyers are prohibited from discussing sale with any employees of
Green Forest Car Wash
All site visits must be scheduled in advance with Reuven Birnkrant of PetroCal Associates via phone at (323)963-4643 or via email at [email protected]
III. Aerials & MapsGreen Forest Car Wash
Hawthorne, CA. Home of the Beach Boys,Hawthorne, California is an incorporated city insouthwestern Los Angeles County. The city islocated southeast of Los Angeles InternationalAirport, south of the city of Inglewood, hometo the new stadium complex for the LosAngeles Rams, and a short distance from theSouth Bay beach cities. Within 3 miles of thecar wash there are over 298,000 residents andover 97,882 households with a median incomeexceeding $68,000. Population growth isexpected to increase by 4.3% over the next fiveyears. Additionally, over 78,000 work within 3miles of the car wash. With an average of 282days per year of sun, the demographics andweather of Hawthorne make it the perfect cityfor a high volume express exterior car wash.
LOCATION MAP
SUBJECTHawthorne
Los Angeles International
Airport
Santa Monica
Inglewood
East LosAngeles
South Gate
Torrance
ManhattanBeach
HermosaBeach
RedondoBeach
El Segundo
Lynwood
Huntington Park
Ladera HeightsMarina Del Rey
Culver City
AERIAL VIEW WEST
LAWNDALE HIGH SCHOOL
ATTENDANCE: 2,364
OCEANGATECOMMERCE CENTER
SUBJECT
PRAIRIE AVE & ROSECRANS AVE
LEUZINGER HIGH SCHOOL
ATTENDANCE: 1,726
HAWTHORNE BLVD & ROSECRANS AVEAERIAL VIEW EAST
SUBJECT
IV. Demographics & TrafficGreen Forest Car Wash
DEMOGRAPHICS
1 Mile 3 Mile 5 Mile
Daytime Employees 3,561 78,409 224,490
Population 2010 39,445 288,442 611,815
Population 2016 40,965 298,835 633,869
Pop Growth 2010 to 2016 3.85% 3.60% 3.60%
Pop Growth 2016 to 2021 4.33% 4.30% 4.29%
Households 2016 12,817 97,882 220,319
Median Income $60,653 $68,533 $69,162
TRAFFIC WEST
Interstate 405 (306,186 ADT)
SUBJECT
El Segundo
Hawthorne
Lawndale
TRAFFIC EAST
SUBJECT
Hawthorne
V. Car Wash InformationGreen Forest Car Wash
SITE PLAN
Current Wash Options Three Wash Packages
$6 Jungle Wash
$8 Bubblecano Wash
$10 Volcano Wash
Basic Wash Services - Soft Lamms Cloth Rub, Wheel Brite, Spot Free Rinse, Power Air Dry, and Self Serve Vacuums
Premium Wash Services
Bubblecano Foam Bath - An extra special themed wash. This soap applicator lights up as it gives your car an upgraded soap for that extra shine.
RainX Application - Covers your car with a coat of RainX to make rain and water bead on treated surfaces so that it will fall off on contact. No need for drying or windshield wipers after a fresh coat!
Armor All® Tire Shine - Rejuvenates, protects, and shines tires without drying out.
Blue Coral Wax - Wax seals and protects your paint job, an important part of exterior car care! Also provides a noticeably glossier shine that will make your car stand out.
Current Reward Program Thanx Reward Program - Get $5 after spending $50
Uber & Lyft Driver Rewards Program – $2 off a Bubblecano Wash or Volcano Wash
CAR WASH SERVICES
Tunnel 90-foot conveyor capable of processing 100 cars/hour NS Wash Systems equipment including: 2 Bubblizers; 2
Vehicle Wraps; 2 Mitter Curtains; 3 Arches incl Fresh H2O w/drying agent, RainX, RO; Tire Shiner; Water Reclaim System; Dryers
Reverse Osmosis H2O treatment system with 1,500 gal holding tank
Above ground clarifier Sonny’s WashPilot tunnel controller
Entry Two Unitec pay stations Two CAME gates Hamilton gate controller
Vacuums Two 20-hp vacuums servicing 16 vacuum stalls
Improvements 2,058 SF wash bay, 292 SF office, 464 SF equip room Framing/Construction: Mixed (metal frame, wood
frame, CMU block) Foundation: Reinforced concrete slab on grade Flooring: Sealed concrete Interior Finishes: Drywall Exterior Finishes: Stucco, metal paneling Doors/Windows: Various Roof: Mixed (built up roofing and metal panel)
EQUIPMENT & IMPROVEMENTS
VI. Contact InformationGreen Forest Car Wash
Reuven BirnkrantPresident
P (323) [email protected]
CalBRE#: 01923115
PetroCal Associates11965 Venice Blvd, Suite 400
Los Angeles, CA 90066www.PetroCalAssociates.com
CalBRE#: 01929754
