Business For Sale - images.bizbuysell.com For Sale Disclosure: We ... Property Summary: ... Estimated Households (2016) 8,369 60,598 146,987 Projected Households (2021) 8,909 63,715

Coin Operated Car Wash in Macomb County16737 E. Nine Mile Rd., Eastpointe, MI

Business For Sale

Disclosure: We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease of financing or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You your tax and legal advisors should conduct your own investigation of the property and transaction.

Property Summary:

• Greatopportunitytoowna6-baycoinoperatedcarwash.• Purchasepriceincludestheland,building,business,andallequipment.• $30,000cashflow(perSeller)withlowworkhours.• Trainingavailable.• AskingPrice:$259,000–Sellerfinancingavailable.

LocationsCommercialRealEstateServices32000NorthwesternHighway,Ste.275FarmingtonHills,MI48334Office:(248)516-7777

Contacts: NadirJiddouDirect:248-939-9975Email:[email protected]

Coin Operated Car Wash16737 E. Nine Mile Rd.Eastpointe, MI

Property Details

• Businesshasbeeninthislocationforover20years.

• Goodpassiveinvestment;per,Seller,newownerwouldonlyneedtoemptythecoinsandrefillthesoapandotherproducts,whichtakesabout10hoursaweek.

• Centralcoinsystemvacuumsthecoinsfromeachbaytothemechanicalroomforhasslefreecollection.

• Allequipmentisingoodworkingcondition.

• Currentownerdoesnotdoanypromotionsoradvertising.Newownercouldeasilyincreasesalesbydoingsomecreativemarketing.

• $60,000grossrevenuewith$30,000cashflow(perSeller).

• Ownerwilltrainfortwoweeks.

• Traffic:18,000ADT.

• AskingPrice:$259,000–Sellerfinancingavailable.



Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography page 1 of 5©2016, Sites USA, Chandler, Arizona, 480-491-1112

This

repo

rt w

as p

rodu

ced

usin

g da

ta fr

om p

rivat

e an

d go

vern

men

t sou

rces

dee

med

to b

e re

liabl

e. T

he in

form

atio

n he

rein

is p

rovi

ded

with

out r

epre

sent

atio

n or

war

rant

y.

EXPANDED PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 42.4651/-82.9493RF5

16737 E 9 Mile Rd1 mi radius 3 mi radius 5 mi radius

Eastpointe, MI 48021-2444

PopulationEstimated Population (2016) 21,119 154,169 368,265Projected Population (2021) 22,079 158,609 378,808Census Population (2010) 20,826 156,864 375,067Census Population (2000) 22,174 173,200 432,619Projected Annual Growth (2016 to 2021) 960 0.9% 4,440 0.6% 10,543 0.6%

Historical Annual Growth (2010 to 2016) 293 0.2% -2,695 -0.3% -6,802 -0.3%

Historical Annual Growth (2000 to 2010) -1,348 -0.6% -16,336 -0.9% -57,552 -1.3%

Estimated Population Density (2016) 6,725 psm 5,455 psm 4,691 psm

Trade Area Size 3.14 sq mi 28.26 sq mi 78.51 sq mi

HouseholdsEstimated Households (2016) 8,369 60,598 146,987Projected Households (2021) 8,909 63,715 154,671Census Households (2010) 8,067 59,814 145,059Census Households (2000) 8,820 65,737 161,932Estimated Households with Children (2016) 2,854 34.1% 20,418 33.7% 46,944 31.9%

Estimated Average Household Size (2016) 2.52 2.53 2.49

Average Household IncomeEstimated Average Household Income (2016) $51,422 $52,931 $58,601Projected Average Household Income (2021) $58,436 $59,513 $66,670

Estimated Average Family Income (2016) $60,430 $60,777 $69,281

Median Household IncomeEstimated Median Household Income (2016) $42,062 $44,959 $48,108Projected Median Household Income (2021) $45,965 $49,105 $52,531

Estimated Median Family Income (2016) $53,004 $53,709 $59,067

Per Capita IncomeEstimated Per Capita Income (2016) $20,382 $20,845 $23,436Projected Per Capita Income (2021) $23,584 $23,946 $27,266Estimated Per Capita Income 5 Year Growth $3,202 15.7% $3,101 14.9% $3,831 16.3%

Estimated Average Household Net Worth (2016) $236,334 $265,475 $320,960

Daytime Demos (2016)Total Businesses 730 5,406 12,458Total Employees 4,375 47,819 127,201Company Headquarter Businesses 1 0.1% 23 0.4% 41 0.3%

Company Headquarter Employees 20 0.5% 3,167 6.6% 5,975 4.7%

Employee Population per Business 6.0 8.8 10.2Residential Population per Business 28.9 28.5 29.6



This

repo

rt w

as p

rodu

ced

usin

g da

ta fr

om p

rivat

e an

d go

vern

men

t sou

rces

dee

med

to b

e re

liabl

e. T

he in

form

atio

n he

rein

is p

rovi

ded

with

out r

epre

sent

atio

n or

war

rant

y.


Lat/Lon: 42.4651/-82.9493RF5



Race & EthnicityWhite (2016) 13,173 62.4% 90,538 58.7% 210,362 57.1%Black or African American (2016) 6,817 32.3% 55,051 35.7% 137,980 37.5%American Indian or Alaska Native (2016) 78 0.4% 463 0.3% 1,140 0.3%Asian (2016) 350 1.7% 3,423 2.2% 8,403 2.3%Hawaiian or Pacific Islander (2016) 4 - 15 - 43 - Other Race (2016) 87 0.4% 613 0.4% 1,319 0.4%Two or More Races (2016) 611 2.9% 4,066 2.6% 9,018 2.4%

Not Hispanic or Latino Population (2016) 20,662 97.8% 150,791 97.8% 360,585 97.9%Hispanic or Latino Population (2016) 457 2.2% 3,378 2.2% 7,680 2.1%Not Hispanic or Latino Population (2021) 21,450 97.2% 154,050 97.1% 368,375 97.2%Hispanic or Latino Population (2021) 629 2.8% 4,559 2.9% 10,432 2.8%Not Hispanic or Latino Population (2010) 20,406 98.0% 154,084 98.2% 369,039 98.4%Hispanic or Latino Population (2010) 420 2.0% 2,780 1.8% 6,028 1.6%Not Hispanic or Latino Population (2000) 21,864 98.6% 170,939 98.7% 427,690 98.9%Hispanic or Latino Population (2000) 310 1.4% 2,261 1.3% 4,929 1.1%Projected Hispanic Annual Growth (2016 to 2021) 172 7.5% 1,181 7.0% 2,752 7.2%Historic Hispanic Annual Growth (2000 to 2016) 147 3.0% 1,117 3.1% 2,751 3.5%

Age Distribution (2016)Age Under 5 1,302 6.2% 9,926 6.4% 22,874 6.2%Age 5 to 9 Years 1,403 6.6% 9,914 6.4% 22,870 6.2%Age 10 to 14 Years 1,457 6.9% 10,605 6.9% 24,157 6.6%Age 15 to 19 Years 1,489 7.1% 10,856 7.0% 25,086 6.8%Age 20 to 24 Years 1,407 6.7% 10,520 6.8% 25,150 6.8%Age 25 to 29 Years 1,500 7.1% 11,027 7.2% 25,576 6.9%Age 30 to 34 Years 1,583 7.5% 10,557 6.8% 23,027 6.3%Age 35 to 39 Years 1,410 6.7% 9,688 6.3% 21,460 5.8%Age 40 to 44 Years 1,408 6.7% 9,920 6.4% 22,874 6.2%Age 45 to 49 Years 1,422 6.7% 10,467 6.8% 24,592 6.7%Age 50 to 54 Years 1,541 7.3% 11,209 7.3% 26,592 7.2%Age 55 to 59 Years 1,445 6.8% 10,705 6.9% 26,549 7.2%Age 60 to 64 Years 1,157 5.5% 8,339 5.4% 21,708 5.9%Age 65 to 74 Years 1,331 6.3% 10,538 6.8% 29,670 8.1%Age 75 to 84 Years 793 3.8% 6,386 4.1% 17,004 4.6%Age 85 Years or Over 471 2.2% 3,513 2.3% 9,077 2.5%Median Age 35.7 36.1 37.8

Gender Age Distribution (2016)Female Population 10,947 51.8% 80,347 52.1% 192,946 52.4%

Age 0 to 19 Years 2,702 24.7% 20,032 24.9% 46,368 24.0%Age 20 to 64 Years 6,698 61.2% 47,996 59.7% 113,354 58.7%Age 65 Years or Over 1,548 14.1% 12,320 15.3% 33,224 17.2%

Female Median Age 37.3 37.9 39.5

Male Population 10,172 48.2% 73,822 47.9% 175,319 47.6%Age 0 to 19 Years 2,949 29.0% 21,269 28.8% 48,618 27.7%Age 20 to 64 Years 6,175 60.7% 44,436 60.2% 104,173 59.4%Age 65 Years or Over 1,047 10.3% 8,117 11.0% 22,528 12.8%

Male Median Age 34.0 34.2 35.8



This

repo

rt w

as p

rodu

ced

usin

g da

ta fr

om p

rivat

e an

d go

vern

men

t sou

rces

dee

med

to b

e re

liabl

e. T

he in

form

atio

n he

rein

is p

rovi

ded

with

out r

epre

sent

atio

n or

war

rant

y.


Lat/Lon: 42.4651/-82.9493RF5



Household Income Distribution (2016)HH Income $200,000 or More 68 0.8% 556 0.9% 3,373 2.3%HH Income $150,000 to $199,999 141 1.7% 1,439 2.4% 4,483 3.0%HH Income $100,000 to $149,999 592 7.1% 5,325 8.8% 14,204 9.7%HH Income $75,000 to $99,999 1,054 12.6% 7,215 11.9% 16,833 11.5%HH Income $50,000 to $74,999 1,671 20.0% 11,906 19.6% 26,497 18.0%HH Income $35,000 to $49,999 1,326 15.8% 9,793 16.2% 22,317 15.2%HH Income $25,000 to $34,999 950 11.3% 7,200 11.9% 16,193 11.0%HH Income $15,000 to $24,999 970 11.6% 7,491 12.4% 18,631 12.7%HH Income Under $15,000 1,598 19.1% 9,673 16.0% 24,456 16.6%

HH Income $35,000 or More 4,852 58.0% 36,234 59.8% 87,708 59.7%HH Income $75,000 or More 1,855 22.2% 14,535 24.0% 38,893 26.5%

Housing (2016)Total Housing Units 8,852 66,357 162,384Housing Units Occupied 8,369 94.5% 60,598 91.3% 146,987 90.5%

Housing Units Owner-Occupied 6,400 76.5% 44,447 73.3% 103,145 70.2%Housing Units, Renter-Occupied 1,969 23.5% 16,151 26.7% 43,842 29.8%

Housing Units, Vacant 483 5.5% 5,760 8.7% 15,397 9.5%

Marital Status (2016)Never Married 6,129 36.1% 46,616 37.7% 114,025 38.2%Currently Married 7,195 42.4% 48,741 39.4% 114,560 38.4%Separated 360 2.1% 3,949 3.2% 10,778 3.6%Widowed 1,292 7.6% 8,954 7.2% 22,812 7.6%Divorced 1,981 11.7% 15,464 12.5% 36,189 12.1%

Household Type (2016)Population Family 17,448 82.6% 127,761 82.9% 303,165 82.3%Population Non-Family 3,656 17.3% 25,499 16.5% 62,559 17.0%Population Group Quarters 15 0.1% 909 0.6% 2,541 0.7%

Family Households 5,344 63.9% 39,257 64.8% 93,778 63.8%Non-Family Households 3,025 36.1% 21,340 35.2% 53,209 36.2%Married Couple with Children 1,469 20.4% 9,706 19.9% 22,111 19.3%Average Family Household Size 3.3 3.3 3.2

Household Size (2016)1 Person Households 2,537 30.3% 18,021 29.7% 45,642 31.1%2 Person Households 2,347 28.0% 17,838 29.4% 43,754 29.8%3 Person Households 1,443 17.2% 10,155 16.8% 23,532 16.0%4 Person Households 1,127 13.5% 7,766 12.8% 18,021 12.3%5 Person Households 545 6.5% 3,957 6.5% 9,118 6.2%6 or More Person Households 369 4.4% 2,861 4.7% 6,919 4.7%

Household Vehicles (2016)Households with 0 Vehicles Available 612 7.3% 5,573 9.2% 15,820 10.8%Households with 1 Vehicles Available 3,383 40.4% 24,700 40.8% 59,263 40.3%Households with 2 or More Vehicles Available 4,374 52.3% 30,325 50.0% 71,904 48.9%

Total Vehicles Available 14,198 97,107 231,300Average Vehicles Per Household 1.7 1.6 1.6



This

repo

rt w

as p

rodu

ced

usin

g da

ta fr

om p

rivat

e an

d go

vern

men

t sou

rces

dee

med

to b

e re

liabl

e. T

he in

form

atio

n he

rein

is p

rovi

ded

with

out r

epre

sent

atio

n or

war

rant

y.


Lat/Lon: 42.4651/-82.9493RF5



Labor Force (2016)Estimated Labor Population Age 16 Years or Over 16,661 121,590 293,398Estimated Civilian Employed 9,738 58.5% 71,051 58.4% 165,683 56.5%Estimated Civilian Unemployed 711 4.3% 4,688 3.9% 10,458 3.6%Estimated in Armed Forces - - 76 0.1% 131 - Estimated Not in Labor Force 6,211 37.3% 45,775 37.6% 117,125 39.9%Unemployment Rate 4.3% 3.9% 3.6%

Occupation (2010)Occupation: Population Age 16 Years or Over 8,985 63,003 145,909Management, Business, Financial Operations 823 9.2% 6,686 10.6% 16,101 11.0%Professional, Related 1,479 16.5% 10,940 17.4% 26,430 18.1%Service 1,993 22.2% 13,741 21.8% 31,449 21.6%Sales, Office 2,561 28.5% 17,015 27.0% 39,766 27.3%Farming, Fishing, Forestry 22 0.2% 194 0.3% 319 0.2%Construct, Extraction, Maintenance 654 7.3% 4,630 7.3% 9,930 6.8%Production, Transport Material Moving 1,454 16.2% 9,797 15.5% 21,913 15.0%

White Collar Workers 4,863 54.1% 34,641 55.0% 82,297 56.4%Blue Collar Workers 4,122 45.9% 28,362 45.0% 63,612 43.6%

Consumer Expenditure (2016)Total Household Expenditure $372 M $2.75 B $7.08 B

Total Non-Retail Expenditure $201 M 53.8% $1.48 B 53.9% $3.82 B 54.0%Total Retail Expenditure $172 M 46.2% $1.27 B 46.1% $3.26 B 46.0%

Apparel $12.9 M 3.5% $95.2 M 3.5% $246 M 3.5%Contributions $14.2 M 3.8% $107 M 3.9% $289 M 4.1%Education $12.1 M 3.2% $90.2 M 3.3% $245 M 3.5%Entertainment $20.5 M 5.5% $152 M 5.5% $393 M 5.6%Food and Beverages $56.4 M 15.1% $414 M 15.1% $1.06 B 14.9%Furnishings and Equipment $12.2 M 3.3% $90.9 M 3.3% $237 M 3.3%Gifts $8.31 M 2.2% $62.4 M 2.3% $167 M 2.4%Health Care $31.4 M 8.4% $230 M 8.4% $585 M 8.3%Household Operations $9.75 M 2.6% $72.8 M 2.7% $193 M 2.7%Miscellaneous Expenses $5.64 M 1.5% $41.4 M 1.5% $106 M 1.5%Personal Care $4.86 M 1.3% $35.8 M 1.3% $92.1 M 1.3%Personal Insurance $2.50 M 0.7% $18.7 M 0.7% $49.9 M 0.7%Reading $813 K 0.2% $6.02 M 0.2% $15.6 M 0.2%Shelter $76.6 M 20.6% $565 M 20.6% $1.46 B 20.6%Tobacco $2.62 M 0.7% $18.9 M 0.7% $46.9 M 0.7%Transportation $72.1 M 19.4% $530 M 19.3% $1.35 B 19.1%Utilities $29.6 M 7.9% $216 M 7.9% $548 M 7.7%

Educational Attainment (2016)Adult Population Age 25 Years or Over 14,061 102,348 248,128Elementary (Grade Level 0 to 8) 490 3.5% 3,173 3.1% 8,089 3.3%Some High School (Grade Level 9 to 11) 1,609 11.4% 10,833 10.6% 26,172 10.5%High School Graduate 4,929 35.1% 35,268 34.5% 81,504 32.8%Some College 3,738 26.6% 26,385 25.8% 63,242 25.5%Associate Degree Only 1,401 10.0% 9,949 9.7% 23,268 9.4%Bachelor Degree Only 1,276 9.1% 11,155 10.9% 28,868 11.6%Graduate Degree 618 4.4% 5,586 5.5% 16,986 6.8%



This

repo

rt w

as p

rodu

ced

usin

g da

ta fr

om p

rivat

e an

d go

vern

men

t sou

rces

dee

med

to b

e re

liabl

e. T

he in

form

atio

n he

rein

is p

rovi

ded

with

out r

epre

sent

atio

n or

war

rant

y.


Lat/Lon: 42.4651/-82.9493RF5



Units In Structure (2010)1 Detached Unit 7,195 89.2% 51,417 86.0% 117,519 81.0%1 Attached Unit 191 2.4% 2,003 3.3% 6,498 4.5%2 to 4 Units 152 1.9% 1,655 2.8% 5,617 3.9%5 to 9 Units 143 1.8% 1,885 3.2% 5,847 4.0%10 to 19 Units 37 0.5% 1,151 1.9% 3,083 2.1%20 to 49 Units 37 0.5% 409 0.7% 1,683 1.2%50 or More Units 248 3.1% 708 1.2% 3,496 2.4%Mobile Home or Trailer 63 0.8% 586 1.0% 1,311 0.9%Other Structure - - - - 3 -

Homes Built By Year (2010)Homes Built 2005 or later 129 1.6% 870 1.5% 2,156 1.5%Homes Built 2000 to 2004 187 2.3% 1,730 2.9% 4,117 2.8%Homes Built 1990 to 1999 517 6.4% 3,278 5.5% 7,994 5.5%Homes Built 1980 to 1989 446 5.5% 3,119 5.2% 8,020 5.5%Homes Built 1970 to 1979 714 8.9% 5,744 9.6% 15,726 10.8%Homes Built 1960 to 1969 821 10.2% 7,744 12.9% 23,299 16.1%Homes Built 1950 to 1959 2,913 36.1% 21,736 36.3% 43,961 30.3%Homes Built Before 1949 2,339 29.0% 15,593 26.1% 39,787 27.4%

Home Values (2010)Home Values $1,000,000 or More 12 0.2% 96 0.2% 387 0.4%Home Values $500,000 to $999,999 42 0.7% 342 0.8% 1,294 1.3%Home Values $400,000 to $499,999 34 0.5% 277 0.6% 1,162 1.1%Home Values $300,000 to $399,999 113 1.8% 862 2.0% 2,910 2.8%Home Values $200,000 to $299,999 311 5.0% 2,909 6.6% 8,202 8.0%Home Values $150,000 to $199,999 596 9.7% 5,677 12.9% 15,526 15.2%Home Values $100,000 to $149,999 2,100 34.1% 13,081 29.8% 26,872 26.3%Home Values $70,000 to $99,999 1,362 22.1% 9,616 21.9% 20,614 20.2%Home Values $50,000 to $69,999 714 11.6% 4,932 11.2% 11,252 11.0%Home Values $25,000 to $49,999 646 10.5% 4,031 9.2% 8,984 8.8%Home Values Under $25,000 235 3.8% 2,055 4.7% 5,086 5.0%Owner-Occupied Median Home Value $101,916 $106,677 $116,217Renter-Occupied Median Rent $710 $688 $640

Transportation To Work (2010)Drive to Work Alone 7,538 85.1% 51,983 84.2% 119,138 83.7%Drive to Work in Carpool 845 9.5% 5,447 8.8% 12,230 8.6%Travel to Work by Public Transportation 100 1.1% 1,257 2.0% 3,422 2.4%Drive to Work on Motorcycle 15 0.2% 72 0.1% 138 0.1%Walk or Bicycle to Work 114 1.3% 902 1.5% 2,260 1.6%Other Means 89 1.0% 598 1.0% 1,297 0.9%Work at Home 157 1.8% 1,479 2.4% 3,805 2.7%

Travel Time (2010)Travel to Work in 14 Minutes or Less 2,113 24.3% 14,209 23.6% 31,948 23.1%Travel to Work in 15 to 29 Minutes 3,489 40.1% 23,589 39.1% 54,509 39.4%Travel to Work in 30 to 59 Minutes 2,717 31.2% 19,417 32.2% 44,712 32.3%Travel to Work in 60 Minutes or More 382 4.4% 3,043 5.1% 7,317 5.3%Average Minutes Travel to Work 23.1 23.1 23.2


Documents

Business For Sale - images.bizbuysell.com For Sale Disclosure: We ... Property Summary: ... Estimated Households (2016) 8,369 60,598 146,987 Projected Households (2021) 8,909 63,715