Lacon Spot Free Car Wash1121 5th St, Lacon, IL 61540

July 2020

Asking Price: $325,000

Disclaimer

This document is for the confidential use of the party(s) to whom it has been sent by CWA for the sole

purpose of assisting in its evaluation of the transaction. By its receipt of this presentation, the recipient agrees

that this information will not be used for any other purpose. Although based on sources we believe reliable,

no representation or warranty is made by CWA as to accuracy or completeness.

The information and analyses presented in this document are based on various assumptions that management

believes are correct. There can be no assurance that management’s views are accurate or that management’s

projections will be realized.

THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN

OFFER TO BUY ANY SECURITIES.

Car Wash Advisory LLC is a Wyoming based registered LLC. Car Wash Advisory provides comprehensive

M&A advisory and brokerage services. All real estate related transactions are conducted through REAL

BROKER COMMERCIAL LLC, a licensed Real Estate Broker for which Harry H. Caruso is a licensee.

Requests for additional information or other communications should be directed to Car Wash Advisory LLC

at (203) 858-6875

Business Overview

Company Overview

Site & FacilityLand:

• 0.27 acres

Facilities:

• One In-Bay Automatic

• Two Self Serve Bays

FF&E

• +$100k in equip upgrades since 2017

• Ample spare parts and inventory included

Lacon Spot Free Car Wash is an In-Bay Automatic

+ Self Serve Combo Car Wash with two ancillary

income sources in addition to the core wash

services and offerings.

• Bought by current owner in 2017

• Real Estate is owned and included in sale

• Ancillary income sources (ATM w/ Long

Term and Locked in Contract and Purified

Water Sales)

Financial Overview

3

Personnel

• Rare opportunities that allows a new owner to be

completely absentee and successful

• Current owner has hired an experienced care

taker to handle all daily responsibilities (machine

maintenance, trash pickup, money collection, and

chemical and supply refills)

Lacon Spot Free Car Wash

2017 2018 (1)

2019

Wash Sales $76,230 $79,986 $90,018

ATM Sales 7,800 7,800 9,000

Purified Water Sales 4,200 4,200 4,200

Total Revenue - Adj. $88,230 $91,986 $103,218

Total Cash Expenses ($41,053) ($36,089) ($41,055)

EBITDA $47,177 $55,897 $62,164

EBITDA Margin 53% 61% 60%

Notes:

(1) During 2018 - the automatic wash was closed for 12 weeks for equip upgrade

Site Layout

4

1121 5th St, Lacon, IL 61540

100 ft

85 ft

0.27 acres

Exterior

5

In-Bay Automatic

6

In-Bay Automatic (cont’d)

7

8

In-Bay Automatic (cont’d)

9

In-Bay Automatic (cont’d)

Demographics Over Time

Age

Households

10

Population

Income

2014 2016 2018 CAGR

Lacon IL 1,759 1,837 1,815 0.4%

2014 2016 2018 CAGR

Lacon IL 726 802 738 0.2%

2014 2016 2018 CAGR

Lacon IL $53,135 $48,786 $50,135 (0.8%)

2014 2016 2018 CAGR

Lacon IL 49.1 45.1 46.2 NM