• OWNER/USER OPPORTUNITY – Opportunity to acquire the business, building, and underlying real estate.
• STRONG YOY GROWTH – Since opening, The Wash Bar has demonstrated consistent year-over-year growth in wash volume, supported by an expanding membership base and increasing customer retention.
• STREAMLINED MAINTENANCE – Repairs and maintenance are managed through an active service contract with NCS, a nationally recognized equipment service provider.
• RECURRING REVENUE – Established membership program with more than 1,700 active members, generating consistent recurring monthly revenue and providing additional upside through targeted marketing and membership growth initiatives.
• VERSATILE OFFERINGS – Catering to diverse customer profiles, The Wash Bar is equipped with an 85 ft Peco’s tunnel, 3 self-service bays (with a 14 ft bay for oversized vehicles), express detailing services, and 10 vacuums.
• PROXIMITY TO CAMPUS – Within a ±1.5 mile radius from the University of Northern Iowa, which boasts an enrollment of over 10,000 students as of Fall 2023.
• MODERN DEVELOPMENT – The property was built ground-up in 2023, featuring contemporary facilities and minimizing major repair expenses as a turnkey building.
• EXPANSIVE LAND – The property sits on ±1.32 acres, providing ample space for operational activities and future expansion possibilities.
• ADDITIONAL TAX BENEFITS – Car washes qualify for bonus depreciation which can create higher returns on investments. Please consult with CPA for details.
• AFFLUENT DEMOGRAPHIC – Average household income within a 1-mile radius of the property is $113,000.

*Matthews™ does not provide tax, legal or account advice. This is for informational purposes only and is not intended to provide or relied on for tax, legal or accounting advice.