1588 US Hwy 1, Vero Beach, FL, 32960
Waves Auto Spa
Key Information
Highlights
• Turnkey Car Wash & Automotive Service Business: Opportunity to acquire both the real estate and operating business, allowing investors to immediately benefit from an established operation with strong upside.
• Newly Renovated: In 2022, the wash was converted from a full-service model to a flex wash. Ownership installed a brand-new tunnel system along with three pay stations, creating a more efficient and scalable operation.
• Premium 100′ MacNeil Tunnel System: The property is equipped with a 100-foot MacNeil express tunnel, featuring one of the most respected equipment manufacturers known for durability, wash quality, and operational reliability.
• Pricing Opportunity: There may be an opportunity to drive additional volume by adjusting monthly membership pricing. The current lowest club plan is priced at $31.99, leaving room to explore a more competitive entry-level option.
• Premier U.S. Highway 1 Frontage: The property enjoys excellent visibility and accessibility along U.S. Highway 1, one of Florida’s most historic and heavily traveled commercial corridors. Featuring full northbound and southbound access, the site provides convenient ingress and egress for customers traveling in either direction.
• Full Express Conversion Opportunity: The lot sits on 1.07 Acres with plenty of room to install more vacuums and transition into a full express model. Additionality this would allow the car wash to be operated longer with hours business hours. The car wash currently shuts down at 3PM on Sunday.
• Prime Retail Corridor: The property sits in a highly trafficked area with Publix, Walmart, Chick-Fil-a, Five Guys, Planet Fitness, Jersey Mike’s, Chase Bank, Starbucks, Advance Auto Parts, Tractor Supply, Cinemaworld, CVS/Walgreens, McDonald’s, and several other high-profile retailers in the immediate vicinity.
• Exclusive Market Opportunity: As the only car wash currently available for sale in Vero Beach, this offering stands out in a market with extremely limited acquisition opportunities, creating a unique opportunity for investors seeking exposure to the sector.
• Staple Flex Wash In Vero Beach: Since 2008, Waves Auto Spa has served as a staple in the Vero Beach community. It is one of the only remaining car washes in the market offering full-service wash plans, serving a strong local demographic with an average age of 53+ within a 3-mile radius.
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