2014 Washington St Stephenville, TX 76401-4002

Property Details for 2014 Washington St

Year built

1954

Property size

4,028 SF

Property type

Commercial real estate

APN

R000031905

APU

R000031905

Description

Exceptional opportunity to acquire a thriving, single-story car wash in Stephenville, Texas. This 3,163 square foot facility, built in 2023, boasts cutting-edge technology and state-of-the-art equipment. Priced at $3,890,000 ($1,229.85/sq ft), this turnkey operation generated nearly $800,000 in revenue in 2023, with EBITDA representing almost 60% of sales. The business benefits from a substantial existing customer base of approximately 1,080 unlimited wash club members. Its prime location, just 500 feet from Tarleton State University (enrollment increased 11% in 2022-2023), provides access to a large student population and benefits from the university's ongoing $317 million development project. Situated on a high-traffic corridor (25,742 vehicles per day) with excellent access, the car wash is surrounded by major national retailers, including H-E-B, Walmart, and others. The Stephenville market currently lacks national car wash competitors, presenting a unique opportunity for market dominance. Significant population growth in the area (17.08% within 1 mile, 23.54% within 3 miles, and 23.31% within 5 miles over the last decade) projects continued expansion, ensuring long-term viability. This is a rare chance to acquire a profitable, established business with significant growth potential in a rapidly expanding market.