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CWB
Inc. was founded by Roger A. Pencek (existing President / Broker) and have
been selling car washes and gas stations since 1985. Our specific mission is to
market and sell car washes throughout the entire USA. Over the
years and hundreds of car wash businesses sold, a reoccurring obstacle and
often “deal breaker” in the process of selling a carwash, is the
lack of complete and professionally assembled information.
When a car
wash is typically listed for sale, the seller transfers “Bit by Bit”
information relating to the business to the broker to entice a buyer. The
“Big Problem” is that while the seller is an expert in operating
the car wash or gas station, they are not experienced in planning, pricing, organizing
books and records in preparation of marketing their business for sale.
Statistics prove that only 18% of all car washes on the market are
salable!! To maintain the attention of that valuable buyer, all the
pertinent information must be assembled at once to avoid buyers
losing interest and going elsewhere.
Paramount to the sales process is to get all the complete information
upfront for multiple buyers to review. The buyer’s accountants
and lenders can then immediately start mustering the seller’s books
and records and simultaneously appraisers can begin their study since all
the facts are available. The obvious delay factor “time”, which is
the common “deal breaker”, is avoided and close escrow is the
eminent. Look to our REFERENCE
section of this web site and call any of the contacts as to their opinion
of this process!
The simple solution is to “package” each business
right from the beginning upon listing the business for sale (see our
REFERENCE list). CWB INC. has
developed a streamline method from proven history that these packages lead
to fast and uncomplicated closings!!! Once the package is completed
(within 14 days of receipt of all the items from seller) an
immediate “Fast Track” of
simultaneous events takes place. Buyers are impressed and passionate with
the deal, lenders can process loans and appraisers are expedited by a
minimum of 50% of the traditional time!
CWB’S
SOLE PURPOSE OF PROVIDING THIS
“PACKAGE”
OPTION TO SELLERS IS PRIMARILY TO PRODUCE THE
“MISSING TOOL” THAT
DELAYS MOST CARWASHES FROM BEING SOLD, AND
PROMOTE PROFFESSIONALISM THRU EFFECENCY!!
NOW THE DETAILS
Upon the seller authorizing our 12
month Exclusive Listing Agreement at the Seller's option to package, a $5K packaging fee will be
collected. Now read on—that $5K is
credited back to the seller,
from CWB's commission direct and thru close of escrow—so it’s free! The
absolute advantage to the seller here is to put their emphasis in
collecting the essential paperwork needed to sell their business and arm their business and
arm us to assemble all of it into a
“BANK AND
BUYER READY
PACKAGE” to sell it! The seller will
be given our standard ‘packaging list’ of items that needs to be assembled
(NOTE: each carwash will be customized due
to their particularities). From the time
we receive all the items and any other specifics needed as to the
particulars to that business in its entirety, the “package” will be
completed
within 10 working days (with 5
complete copies, one for the sellers file)!
We have
groomed with perfection these proven packages and can now proudly
offer to car wash sellers that “option” to pay for the packaging fee of
$5K (Some may be higher due to the sophistication of the business- non
refundable per car wash business listed). The $5K fee will be then
credited directly back to the seller at Close of Escrow directly from
Brokers Commission, therefore it’s at no cost to the seller!!
In addition to this “package credit”, our
standard commission of 9% for the 1st million dollars sales
price will be reduced to 8%, second million dollars of sales
price at 7% and third million dollars or sales price – to last million
dollars of sales price 5% commission unchanged. Sellers now have the
opportunity to have us get their listing in the hands of buyers faster
and closings less complicated—at a lower commission!
Call us for a “Snap Shot”
of our current packages in process, but here is mere sample of the 30+
items assembled in a typical car wash package:
1)
Sellers last 3 years IRS Tax Returns (Re: Business)
2)
Sellers last 3 years P & L’s
3)
Last 12 months rolling P & L’s
4)
“Recast” perks and EBITDA
5)
Complete equipment list and personal property
6)
Employee list with ADP or payroll information
7)
DAB; or similar monthly car wash reports
8)
“Recast” Sellers financial position.
In the event
the "packaged business" is not sold during the 12 month exclusive listing period, the seller can upon mutual written agreement with us, extend for 12
additional months and refresh the original “package” at no charge! The
previous credit to seller for the package fee and discounted commission
will remain in effect for sellers benefit upon closing. Sellers will have
the option to direct us to Co-Broke with other brokers only under
expressed written mutual consent of the Seller.
Upon written engagement (listing) with us and $5K paid to produce the “package”, the seller
will immediately be given the list of the 30+ items that they must
produce to complete the
package.
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