Car Wash Facilities
Asset: Three (3) car wash operations
Property Type: Operation of cash-flowing businesses
Location: Bryn Mawr, Flourtown, and Norristown, PA
Acquired: February 2007
Status: Unrealized
Business Plan: Renovate, implement new marketing
strategies, improve efficiencies of operations and lower costs
Underlying real estate will have potential for redevelopment
opportunity sometime in 2010.
Projected Return: 51.21% IRR (four (4) year hold time)
Projected Cash Multiple: 2.50x