Michael Richetelli, President and Designated Broker of Colonial Properties, Inc., is pleased to announce the completion of the following transaction.
Michael Richetelli and Fred A. Messore, Senior Vice President with Colonial Properties brokered the sale of Bothers 4 Car Wash at 926 Boston Post Road in West Haven for $425,000. The sale included a long standing, fully operational car wash business with two buildings totaling 7,000SF on 1 acre of land. The Seller was A&M Car Washes, represented by Attorney John Resnik of Resnik & Resnik in Woodbridge. The Buyer was JBC Realty, represented by Al Ippolito of Fasano, Ippoloito & Lee in New Haven. Richetelli and Messore were the only Brokers in the transaction. The new owners will continue to operate the property as Budget Car Wash. “Brothers 4 Car Wash has been a landmark business in West Haven for over 30 years and thus garnered significant interest when we took this opportunity to the market. We’re pleased to have brokered a transaction where both parties walked away very satisfied”, said Richetelli.
Colonial Properties, Inc., founded in 1978, is a full service Commercial and Residential Real Estate Brokerage, located in Orange, CT. The firm handles all types of real estate transactions including the sale and leasing of retail, industrial, office, investment properties, and residential properties, as well as brokering land and business sales.
