Recent content by BadMoonRyzen

Thanks for the reply, and to others who replied I maybe didn't quote directly. That's good to know how competitive it is in this area. I am no longer interested in the original wash, and, it seems no wash at all since the competition is so fierce. And I have noticed all the express washes...

Just remember the wise words of uncles Warren Buffet when it comes to investing.....stocks, bonds, car washes etc. "There are just 2 rules to investing, 1) Don't ever lose money and 2) Remember rule #1" Exactly!! Ok, this definately confirms it. I'm bummed about it but if the deal doesn't...

Ok, that makes sense. I just wanted to make sure I was interpreting the numbers correctly. Seems pretty evident but I am new to this so this helps me confirm it. Thanks! And agreed about the "should" increase. Extrapolation and what if's can get you into trouble! Thank you. Kind of what...

Anyone else? Trying to figure out if it's worth investing my time and money into to see if it's a good fit, thanks!

I'm looking in the RDU area of North Carolina.

Here are last years numbers. INCOME SUMMARY PER UNIT GROSS INCOME $130,108 EXPENSE SUMMARY PER UNIT Liability Insurance $5,625 Repairs and Maintenance $3,652 Property Taxes $11,241 Credit Card Fees $5,384 Electricity $6,989 Water $15,757 Suuplies- Soap Solutions $15,722 GROSS EXPENSES $64,372...

Hello all, I was hoping someone more knowledgeable about these types of situations could look this over to see what they thought. I was looking to build a new wash from scratch but the city I'm in is really cracking down on new washes as they consider them eyesores, so I would have to go to a...