Recent content by CarWashAdvisory

Hey everyone, I know this thread is a little stale - but I'm hearing a lot of questions on this lately - so I wanted to bring up a few points and put them out there. @MEP001 - I agree with everything you said. I just wanted to add a few more thoughts. The Short: Owning the real estate in...

If you are looking to go the SBA route - Celtic Bank is awesome. They do a ton in the car wash space and are very knowledgeable and familiar with the industry. All processes I have done with them have been very easy and straightforward. On the non-SBA side, as Mac mentioned, I would go to your...

For anyone who didn't see it this morning - and the timing literally couldn't be more fitting to this conversation: https://www.prnewswire.com/news-releases/jed-gold-joins-mister-car-wash-300911816.html Fast Food exec joins Mister....

And there is a reason why fast food / quick serve restaurants publicly trade for 13 - 16x EBITDA. I agree the models are very dissimilar in many ways. I also know that there is a lot of money in this industry right now that is bet on express car wash multiples converging with that of QSR. I am...

Do you by chance know what the 3 mile radius population is?

It's a great question. And I am currently actually writing an article on it. I'm doing the best possible job to use statistical and true numbers to show this using penetration rates of both population and street traffic. The problem with this question - is there is no single simple answer. To...

There is no right or wrong answer here. As many have said - an IBA / Self Serve work in the correct location. Tunnels also work in certain locations. The scale of cash flows (on a per unit basis) and the level of defense versus incoming competition are different on both. There are pro's and...

@MEP001 - I agree. I did not intend to take it offline for any other reason that it is easier to explain over the phone. But that's a good point about other people possibly being interested in hearing. Generic Investment vs. Individual Investment: It is a straightforward task to determine...

Deal makes zero sense. Please feel free to message me and would be glad to discuss. You are right to have immediate apprehension given the numbers.

Greg Pack said it best. Completely 100%. And leverage and judicial financial outlay (in the ways of purchase price, asset coverage, and leverage) will be key in determining who succeeds (and survives) through the next inevitable shake out. One thing is for sure, private equity is speeding up. I...

There are a ton of great options. The main deciding factors in determining which route is the best are 1) Coding knowledge 2) Functionality you would like the website to have 1) User Interface based no coding options EXAMPLES: WIX, SquareSpace, Godaddy template, Namecheap website builder etc...

I have a back-of-the-envelope quick way to do it that I use all the time on the fly. I go to Loopnet, find a property that is on the same street that is for sale or lease, and then typically the listing will have pretty good general info on demographics, traffic etc... Sometimes you have to pick...