Recent content by dynomonkey

That's what I thought. I was just noticing that the expenses are high for this particular wash. On 90 the expenses are about 65. Asking 600 for the property

I've been reading that a wash should be priced at 10 x earnings to 3.5 x earnings. Do you think that gross or net? Net would be great but that just doesn't sound quite right.

That's what I thought also. It's a slow location and the owner does not keep good records. Looks like I'm walking away from this one. Their is no way to find out how much money this wash makes. It's a 5 bay with all SS on a .7 acre lot. 4 vacuums and hardly no vending. The price is right under...

I've been looking at some water bills for a prospect car wash and noticed it is using about 25000 gal of water a month. How many gal does it take to wash a car? The car wash is about 10years old so I know the equipment is not that efficient. Should I guess 10gal per car? 4gal?

Currently looking for loans to purchase a SS. Curious on what terms people are on. The SBA is offering a 25year term with 6% and a monthy adjustable. The banks is loaning 15-20 year at 7% and adjustable every three years. What have you guys done.

nope. But is amy selling her wash for a good price?

That's a great ideal tpoppa. Why? 1. I've always thought that a carwash business that I could manage along with my current career would be a great way to shore up some finances. (or ruin them) 2. Not having to worry about employees was also appealing, or at least not many employees. 3. Some...

Thanks for the PM. Sorry I can't reply until I have five post. So this make two!!

Just stumbled on a carwash that might be for sale in the dallas market. Can someone recommend a person who could help in the due dudiligence. Its a small SS with no automatic. Not on a busy street. Thanks in advance.