Recent content by grdax

I am in the Washington DC metro area. If you or anyone in this forum know someone who could be helpful, I would be very interested in meeting him/her. I decided to walk away from the car wash without the property by the way. I had trouble trying to get the most recent financials out of them...

Do you know of any good consultant that you would recommend if this thing gets further?

Thank you so much. With so much at stake, definitely do not want that. I will be getting documentation so we will see if what they are saying is legit.

Once I sign the NDA, the broker said he will provide last 3 years tax return. I will report back once I get it in hand.

Thanks for your feedback! What part of it made you concerned? Was it the fact that the equipment is on its last legs? The broker said if maintained, it can last 30+ years but I took it with a grain of salt. What would a fair value for it be? Here are some more facts. Gross sale: $1.1 million...

I am currently looking at purchasing a full service tunnel car wash. The sale is for the business only and no real estate. They are asking minimum $2 million for it. Gross Sales: $1,100,000 Profit: $350,000/Year What do you think fair value would be? Equipment is about 14 years old. Location...