Recent content by Jengah

With all due respect, rather then judge the deal I have in front of me which I obviously know is ridiculous, can anyone weigh in on what WOULD be a good, fair offer? I'll review the facts: - (6) bay SS - (2) IBs (one RYKO, one D&S 5000) - built in 2006 - Town population of 35,000, w/ two other...

Hi JGinther - I realize the deal as it is offered, that's why I'm asking how to construct a fair deal to offer the seller. Since I'm not experienced in the indutry I need solid reasoning based on industry standards to help support my offer when presenting it. Do you have any input on what...

Hi Robert - Can you elaborate on the "benchmark at $6,000 a month?" Is there a known percentage lease multiple for this industry? BTW - The lease is NOT NNN. Given that a very similar property across the street is renting for $0.15/SF and this carwash is on approximately 30,000 SF, I'd think...

So I realize that the numbers the seller is asking for are ridiculous and not sustainable. What I'm looking for is advice on two things: the health of the opportunity and advice on structuring a deal. Do you guys think these are healthy and obtainable profits? And given these P&L figures, what...

Hi All - I'm new to the business, but wanted to get into it for years. An opportunity has come up by me and here's what it looks like. Can I get some feedback, please. The wash details: - (6) bay SS - (2) IBs (one RYKO, one D&S 5000) - built in 2006 - Town population of 35,000, w/ two other...