Recent content by kdersch

This is absolutely one of my concerns. I am not sure this equipment is anything better than "ok" condition. It is a Laser Wash 360 that was bought used from my understanding. I am not a fan of those machines personally and would like to get a WashWorld machine. Also, I do understand looking to...

Hello! I am looking for information on how to value taking over a current wash owners lease and business at a gas station site owned by a major retailer. The wash currently pay a monthly lease (deducted from their income) to the retailer. The wash is tied to the gas station point of sale system...

Do you have a copy of this by chance? Thanks!

Hello folks! Two years ago, my financial partner and myself put a bid in to buy a 2 IBA/4 SS Bay site built in 2004 on 0.75 acres. The Owner at the time rejected the offer because it was too low (he was expecting almost 2x what we offered). There were also minimal to zero financial records...

Is there anyone who can perhaps shed some light on how to structure this type of deal? The existing wash needs new equipment and some TLC. I have discussed with the owner becoming a new partner, with the intent to eventually buy out the wash in 3-5 years. I have a local presence allowing me to...

What is the recent consensus across the board on escalation costs? Compared to September/October 2021, I have been quoted up to 15% in equipment and 45% in material (wire, conduit, etc.). I'm sure the labor portion has escalated as well. Has anyone experience significant supply/chemical...

Are you referring to a balloon with owner financing or bank financing? Our intent with owner financing is to refinance with a bank later or have enough cash and assets available to buy it out right. Understood on the prime rate and increasing as well. I think we would want to lock in the rate...

Thank you for the insight! I'm looking at options once I confirm what financing would run me. I am hesitant to offer a large down payment other than maybe covering the cost of his back taxes/utilities and a small upfront incentive ($10k). I can get a loan at 15 year term, 5 year balloon for...

What type of documents did you draft up for something like this and how did you determine a rate? Did you pay any sort of down payment up front? How close were you to his asking price with this? Feel free to PM me if that's easier.

It's a very long winded discussion as the equipment (super comets x2 and 4 bay pump stand, along with every other item) are original to 2006 and the business suffers from poor customer service and the failing equipment. It needs a total revamp however the owner is working with a capital finance...

If anyone has bought into/partnered with a current owner/operator, can you please PM me? I am looking for insight and can help better explain my specific situation. Thanks.

I'm in the same boat with a car wash slightly newer (2004) with 4 SS and 2 IBA (touchless) where nothing have been updated since it opened. Seller's broker ball parked 400-500k. I have been attempting to either get any supporting financials from them or lower the price to about half of what they...

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What is the top package on the xr7 consist of and how long does it take? Could you send me some other details on the equipment setup?

Wish I could get Belanger to let me demo one lol!