The dirt itself is probably worth $70-100k. The neighborhood is not too rough it's a mix of residential (rentals and single family) and light commercial. The downtown district is about 1/2 mile away and we'd be the closest wash to that area. All in all it's really not looking to be a bad...
Thank you all for your wise words.
I called an independant wash consultant (someone who knows what they're looking at) and we walked through the entire site. He said the RO, water softner, and a few other items need full replacement. The bill validators and locks have to changed out as...
The auto's are original...and yes that does make the deal even more riskier than it already is! I believe there was an appraisal done a few years ago (when the bank took over) and it came in at $500k-ish.
It's the City Water department that won't turn the water on until the existing lien is...
The wash was built in 92. The lot is approx 11k sq ft. The price will be less than 200k.
I budgeted about 50k to get things up and running. I was trying to project sales volume, but I'm finding that to be very difficlult. I read in several spots that the national monthly sales average for...
Thank you for the reply. You're right about other seasoned owners jumping all over this...and I've thought about that a lot. I spoke to one owner in town and his thoughts were that it is a good deal, but he's getting into retirement mode and doesn't want the hassel. Other wash owners are not...
I am interested in purchasing a bank owned car was in the Midwest. It has 2 IBA's installed with LaserWash 4000 and 3 SS. The traffic counts are roughly 11k on street and 12k on the other. It's situated on a fairly busy corner...it's not directly on the corner, but one lot off. The town has...