Recent content by needle

This Midwest location is a full service model. Around 120 foot tun using a mixture of touchless and friction. Equip is in good shape. Annual sales are $580,000 / year. Net to owner (call it EBITDA) around $120,000. 45-50,000 cars total... 30,000 full service and the 16,000-19,000...

so if you find two washes and assesed land & blding values are 2,000,000, and combined sales are 3 million and ebitda is 600,000... "4 x ebitda is too much" ?? in this case 4 x is no where near enough. Right?

i jyust had a "black" screen and they tell me we need to replace the entire unit! The VGA board has been replaced by another updated board and they dont stock the old boards. If your new plazma TV goes bad your repair it not replace it!!

4 x ebitda, sorry

so if you find two washes and assesed land & blding values are 2,000,000, and combined sales are 3 million and ebitda is 600,000... "4 x is too much" ?? in this case 4 x is no where near enough. Right?

i have the wash cards from RYKO. they are expensive. smart cards are around $4 and i would not consider this card system if i were you. how can you sell 20-40 wash cards if they cost you $4!

Mr. Crowe- i like your approach. but what about land and building. the 4x doesnt include that. the wash could be on a goldmine lot so your approach would be 4x plus appraised value of land buildings. ?

Wow...1.5-2X cash flow?? I was reading from some wash broker sites 5-6 is normal for the Full Service model.

I hate rules of thumb(s). What are the current multiples (of cash flow / EBITDA) that full service washes sell for... Not including land costs.