Recent content by Rocketman

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    Average Washes for an IBA life

    Hello soonermajic, I am clearly not the expert nor do I have the data to state what members on this forum are averaging but I could speak to this location. Reviewing the data this is an average but is actually higher if you see how the number compare year over year. I live in Florida, this...
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    Average Washes for an IBA life

    Thanks for the response gentlemen. Yes, I agree. It's a similar situation with my laundromat for example. There are several brands of washers and dryers with prices directly proportional to quality, reliability, technical support, accessibility etc. In my situation, we all have full time...
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    Average Washes for an IBA life

    This is a good question. I have made similar observation and have similar concerns. Moving parts = some degree of useful life that varies by quality of the materials, workmanship, design, brand, installation, maintenance etc. Some machines are obviously more reliable than others but this...
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    21 Y/O, Potential First Car Wash, No RE Experience

    ^^^ Same observations and findings as your stated as we go through the mentoring process. I have a few years left in my day job before I plan to retire and have this fill up part of my days. Key reliable, well paid person is key to the operation. I have that implemented in my laundromat so...
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    Bankruptcy

    Hmm. Understand. Obviously not being in the mainland adds another variable to the decision process.
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    Bankruptcy

    So...... Why not focus on the SS portion of the business while you build revenue, customers, and confidence. Maybe you can use the IBA portion that is not in use as a hand wash or detail that can be rented out? I own a laundromat and work full time. I am going on 16 years of ownership. I...
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    New to me wash

    Hello Big Matthew, Congratulations on your acquisition. Bill Capron, great response! I am in the process of purchasing as well. In the mentoring and learning stage actually. Situation for me is a little different in that the location is very, very well kept, everything works, good inventory...
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    Due diligence and

    mentoring in work. I've been researching, reading, and posting here and there as I am getting closer to probably becoming a fellow member and future contributor. This forum does seem to be more helpful than other (non CW) forums that I am a member or or have participated on in the past. I...
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    Help evaluating potential purchase.

    So... what would be considered fair, average, or high vehicle washes on for a single IBA (IQ 2.0 touchless)? 20K vehicles per year? 15K, 30k? I like the counter feature that can be viewed remotely and gives you a breakdown of how many of what priced washes have run through the IBA per day...
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    Buying existing car wash questions

    Excellent discussion. I was / am willing to pay for the business in full but the owner would rather half or close to that down and he carries the note for the next 15 years. It's a slow process given the fact that I am keeping busy on the work front and the owner is coming to grips with...
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    Value of CC, Air, & Dollar acceptor

    Hi Joswhaha, Thanks for taking the time to provide a response replete with some background and recommendations. Congratulations btw on your recent acquisition and good luck to you. It very much sounds as though you are taking all of the correct actions with your location. Your point about...
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    Value of CC, Air, & Dollar acceptor

    Thanks Eric and Mac for taking the time and providing some substance. I work full time and have owned a laundromat for over 13 years. Obviously not the same business models but there are some similarities. When I evaluate a mat for example a different value / figures is used based on the...
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    Value of CC, Air, & Dollar acceptor

    Happy New Year all, While researching and comparing locations, I've obviously come across SS locations in varying stages of attention ranging from closed,to run down, neglected, minimal use, to exceptionally and expertly run. Said expertly run location is well lit, maintained in perfect...
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    Looking to Move/Invest in a Business

    Greetings, New member here with possibly similar interest / goals. This is a good thread with excellent answers and support. I will continue to read through and learn from this and several other threads as I visit this forum as it will assist in my decision making process. I am a...
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