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Again, I appreciate all the input. For those who are interested here is the link to the discussed property. The owner (of one year) will not accept anything less than 500K. (Out of his mind). My broker estimates the "dirt" to be worth no more than 100K. I will keep looking. Happy holiday...
Yes, that I do understand. But for me wanting to refresh the business, it is definitely worth more than the dirt. If I were to start from scratch the cost would approach or exceed 7 figures.
Why haven’t you raised your prices 20%?
I appreciate the input. Not sure I understand the position that it is only worth the value of the dirt. The building will definitely need a major facelift, but the cost will be significantly less than the cost to build a new structure. If I built new, I would still need to buy all the wash...
So has inflation hit the SS industry yet? Are operators increasing prices? What is the average start price and time? Do these numbers reflect say a $3 start and a count up system? Probably not. What is the trend?
Hello to those in the know. Looking at my first venture into the SS Wash world. Trying to put a value on a 7 bay wash that has fallen into disrepair. The pump room looks like a WWII submarine, half the bays don’t operate, etc. A complete redo with no history of past business.
I plan to get a...