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That would be my concern. Plus, I'm seeing more and more people that are basically living out of their cars. They'll pull into a vac station and spend hours unloading all their crap, sorting through it, and then spending maybe a couple of bucks to vacuum. I've been running off the most blatant...
Have you thought about restructuring the partnership? Use your capital to make the improvements, and reduce his share of the deal by that relative percentage?
I have a couple of friends that own apartment complexes right now and Covid is killing them. Tenants aren't paying rent and they can't evict them. Our Government tripped all over themselves to take care of tenants but no one is taking care of the landlords.
Not San Antonio. When my softener went down I bypassed it to see if I could keep the wash open while it was being rebuilt. When the city water cycled through my system I had zero soap show and the rinse water that dried on my car looked like I had driven through a dust storm.
I recently installed a system from Backstreet Surveillance and recommend them highly. Several others on this forum have also used them. Just know, though, that your camera system is only as good as your follow-through and the police response. If you don't make an effort to stop what you see on...
All advice duly noted, but like I said: time was not on my side. The softener quit on a Wednesday and my wash was dead. Didn't seem to make much sense shopping mail-order parts and DIY options to save $1,500 when I was about to lose $4k in weekend revenue. I went with the local guy that could...
Had to hire it out since I know nothing about water softeners. All done it was $3,200 to empty and clean out the resin and sand from the two tanks, empty and flush the salt tank, then reload and re-seat all tanks, dismantle and rebuild the head, and re-plumb back into the system. Took the guy a...
Just went through that at my wash. Pressure from the meter to the softener was good, but wash tank wouldn't refill fast enough. Had my softener rebuilt and recharged and problem solved. Resin and media were all compacted.
My bill acceptor was surgically removed from my coke machine a few weeks back. I took a piece of 16 ga sheet metal and cut it to fit over the opening, then used heavy rivets to attach
I'm at $1.25 for 16oz soda bottles and $1 for water.
A good week is maybe $30-40 in total sales where it's 100 degrees plus nearly every day and the demographic drinks A LOT of sodas.
Stash, just an FYI, I had open trash cans (Coleman Tee-pees - by far their WORST idea) when I first bought my wash. After 6 months of fighting crap like you're getting I ditched the open cans and had an aluminum fabricator make me some locking lids with an 8-inch diameter hole. All in about...
Cap rate (net operating Income divided by asking price) is the best way to compare apples to apples when you're looking at a cash flow stream for any investment: rent houses, car washes, apartments, office building...
The gross income multiplier doesn't take expenses into account, so there's no...
He was a one-percenter. When I told him I had the entire incident on video from multiple camera angles he denied it and said I was lying. So I offered to meet him at the wash and show him the footage. Then I got the typical reply, "Been coming here for years but I guess I'll take my business...
Nothing real elaborate, and it's easy to catch if you have cameras.
His story was that he spent $4.75 washing his truck but couldn't get the stop button to work and it charged him $12.75 so he wanted an $8 refund. I checked the cc log and he was charged $12.75, but that was an immediate red...