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I have seen many Express and Full Service tunnels for sale in the 5%-7% cap range so I would think a IBA/SS that is offering a 12%-13% cap rate would sell quickly especially with your amazing car count driving past the place. I would talk with anyone who is within 10% of your ask and be patient...
At end of the day the buyer is going to look at the multiple of revenue or the CAP rate, and decide if it is enough of a return for them and if any additional investment is necessary for the place to remain competitive.
Curious what multiple of revenue or cap rate you seek or are discussing. I...
valuation is off but don’t let the leased land scare you especially if you have limited money to invest.
$119K - $23k expenses - rent ($54K) - NNN
take what is left over and multiply by 3. That’s the top value for this setup. Guessing you have maybe $35K left. So value is about $105K if...
Finding a carwash for sale is relatively straightforward and can be easy. There are ones for sale in most states, plus you can always approach an owner of a location you like and see if they wish to sell. There are plenty of owners who would consider an exit for the right situation...
Like the sign!
We just put a Ceramic Sticker or pTouch on our dial. Customers notice the ceramic and seem to like it.
People do not read signs no matter how simple or nice they are......
You can give away money and they would not read it (and we tested that theory by preloading our...
Tom Allen, from Kleen Rite, who passed away a few years ago was huge help and influence to get me started on the learning curve.
That said other owners on the forum and near my wash have been most helpful with information, ideas, advice, and sharing their experience. If you are more than 5...
I got into the carwash industry by accident via an auction. Purchased a rundown wash (5/1) in a good location. Had to close in 15 days of the auction. I had my financing already in place prior to the auction. I visited the site, I knew the assessed value from state records, but knew nothing...
New Laurel Gold Dollar coin mechs still in wrapping from KR. We decided to go a different route from the Laurels so the upgrade to dollar coins is no longer necessary.
LP30D36GD 5 Column Vend Mech sells at KR for $206
one unit available
LP 21101GD single column sells for $170
5 units...
We moved away from the trigger nozzles to the single piece nozzle as the triggers break and that nozzle is two pieces held together by rivets. The non trigger nozzle is a single molded handle and seems to improve the air volume thru the nozzle.
Totally agree. After triple foam the dryers get a lot of use.
We have the three motor 220v attic system. Only complaint is that the motors are in the attic so a chore to climb into the attic for servicing.
The only thing we have to do a few times a year is reattach the 2” vac style hose to...
We thought about planting fig trees and blackberry bushes around the property. May still do so in the spring. Fig trees grow quickly (about 3’ a year) as do blackberry. I am sure I will not see any of the fruits but could become a nice talking piece in town.
Anyone test the experience and difference between the Air Shammee 1 vs Super Shammee 2? I know the 1 is the three motor version and the 2 is the large single motor version. Can you feel or see a difference?
I call Sam at JE Adams back after we chat and he explains to me how their vacs are built and the probable issues to check to thank him and let him know the issue found. He is usually right about the 1-3 things to check on a vac. Saying thank you is a dying trait. Sad.
Not worth the effort as most customers will not care about the plants. Get a 30 gal or 55 gal container, 1/2 fill with salt water and place a container cover with advertising for your top wash on them. Maybe they help you drive people to the top package and you increase revenue.
We use them sparingly. They are greatly appreciated when we give them out. Brings a big smile and probably solidifies the customer relationship. Cannot wait h til the QR version is available as we replaced our swipers in one location to the Tap Plus. The $1per card cost is part of the...
You can drive yourself nuts looking at the numbers in a daily basis. We compare each month to the same month the prior years to see a trend or how we are performing. That said weather is a huge factor and it cannot be generalized as to good weather or bad since mud, bugs, salt, and other...
Or for the same investment you can buy one or two IBA/SS locations with better numbers and fewer employees.
Impossible to give a fair assessment with just the info posted as it may be a mismanaged diamond in the rough. to build a new place like above you probably my need to have at least $5M...