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About to pull the trigger and purchase an older self serv with a 16 foot wide (interior dimensions) by 80 foot tunnel. wash has strong demographics as follows. 15,000 1 mile 130,000 3 miles 280,000 5miles traffic count 50,000 day wash is run down and tunnel equipment is 30 years old. Owner...

Looking at a 6&1. The asset was acquired from a failed bank so no financial records are available. Further more the asset appears to have been lost because it was pledged as collateral against another failed venture. The only thing I can go by is the water bill. The wash averages over a 5 year...

Smokun, i agree with you. I know an operator in Georgia who took an old tunnel and converted it to an express hand wash. It's only been open a short time and he appears to doing some volume (and growing). For those interested he is located between two express washes. One express is about a...

LOL, One of my customers referred to the express as a "swirl-O-matic". In all seriousness, the express has really put a hurt on the self servs and automatics here in the southeast. The irony is that they have saturated our market (with more to come) and are experiencing reduced volumes. In...

I have a 7 & 1 with an old laser wash. The laser wash is becoming dated and needs to be replaced. I'm willing to consider a soft cloth or touch free, but leaning to soft cloth. The problem is that the in bay dimensions are 14' 7" wide and 29' long. Is there anything out there that might fit in...

This circuit attenuates any A/C spikes from the motor. The motor is an inductive device which tends to generates spikes, especially when it is turned off. The capacitor blocks any DC current from flowing and the resistor limits the current flow. This is an important device because any A/C spikes...

The bank has no prior financial records available. And the only other indicator of past performance is water usage. It's not really much to go on but all i have. I know it's virtually impossible to estimate revenue from water use, however, i was looking for a minimum benchmark. Thanks all.

Looking at a foreclosed wash that has been sitting for a year. Initially, the bank refused to budge on their price so i walked. Now they want to dump it. Anyway, the facility is a 6 & 1 with newer equipment. On a whim i went and pulled 5 years of water bills, no records available. The wash...

I'm looking at a closed car wash in the Southeast. No financial records available as the foreclosing bank also went under and assets were transferred to another bank. Using the freedom of information act, i was able to obtain the water bill and usage for approximately six years. The wash has six...

Xanax---I'm not going to dignify that with a response. As far as making a living washing horse trailers, motorcycles, or refrigerators, i'm highly doubtful. I've owned a number of washes over the course of twenty years and have never seen anything like were seeing now. Whats really perplexing is...

I guess i need to accept reality; self servs are like payphones.

Thanks for all the responses. There is no doubt that the express wash offers value, however, part of the attraction is trying something new and unique. As far as self serv washes are concerned, we need something as revolutionary as the introduction of the foam brush (approximately thirty years...

As a fellow operator in the Southeast, I have seen a dramatic decline in revenue. Obviously this was brought on by over saturation and the proliferation of the express model. In my opinion we need new products and services and an improvement in existing services to make self service fun again...

First off, the supply line feeding the pumps appears too small. Secondly, I had the exact same symptom develop at one of my washes. It eventually turned out to be a galvanized nipple corroded on the inside surface thereby reducing the flow of water. As it turns out we replaced our tanks about a...

What would be the best approach on purchasing a foreclosed car wash from the bank? Also, what would be the process if the car wash had an SBA loan. Is the selling price solely up to the bank or must the bank and SBA approve the sale of a foreclosure? There seem to be a number of choices popping...

Sorry to hear about that, hope everything turns out for the best. Lots of SS and autos going belly up in the Atlanta area. However, as a buyer who wants to buy an outdated business model. I'm sure others will disagree, but I don't think the SS or autos will ever come back.

Recently, there seem to be a number of foreclosed car washes coming onto the market. Most all are SS, SS/auto, or just stand alone automatics. The prices are/seem attractive too. Normally, i would not hesitate to acquire one of these assets, however, the market here ( Atlanta) is flooded with...