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  1. L

    Looking to purchase a wash

    You're also too fixated on how much salary you can pull out. It all depends on how much money/cars the remodeled wash does. You can't really back into that number. It's just a guess. I understand that. I am trying to network with owners of washes to see if my assumptions are correct. Right...
  2. L

    Looking to purchase a wash

    Good idea. Also w/ 60k traffic count and only 39k per month in sales that makes it look like they aren't doing their full potential. Should be at least double that, right?
  3. L

    Looking to purchase a wash

    Here is the write up: Good Price Full Service Car Wash for sale more than 1.5 acre land, 61,000 daily car traffic count road. Neither the owner nor the manager are managing the business for the last 3 years. (this place is run by hourly paid employees only) Full estimate to flip to an express...
  4. L

    Looking to purchase a wash

    Understood. I will be financing about 50% of it. I know that the monthly mortgage payment and taxes will eat into about $75k a year of expenses. I plan on working 40 hours a week or more. The place doesn't need a lot of rehab, but I also know that everything costs double what you think it will...
  5. L

    Looking to purchase a wash

    $1.4m for the wash, $430k to convert. Yes, very strong visibility and access both ways. Nothing for 5 miles either way, near Walmart and strip malls etc. I'm also wondering about the profit margin. I know you can't predict it perfectly, but if you are pulling in 50k a month, what is the...
  6. L

    Looking to purchase a wash

    Hello- I am looking at buying a wash that supposedly has $39k in monthly sales and can convert to an express wash for $430k. 60k daily car count. Is it safe to assume that if the numbers are true and I get everything cleaned up and working well, looking good and running well that I can expect...
  7. L

    Looking for some information

    Hi All- This forum is great! Thanks for all the effort you put into creating a community. I’ll try and keep it short. I have the good fortune of a few successful software startup exits and I want to use some of the money to buy a car wash. I’ve always loved cars and want to work for myself and...
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