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  1. K

    Valuation of Touchless at Major Retail Gas Station Site

    Hello! I am looking for information on how to value taking over a current wash owners lease and business at a gas station site owned by a major retailer. The wash currently pay a monthly lease (deducted from their income) to the retailer. The wash is tied to the gas station point of sale system...
  2. K

    Structuring Lease Agreement for Building/Property

    Hello folks! Two years ago, my financial partner and myself put a bid in to buy a 2 IBA/4 SS Bay site built in 2004 on 0.75 acres. The Owner at the time rejected the offer because it was too low (he was expecting almost 2x what we offered). There were also minimal to zero financial records...
  3. K

    Buying into Existing Wash as New Partner

    Is there anyone who can perhaps shed some light on how to structure this type of deal? The existing wash needs new equipment and some TLC. I have discussed with the owner becoming a new partner, with the intent to eventually buy out the wash in 3-5 years. I have a local presence allowing me to...
  4. K

    Equipment, Labor, and Material Escalation Costs

    What is the recent consensus across the board on escalation costs? Compared to September/October 2021, I have been quoted up to 15% in equipment and 45% in material (wire, conduit, etc.). I'm sure the labor portion has escalated as well. Has anyone experience significant supply/chemical...
  5. K

    Partnering with a Current Wash Owner/Operator

    If anyone has bought into/partnered with a current owner/operator, can you please PM me? I am looking for insight and can help better explain my specific situation. Thanks.
  6. K

    Differences Between Razor Models and Kondor

    What are the primary differences? Between the Edge and XR-7, I am at about a $30k price difference. I know the Edge has a CAT pump and a few more bells and whistles (looks to be an extra pre soak (3 vs. 2) and an extra high pressure option, as well as some more LEDs. The Edge also has HyperFlex...
  7. K

    Water Softening and RO System Suppliers

    Generally, who is the preferred supplier for these systems? I need to obtain some sizing and pricing to replace a broken/damaged system was a facility I am looking to purchase. I can provide photos of some of the system as well. There are 2 IBA to be replaced and 4 self bays to be supplied with...
  8. K

    Low Pressure Additions

    A wash I am looking to buy current offers pre soak, foam brush, and tire cleaner low pressure options. If you were to add an option, which would you choose? I'm debating keeping the HP wax and changing to another product (perhaps a ceramic type sealant) however if I add say Rain-x, I'm almost...
  9. K

    Most Efficient Hot Water System (IBA + SS)

    I was looking for ideas on the most efficient way to for hot water at a facility I am looking to buy. The current system uses a large boiler to store water in a pressure tank. The tank then feeds the self service hot water tank (for soap/wax) and feeds each (x2) IBA hot water tank. The current...
  10. K

    IBA Revenue Projections

    Has anyone ran any sort of projection for an IBA to justify new build or purchase? I’m running into a snag with my purchase due to lack of current financials and determine if the buy is feasible. I do know that the current financials are much less than before due to a few issues. The owner...
  11. K

    Enclosed Bay for Cold Climates

    Has anyone every tried this concept? It would be a SS bay with wind doors on each end (whether they be bifold or airlift style) and a gas fired heater inside the bay. The idea is to provide a heated space for self washing in lieu of doing it outside in the cold open bay. It would take a little...
  12. K

    Purchasing First Car Wash

    Hello All! I'm not entirely sure where to start here so I may ramble a bit. I wanted to get a brief summary out of where I am in the process and make sure I'm on the right path through this process. Many months ago, I reached out to a current owner via friend who owns the only local SS and...
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