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Sorry, let me clarify. The landlord owns a large parcel that includes the car wash, an auto parts store, and a lube stop all as part of a complex. So while he could possibly split it out and sell just the real estate for the wash, he's not likely to do so.

Thanks for the response. The purchase price is 3x net, not gross. It's basically 1.2x gross. Current owner netting almost $170k after expenses, so that's the 3.5x valuation. I believe there's quite a few interested parties so I don't think he's completely out of line. I agree about leasing...

Good Afternoon, First post, love the info on this forum. I'm looking to purchase a local car wash in my hometown. It's an existing 4 bay SS with 2 IBA's, that's been open for about16 years or so. VERY WELL maintained, and I was told by the distributor it's one of the most well maintained...