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    Working with a car dealership?

    The Acura dealer in Fort Myers is building a new dealership. When it's finished, I'll be able to take my new MDX there for a free wash anytime I want. Only drawback for me will be if there is a long wait. If it is quick, the local washes that I use now will be losing my money.
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    Real Beer Bottle talent

    Impressive.
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    Just A Heads Up On Emptying Trashcans

    Heisenberg.... Glad you're okay.
  4. L

    What am I missing here?

    ding ding ding ding
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    Wall covering for SS bays

    How does it look now after 8 years? I am assuming that picture is from when it was new. Does it clean up well.
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    Wall covering for SS bays

    There are some missing tile and cracked tiles. It's extremely dirty. I'd pressure wash it first, just to see how well it cleans up. But I want to figure in the cost of re-tiling or something like IBwashing cars has. I'll be putting in a new automatic, entry system, CC/bill acceptors, and...
  7. L

    Wall covering for SS bays

    That looks great! About much did that cost, per bay, if you don't mind my asking? I didn't see any pricing information on the linked website.
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    Wall covering for SS bays

    I am looking at buying a wash that needs a face lift. The ceramic tile on the walls are old and in need of replacement. I was wondering if there is a better wall covering that is more durable and easier to keep clean. At this particular wash, the walls in the automatic bay are some kind of...
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    Noobie looking for advice on buying an existing car wash

    I think the amount shown for labor, ground maintenance, payroll expense, and repairs and maintenance all seem kind of light. The owner is 100% absentee, so he's not doing the work.
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    Noobie looking for advice on buying an existing car wash

    I agree. Mac tells me that when this was was built, it was not connected to city sewer. That would help explain why the water bill is so low.
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    Noobie looking for advice on buying an existing car wash

    So, I am looking at another wash. This guy gave me his P&L from last year. Says he'll show me his tax return to prove the numbers if we get serious about a transaction. Sounds fair. How do these numbers look? Income (sales) $110,000 Bank fee $ 150 Contract...
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    Noobie looking for advice on buying an existing car wash

    Is there any rule of thumb for the value of car washes? One broker told me something like 6 times EBITA or SS, 7 times for express, 8 times for full service. I realize that rule of thumbs would just be for a ball park figure. What rules of thumb do any of you guys use?
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    Noobie looking for advice on buying an existing car wash

    So, I am giving up on the express tunnel wash. They just aren't offering anything as far as documentation goes. I am meeting the owner of the self serve on Friday with Mac to evaluate the equipment. It's old and needs to be replaced. The owner will supposedly have some documentation for me...
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    Noobie looking for advice on buying an existing car wash

    All good points. I'm on vacation from July 19 through August 5. So I can't make the show in Orlando. I wish that I could. Looks interesting.
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    Noobie looking for advice on buying an existing car wash

    Your concerns are duly noted. Thanks for the advice!
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    Noobie looking for advice on buying an existing car wash

    Sounds like solid advice. Regarding financing, I could do the self serve wash without any bank financing. The express wash, I'd have to get 50-60% financed. So it might be out of range if a bank won't loan to me due to inexperience. I'd be willing to make my pitch to the bank if I decided...
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    Noobie looking for advice on buying an existing car wash

    What areas in Florida are known to do well?
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    Noobie looking for advice on buying an existing car wash

    Did people in Florida stop washing their cars?
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    Noobie looking for advice on buying an existing car wash

    I have been going to both washes on a regular basis and noting how busy they are. They are both on a busy street (65K cars per day). They are in Fort Myers, Florida. I am an electrician by trade, but I will still hire an attendant to help out.
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