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I was planning on going there once per day to do the "up keep" of the property. There is a guy in my area that does the services and maintenance of the machines I've talked to him a few times but that's about it. When looking to buy a property at what X earnings do you consider a good buy? 3-5...

Hi Guys, Would love to get into the car wash game at some point in my life. An Established Car wash near me just went on the market that's been open since 1968. The newest owner bought it in 2016 and put about 250k into the car wash to bring it up to date. Sadly he passed away very recently and...

Update::: The lot I was looking to buy isn't zoned for a car wash. I'm looking for new land. I've found a couple of prime stops that aren't very expensive but I could only do a 1 bay automatic. I'm nervous about a 1 bay if it goes down the cash flow stops completely. Any advice on a 1 bay?

Thank you very much soonermajic!

already on that Earl, the Alderman is looking into the Drive-way portion of the lot. Everything else seems to be OK they say. Should hear back today or Monday.

My guess is the reason for no competition is because vacant land is so hard to come by especially on this street. This is a very rare property that hasn't been developed yet and they aren't asking an arm and a leg for it. But if you're looking for a 1 acre lot in Chicago or even just a half acre...

So much great info, thanks everyone! A lot of research to be done before I can dive into anything though. I'd be lucky to have my first customer by Summer 2019 but we will see. Basically all the chips need to fall perfectly. Seems like getting the loans will be the biggest struggle. Still gotta...

Thank you guys for all the good info! I'll continue my research and update along the way.

I just drove past a car wash at 6:10am with the temp outside of 4 degree's. 9 cars were in line at the Gas Station Automatic Car Wash (1 Bay). You gotta understand the Chicago Market. My location would see 30-40k cars drive past everyday. Even in the middle of the night its still a very very...

How many employees do you think I would need for a 2 Bay Touchless Carwash? My distributor said Zero Employees which is what made this so attractive. Also, any breakdown before 4pm is guaranteed same day service (besides on major holdiays) and anything after 4pm is serviced the next morning...

Thanks for the reply Roz. I like to spread my eggs into many different baskets is the only real reason I want to do this. There aren't many physical businesses that require no employees either which is also reason I really like this venture. (I'm going 2-Bay Touchless where my distributor does...

Yeah I know this is going to be a headache. My finances are make 100k Salary with the Fire Department, I own an Online e-commerce biz that does 120k a year in profit. Wife is a lawyer but doesn't make typical lawyer money only around 60k. We owe 290k on our home thats worth around 430-450k. I...

Well I just applied for my first business loan from Wells Fargo and they want 50-60% Down. On a 1.5 million loan thats a little excessive. Are there good small business loan companies out there? Is it even possible to get a Loan for that amount with 10-20% Down? My wife and I have excellent...

O Yes I will no doubt!! I'm going to go to some banks today and see what rates I can get for a 1.5 million loan. You guys have been great helps thus far and I really appreciate it.

Thank you guys again for the feedback. There is a lot of good stuff there! I have my distributor taking a ride over by the property this week to crunch some numbers and do some analysis. Would you guys suggest heated driveway so I won't need a snow removal service then?

Thank you guys very much for the information. Darn! Maybe that is low huh. Washworld distributor quoted me 200k per bay. The construction of the car wash would be done by "New Horizons Car Wash" at a cost of 125k - 150k. I have no idea about the cost of permits and sewer though. Land: 370k...

I'm very close to locking down a property in a nice area in Chicago on a main street that see's 20-30k cars per day. The lot is only $399k (been on the market for a while can probably get it cheaper maybe 370k) I was going to go with a 2 Bay Touchless system. The lot is only big enough for 2...