Hello, I'm new to the forum and the car wash industry and need some advice. I am looking at buying a 5 bay SS with a one bay automatic. The property is in pretty good condition & only 1.7 miles from my house. I plan on doing most of the maintenace myself. The asking price is 500K. The current owner says it grosses about 105k annually. He says after all expenses he pockets about 5K per month. I can put 150K down, & my bank says they can give me a 5 year loan, amatorized as a 15 for 4% fixed with a baloon at the end. I have 5 rent houses that I own. I was planning on selling them & paying off the loan before the baloon payment came due at the end of the note. Does this sound like a good idea?