Looking at a 6&1. The asset was acquired from a failed bank so no financial records are available. Further more the asset appears to have been lost because it was pledged as collateral against another failed venture. The only thing I can go by is the water bill. The wash averages over a 5 year period 130,000 gallons per month. The use has been stable. The wash could possibly be bought for $160,000. On the surface it looks like a deal. What would you do?
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purchase opinion needed
- Thread starter 1carwash1
- Start date
