Purchasing a Wash-Due Diligence

[wasiknator]

I have only built a car wash from scratch. Looking to purchase an established car wash. In doing my due diligence, I am unsure of any inspections that may need to be done similar to purchasing a home. For those who have purchased an established car wash, what steps did you take? I have already inspected the equipment, that portion I can evaluate. Any feedback is greatly appreciated. Thanks.

 

[MEP001]

There are steps you might want to take that are different from purchasing a home, for example checking property records to be sure there were never fuel or oil holding tanks buried, and if there were that they've been properly removed.

 

[BBE]

If you are financing it, then I'm sure the bank will be on top of any inspections that need to be done, as it will be a requirement. Things like phase 1 and 2 environmental inspections, etc..