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Worthy 1st Time Investment?

BattlefieldWash

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Thinking of getting into the car wash business after passing by a car wash that was for sale with a realtor at one time, but no longer. Doesn't appear to have changed owners though. Original listing was for $495,000 on just under 2 acres. Seems really high given the condition.

It's been closed since at least 2019 (Google Maps show it for sale by owner and the condition suggests it's been closed).

They claim over 13,000 cars pass daily. And 26,000 enter the intersection everyday and is near a 7,000 home subdivision. My research on DOT traffic shows about 8600 cars daily, but I'm new to this and may not be reading the spreadsheet correctly.

Appears it was a 1 IBA and 3 SS, but I'm not sure how much of the automatic is left. Old listings claim 5 bays. 3 vacuums.

Looking at the mechanical room pic seems to show that no equipment for IBA or SS bays is present.

Would this be a good investment for a 1st timer car wash owner?
 

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Randy

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It's just an empty shell. The place is only worth land value less the cost of demolishing the building.
 
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