Recent content by Louey

The Acura dealer in Fort Myers is building a new dealership. When it's finished, I'll be able to take my new MDX there for a free wash anytime I want. Only drawback for me will be if there is a long wait. If it is quick, the local washes that I use now will be losing my money.

Impressive.

Heisenberg.... Glad you're okay.

ding ding ding ding

How does it look now after 8 years? I am assuming that picture is from when it was new. Does it clean up well.

There are some missing tile and cracked tiles. It's extremely dirty. I'd pressure wash it first, just to see how well it cleans up. But I want to figure in the cost of re-tiling or something like IBwashing cars has. I'll be putting in a new automatic, entry system, CC/bill acceptors, and...

That looks great! About much did that cost, per bay, if you don't mind my asking? I didn't see any pricing information on the linked website.

I am looking at buying a wash that needs a face lift. The ceramic tile on the walls are old and in need of replacement. I was wondering if there is a better wall covering that is more durable and easier to keep clean. At this particular wash, the walls in the automatic bay are some kind of...

Anyone ?

I think the amount shown for labor, ground maintenance, payroll expense, and repairs and maintenance all seem kind of light. The owner is 100% absentee, so he's not doing the work.

I agree. Mac tells me that when this was was built, it was not connected to city sewer. That would help explain why the water bill is so low.

So, I am looking at another wash. This guy gave me his P&L from last year. Says he'll show me his tax return to prove the numbers if we get serious about a transaction. Sounds fair. How do these numbers look? Income (sales) $110,000 Bank fee $ 150 Contract...

Is there any rule of thumb for the value of car washes? One broker told me something like 6 times EBITA or SS, 7 times for express, 8 times for full service. I realize that rule of thumbs would just be for a ball park figure. What rules of thumb do any of you guys use?

So, I am giving up on the express tunnel wash. They just aren't offering anything as far as documentation goes. I am meeting the owner of the self serve on Friday with Mac to evaluate the equipment. It's old and needs to be replaced. The owner will supposedly have some documentation for me...

All good points. I'm on vacation from July 19 through August 5. So I can't make the show in Orlando. I wish that I could. Looks interesting.