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I am in a cold weather climate. If i go with outside dryers my bay temp will drop and then the weep will come on. The days it stays cold around 20 degs for 4 to 5 days sometime my outer bay will not stay warm enough to keep weep from coming on. This is why I haven't gone with outside dryers.
Realtors don't have any experience with car washes. Got land value, if just selling land, but you just can't add that price to the car wash price???
So I take the Gross X 5.5, and 5.0 and 4.0 I have sale price. I take those prices minus 20 % down calculate the loan amount on those prices and...
I have three goldline and had them for over 15 years. They run like a champ and the tech service people are great. I didn't like the fact they stopped making the sta validators. I would be willing to pay more for them then to us the new style. When I replace these I will be sticking to Hamilton.
I did see article in SS car wash mag. I have a commercial realtor to determine what the land value is, to see if the land is worth more than wash. It is a good working car wash that makes money. I am 60 and think it might be time to sell. Interest rates are low which lets me get more for the...
I haven't had an issue with it sliming up. I switched from using mc liquid because lack of smell and poor show, foaming. My experience through the years is if the customer doesn't see a good show when soap goes on they feel they didn't get a good wash or think something is wrong with the wash...
What I found worked best after titration and show and performance was 1 - Correct and 2 - Purple Passion. The smell everyone likes and the show is great. Cleans very well. Since I have been using it I haven't had any customers complain of the quality of the wash. When I buy this product...
The value of the wash will decrease as it gets closer to the end of lease. You have first right of refusal of the land at what price??? Unless you have the sale price negotiated today the other guy, he holds all the cards, to say he wants $50 million down the road just so you walk away and he...
In the lease there would be clauses that state items that need to be addressed and if they start to get run down then the lease will be voided. If auto is not in running condition for more than 30 days, same with HB, Validators, coin machine, vacs, you get the idea. Regular inspections will...
I looked into the 1031 and it has to be liked property, I am not looking for another wash. Owner Financing it is hard to find someone with the down payment. I am not sure if you have to pay the capital gains right away, not sure how that works. I appreciate the ideas, keep them coming.
Leasing is just like anything else u need to select the right person and keep an eye on what they are doing and have items in the lease that cover you if they are not taking care of the property or wash so you can take it back. I was thinking Leasing is a way to defer the capital gains until...
LEASEING CAR WASH INPUT PLEASE
I am thinking of leasing my car washes and would like some input and wisdom. Has anyone done this or looked into it. At this time if I sell them outright capital gains would kill me. I was thinking of a triple net lease. I am willing to do lease to own. Not...