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  1. Rfreeman

    Approached for Ground Lease... unfamiliar.

    I don't know where your located and the states laws. Here in TX we are a non disclosure state so their assessed values are way under the actual market value. If your current bldg has a potential gross rent of $16K a month I would lease it it up...approx $17.45/sf. The good news is sounds like...
  2. Rfreeman

    New to me wash

    Lighting looks great sounds like your on the right path. I think you will notice the customers will appreciate your efforts seeing you working so hard and seeing an improved product and experience. I know I did at my last wash I purchased a year and half ago.....and still get thank yous and...
  3. Rfreeman

    Approached for Ground Lease... unfamiliar.

    A good knowledgeable commercial real estate broker would be a good place to start or ask for any potential lease comparables. 2 potential big issues with ground leases, 1. Property taxes. Here in TX property taxes are a big deal and in ground lease situations the owner of the dirt would still...
  4. Rfreeman

    Taxes & deductions

    You should be able to write off mileage. Not only that those new IBAs you bought you can depreciate that. Also when purchasing the location if any value was assigned to the equipment vs property or land....the portion assigned to equipment you can depreciate that as well. Or at least those new...
  5. Rfreeman

    Express Wash Impact On Existing IBA/SS

    No just self serves. It was a great site as well. The tunnel was a good operator as well. The area was a good ss area and the location was great! This was a shanty looking wash... all metal construction. I cleaned it up with acid and people noticed right away when I took over. I eventually...
  6. Rfreeman

    Express Wash Impact On Existing IBA/SS

    I personally have not been in that situation but I have heard rumblings that a group is looking close to one of my locations. My second wash I purchased was a under performing 7 bay ss only with a tunnel less than a mile around the corner. The tunnel was on the main street I was on a cross...
  7. Rfreeman

    The biggest risk I have taken as a self serve owner….

    I don't want to hijack the thread but Im curious what type of vacs those are?
  8. Rfreeman

    Friction IBA guys. Same shutdown issue

    Have the same issue coach. I have signs but people don't care, too lazy, etc. On my front brushes I have broken 3 gearboxes bc the brushes get wrapped up on brushes guards. On the back the hitches tear up the bottom of the brushes they are all but gone while the rest of the brushes are okay with...
  9. Rfreeman

    Foamy brush issues

    If you have air as mentioned above next I would check your foam generator. Make sure it's clean and make sure something is in there to generate the foam.
  10. Rfreeman

    Best Change Machine

    Get a DRS and be done with it. Also once you put in the DRS you wont need the in bay bill acceptors you are thinking about in your other thread. I have 3 DRS machines wouldn't try another one and had Standard, Rowe, and American before
  11. Rfreeman

    21 Y/O, Potential First Car Wash, No RE Experience

    Maybe they found out what they were missing or overlooking????
  12. Rfreeman

    21 Y/O, Potential First Car Wash, No RE Experience

    Sounds like your blaming the industry based on declining results of your model. Funny how many of us here are ss operators and I know you won't find me complaining about the financial returns. Sure I don't have 3, 4, or 5 million in a single site like these express guys but my return on equity...
  13. Rfreeman

    21 Y/O, Potential First Car Wash, No RE Experience

    Hmmmm hiring it out, yes it can but one important factor especially in today's economy finding those people that are reliable.....let me know how that goes for you..... Get inside an equipment room and check out all the moving parts and let me know what you think. New or used your going to...
  14. Rfreeman

    What am I going to do?

    Hell I plan on hanging on to one of my washes until they put me in the ground for precisely this reason. I would go nuts with nothing to do.
  15. Rfreeman

    Foam Brush Chemical Consumption (To High!!!)

    Yes sir I know what you are talking about Mep and honestly I forgot to check that but was planning on it today. I am very OCD when it comes to having the floor clean and dry inside the pump room for the sole reason to identify leaks quickly and easily by stains on the ground.
  16. Rfreeman

    Foam Brush Chemical Consumption (To High!!!)

    That's why I say to myself a lot being in the car wash business. I can't think of any other plausible explanation. I purchased this location a year and half ago and shut it down for a rehab. Since reopening business has increased every month but burning through almost the entire 5 gallon...
  17. Rfreeman

    Foam Brush Chemical Consumption (To High!!!)

    Well I've come to the conclusion either my Mon- Thurs or Fri - Sun guy stole the soap. We were slammed busy this past weekend and I have been marking the bucket daily and we consumed almost an inch on the bucket. If you guys can't tell me any other plausible way the soap could gone down that...
  18. Rfreeman

    Changer Recommendations

    Hamilton DRS for sure......bullet proof!
  19. Rfreeman

    First wash due diligence questions.

    Again this place or any place for that matter can look like the Taj Mahal but does it make money to justify the investment? In your case you have $0 but all the potential in the world right.....well do you know how many deals were sold on potential only to flake out? The wash looks great but...
  20. Rfreeman

    First wash due diligence questions.

    I wouldn't even look at this deal unless you know that dirt is worth at least $650K. Why the $650K, because it offers you a margin of safety (you can turn around and sell the land) in case the car wash doesn't work out. This seller is out of their mind or looking for a sucker, maybe both. No...
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