Search results

Also---do these vending machines have any value? The soda machine needs repair (not sure how extensive) and the drop vend machine currently works. "][/URL] [/URL][/IMG]

Hey Guys, Many of you will remember my previous post about valuation of an existing car wash and my trials and tribulations. I went with a low offer and things are being considered so I will first, thank all of you who contributed either in the forums or via email. Now...I had mentioned that...

Washmee-very interesting frame of mind. Your points are well-noted. The other thing to think about is equity once the property and equipment is paid off. That counts for something also right? I mean--what mindset do most of you have with this business? Is it strictly a profit scenario where...

JMMUSTANG--Awesome response and thank you! As I've read here one of the better things to do is to finance for shorter terms--maybe take a 20 year note but pay off in 15 as things hum along. Based on your math from the above post--that is EXACTLY what I was thinking for valuation. A few things...

Robert-understood-without income info you are in the dark around the most important component. I've signed a non-disclosure agreement so information I can put in a public forum is limited. I do have taxes for the past 4 years as well as utility costs for the past 3 years. I don't have count...

But Robert...at the end of the day even you have not offered an "expert" opinion--at least nothing that is of value to help me form some sort of opinion with regard to an actual dollar figure. Perhaps I haven't included gross sales information and that is what is needed? I can't share that :(...

Hello again...my previous thread asked took a few different turns and I thought I would start a new one on strictly one topic: Valuation. 3SS+2IBA (one IBA Inoperable at the moment) Public tax information has the place assessed as: Land Value: $180,000 Improved Value...

Anyone have experience with lease purchase agreement? Any examples of terms or contingencies? Great feedback everyone!

Ha-I like the idea of hanging out for a while and seeing how things are going. And the idea of walking away if things look bad after I've been a little more hands on.

Hey-I like cheesecake! Seriously through, thank you to all for the comments and feedback. I'm hoping to spend some time at the wash this weekend and talk to a few people as well as put together a list of things that are not working or need help.

Mmurra and others-please go back and read the thread-I've been nothing but appreciative. I've pushed the thank you button and said thank you in many of my posts. Mmura-your post here is a "reaction"-I don't know any of you from a hill of beans-and I honestly value the feedback as I don't know...

Earl--I'm taking a little offense to your post but I'll give you the benefit of the doubt. I am not some dip$ hit that doesn't have any idea around business. Not that it matters, but I have a recent MBA and I do know the differences between an S Corp and LLC and SP. I also know how to...

2biz-yes, I understand this is a real commitment of time and labor and obviously money. If I wanted to do things like sit back and collect the money there are far better and easier ways of doing so (oh politics I don't want to bring them in!). Funny your wife is now ready to sell! Robert...

Thanks for the advice-yes, I think the most important is getting the place fully functioning with existing equipment. If it's going well after that, then I can maybe take my time to do additional upgrades as they are warranted/needed. RPH-agree with you on the blue sky and downward trend. I...

I agree that the purchase price needs to be for what the property does now as you never know what will happen right? Anyone use a business analysis tool or formula other than a multiplier X gross earnings to determine value? I'm working on getting detailed utilities expenses as it sounds like...

Washmee--I couldn't agree with you more! Definitely easy fixes--but bargaining chips nonetheless! I've used the search function a few times and was looking into the lighting issue as I think it's huge--especially during our long winter days/nights without much daylight. While our little...

JGinther--the car wash is in a pretty good location on a high visibility area at the end of the main street through town at a very high traffic intersection. I've attached a 2009 Traffic Count map. Of particular note, the Highway with the 9800 and 13900 numbers to the east (right) is closing...

I didn't say it looked bad guys-I said it needed a lot and it does. No working lights in SS bays or parking lot, old Mark VII doesn't work, vacuums don't work, hasn't been maintained...while I understand that may be ok with some of you-it's not ok with me and there is less "value" because of...

and I'll stop with this one for now--the SS pump/regulator rack:

Operable auto-cashier for current IBA: