Search results

Good advise. Thanks.

> Does that price also work out to the 3-4x revenue some others have mentioned as another quick value indicator? Nope. 10x ebitda comes to 28% higher than 4x gross. > If another wash gets built down the road, are you still ok? Hmmm. Not sure how to figure that. I *think* it is unlikely...

The owner has priced out the carwash at 10x EBIDTA. Is that a fair range within the industry? Thanks!

> Exactly what Roz said. My background is real estate finance and yeah I would look at CAP rates but the deal has to pencil out with or without debt. Thanks. Yes, for most real estate deals, I give most emphasis on the cash-on-cash return after all expenses. > If your comfortable post the...

Excellent advise. Thanks so much.

Every other business that I've built, or real estate I've bought, I've read several books as a part of researching the industry. No worries on understanding financials, etc. But in structuring a deal for a car wash feels like lots of moving parts (maybe just my perception). I assume it is LOI...

Great advice. Thanks!

Thanks. Thankfully, it is closer to the latter situation.

Thanks! This is super helpful.

Thanks. I've been reading and learning a ton.

This is super helpful. Evaluating a potential car wash investment currently. Using method above, it looks like 5.85-8.85 is range for retail on loopnet for my state. Using your formulae, 6.5-9.5 might be a fair CAP range for a IBA+SS car wash. I'm curious from others is that range meshes with...

Thanks! They have provided 3 yrs. Good thought on watching actual car volume. Planning to employ my son (who is just finishing college) to learn, manage and run the business. Tips on making that a successful arrangement? Thanks, Chad

Everyone, how can you help a newcomer to your industry. I'm considering purchasing 2 car wash businesses in the same town. Only one competitor in town. The two for sale: One has 1 IBA and 3 SS, the other has 2 IBAs and 2 SS. Relatively new equipment--owner estimates has 15yrs life left on the...