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So it's basically a build-to-suit scenario and you provide your own equipment. I've seen deals like this, and they charged a rent amount for the land based on current value, and then a rent amount for the building based on a % of construction cost.
Using your numbers, you need a proposed rent...
I looked into this more. The letter references the city code, and upon review, it was adopted in 1993. I built this wash in 2008, and the water softener was shown on the plans and in place for final inspection. So that's pretty weird that no one has said anything until now.
This letter was...
City just sent me a letter saying that any water treatment system that uses salt is no longer allowed, and I have 90 days to change my water treatment system. Ugh. I'm wondering if any of you have encountered this and what options are available. I think I can use potassium instead of salt in...
Every time the price of gas spikes, the local news always interviews people filling up their car at a local gas station. Without fail the answer to "What do you think about these high gas prices?" is "Well, I'll have to cut things out of my budget. Guess I'll drive a dirty car!"
When it costs...
There are no independent LPR systems. Each POS company has their own version that integrates with their POS.
What POS/LPR system you choose is a very big decision and an expensive one. Choose well.
If you have water supply issues, you can add a holding tank as a buffer that feeds into the pumps.
I had to that at one of my sites that only has a 1.5" water line after we added two D35 pumps. No issues since.
I've never accepted quarters at my SS locations. Been that way for 20 years. Customers can buy tokens valued at one dollar or insert bills directly into the meter boxes or use crypto pay.
One of the reasons that I made the decision to not accept quarters, besides not wanting to...
Dunkin Donuts is a good synergistic neighbor. I brought it up because I was going to suggest you buy the property, combine it with your existing property, and get an express wash approved on the entire site. Even if you had no interest in running a wash like that, you could sell the...
I looked up your wash. Great website. Street View on Google Maps shows the gas station next door to you being all boarded up. Have you considered buying it?
I own tunnels and SS washes, and I can tell you that tunnel customers (DIFM) and SS customers (DIY) are different, and they rarely cross-over.
SS washes can exist and thrive in the same trade-area as EE washes, just like Kim has shown.
EE washes will decimate an IBA however, friction...
I'm still hearing about high multiples here in CA, but that is probably due to the land value here. They were as high as 15x a few years ago, but now 10 - 12x is more common. No idea about other states. But that is for well designed and run express washes. For site that aren't top-notch...