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No doubt. The new one is going to have lots of overhead with several employees. My old timer car wash owner friend says that the 1st owner usually goes bankrupt, the 2nd owner goes bankrupt half the time, the 3rd owner makes money. Probably applies in this situation perfectly.
Hello,
This forum is a great resource, have spent hours searching and reading and have learned a lot.
Was just about to put an offer in on a car wash(3 SS and 1 Auto), literally within the next week. Did a google search and found a brand new wash is going in within a mile(4 SS, 2 Auto, 2 RV...