Hello everyone
I’ve been talking to an owner about purchasing there car wash. I met with them last Friday to see the property and go over everything. The couple was very informative about what’s working and what isn’t working. I see potential to install other things to the bays like tire cleaner etc. They have a lot of verbal leases with advertising boards and an ice machine which help the revenue. My thing is they sent me a P&L report which shows a loss of 18k. While asking 324k for the property and lot next to it. I’m just curious what I should offer on it. Cause I know at there asking price it doesn’t make sense if they’re already losing money. It’s a 4 bay 2 vacuum car wash. Any opinions would be appreciated
thank you
I’ve been talking to an owner about purchasing there car wash. I met with them last Friday to see the property and go over everything. The couple was very informative about what’s working and what isn’t working. I see potential to install other things to the bays like tire cleaner etc. They have a lot of verbal leases with advertising boards and an ice machine which help the revenue. My thing is they sent me a P&L report which shows a loss of 18k. While asking 324k for the property and lot next to it. I’m just curious what I should offer on it. Cause I know at there asking price it doesn’t make sense if they’re already losing money. It’s a 4 bay 2 vacuum car wash. Any opinions would be appreciated
thank you
