First think I want to do is thank you in advance for taking time to read this thread and allowing me to be a part of your group , any and all advice will be taken into account and very much appreciated even if its what some would call "tough love"
I am looking at a little 2 bay self serve car wash(one enclosed car and one outdoor for larger trucks/tractors) and 10 unit mini storage (10x15s) in a small town farming town (population about 500) not to far from where I live for a great price, it was built new in 1998 and has everything you expect a small car was to have including floor heat. It sits on about 3/4 to an acre and has room for me to put up another 30 x 70 storage building on it as well, the land is included in the sell. It was bank owned foreclosed property until about 3 months ago until a mutual connection of mine bought it along with 4 other car washes from the same bank. Prior to his purchase it was sitting unattended for about a year.
He went threw everything and has had it operating for the last 2 months and has been able to rent 9 out of 10 of the storage units out , he rented them for what one would consider under market value but he wanted to get them back on the map and making $ even if it was less then market value. my question being new and never owning anything like this is how many times per week would one expect to service a small car wash such as this?
There is no records as what the car wash can bring in and with it sitting a year it may take awhile for people to realize in the outlining areas its open again to get an accurate estimate I would think? anyone have a guess on what to expect? It is the only one in town as expected in a town of that size.
I am looking at a little 2 bay self serve car wash(one enclosed car and one outdoor for larger trucks/tractors) and 10 unit mini storage (10x15s) in a small town farming town (population about 500) not to far from where I live for a great price, it was built new in 1998 and has everything you expect a small car was to have including floor heat. It sits on about 3/4 to an acre and has room for me to put up another 30 x 70 storage building on it as well, the land is included in the sell. It was bank owned foreclosed property until about 3 months ago until a mutual connection of mine bought it along with 4 other car washes from the same bank. Prior to his purchase it was sitting unattended for about a year.
He went threw everything and has had it operating for the last 2 months and has been able to rent 9 out of 10 of the storage units out , he rented them for what one would consider under market value but he wanted to get them back on the map and making $ even if it was less then market value. my question being new and never owning anything like this is how many times per week would one expect to service a small car wash such as this?
There is no records as what the car wash can bring in and with it sitting a year it may take awhile for people to realize in the outlining areas its open again to get an accurate estimate I would think? anyone have a guess on what to expect? It is the only one in town as expected in a town of that size.
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