Newbie Needs Help On Evaluating An Opportunity

[Waxman]

a good fair offer is zero. no building equip or land?

you are crazy to even consider it.

if you want it that bad go work at a wash.

 

[Greg Pack]

Better for you, but likley that guy won't take it. I'm not handing my business over to someone who knows little about the business for 50K down.

IMO, A high purchase price and lower rent would be the most likely agreement that would work out.

 

[Ghetto Wash]

The opportunity does not include the land, building or equipment.

Bottom line for me - no land, no deal.

 

[Kevin James]

I wonder in what town or state this mystery car wash located?
This is what I’d offer him because I think everyone at some time in their life should be in the car wash business, it’s a lesson in life
$200 for the business, you’re basically buying blue sky
10% of the Gross Monthly Sales
10 yr. lease w. two 5yr. options.
$100K down and pay $25K/year for the next 4 years