An absentee owner like me with multiple locations hundreds of miles away with a bunch of different site managers handling the cash has an added benefit with
tokens only. It?s more accountable, less inside theft. And btw, every big business chain has a bunch of peoples hands in the money. KFC, Exxon, Walmart, all of them. You gotta roll with the punches if you want to grow.
I?m going to convert this one location to $1
tokens only as a test site. I?m going to raise the bays from $1.50 for 4 ? minutes to $2 for 5 minutes, and bump up the vacs to $1. Instead of adding a quarter for more time, you add a buck. I?ve got two more car washes in the same city; same weather patterns, I?ll see if
tokens only really loses money.
Another reason for
tokens only: cost of conversion to multi
coin acceptance in 67 bays, 52 vacs, a slew of Flintstone drop shelf vendors, an air machine, etc. It would cost me at least $25,000 right now to upgrade all the equipment just to accept multiple
coins. And I would not get the benefits of less vandalism and less inside theft.
Sure it sounds politically correct to accept all forms of cash and credit, but there is a cost to do that and some losses that go along with it. You gotta factor all that stuff in. Remember, we are getting our equipment torn up every night. It?s the real world and its real money that I don?t have. Look who is
tokens only. Experienced operators. We?ll see.
J1