User Panel
User Panel
User Panel
|
Posted: 2/20/2021 11:53:11 PM EDT
[#1]
we opened a tunnel car wash this year, it had been something I wanted to do on this property since 1987(since before there was any car wash in town)
it opened right when covid hit...and its been making money ever since. cost to build, including land was about 2.5mil. we also don't do a damn thing, we did a joint venture(50/50) with a larger local car wash, so they run it, service it and sell the equipment that went in it. today we did 298 cars  Id love to do a laundromat, believe it or not there is not one in town because the cost of city water and how they calculate the fee's is astronomical....yet the car wash was no issue |
|
|
|
Posted: 2/21/2021 12:04:14 AM EDT
[#2]
I like your channel and I'm always wondering how the ghetto goblins are going to throw a wrench into your latest ventures.
Is the carwash revenue fairly consistent week to week? |
|
|
|
Posted: 2/21/2021 12:04:23 AM EDT
[#3]
Quote HistoryQuoted: Nothing like washing your car with recycled water and a broom that every other tom dick and harry washed their car with. Imagine what's embedded in the fibers of that brush that you're washing your car with? Fine if you dont give a shit about your car. Who the hell uses the brush on their paint?  That's for wheels and tires only. |
|
|
|
Posted: 2/21/2021 12:04:53 AM EDT
[#4]
I've been in the business since 92, full time since 2001. I own self serves and in bay automatics. It's alright.
A new SS/auto wash probably starts at about 800K and can run 1.5m. Used car washes can often be purchased for much less than the cost of new construction and are usually a better value if they have potential. The big money is in the express tunnels. But those projects are now running 3-5 million and everyone is stepping on each other toes. The big push in that segment is club memberships, just like gyms. OP, pm if you need some assistance. |
|
|
|
Posted: 2/21/2021 12:07:40 AM EDT
[#5]
Quote HistoryQuoted: we opened a tunnel car wash this year, it had been something I wanted to do on this property since 1987(since before there was any car wash in town) it opened right when covid hit...and its been making money ever since. cost to build, including land was about 2.5mil. we also don't do a damn thing, we did a joint venture(50/50) with a larger local car wash, so they run it, service it and sell the equipment that went in it. today we did 298 cars Id love to do a laundromat, believe it or not there is not one in town because the cost of city water and how they calculate the fee's is astronomical....yet the car wash was no issue Do a laundromat,car wash,green house... |
|
|
|
Posted: 2/21/2021 12:11:09 AM EDT
[#6]
My dad did a car wash for a few years... he turned a profit but the place was a maintenance nightmare and the number of times elderly people got themselves jammed up in the works of the auto wash bay was hilarious. Anyway, he got sick of it, sold out and retired.
|
|
|
|
Posted: 2/21/2021 12:11:39 AM EDT
[#7]
Quote HistoryQuoted: If you like your car, never use a carwash. Highly corrosive chemicals and abrasive filled brushes will destroy your vehicle. My 20 year old F250 says you're wrong. Probably been washed close to five thousand times while testing equipment, and still looks very good for it's age. |
|
|
|
Posted: 2/21/2021 12:14:10 AM EDT
[#8]
Cool.
|
|
|
|
Posted: 2/21/2021 12:15:26 AM EDT
[#9]
Quote HistoryQuoted: My 20 year old F250 says you're wrong. Probably been washed close to five thousand times while testing equipment, and still looks very good for it's age. Here’s a photo of your paint  Attached File |
|
|
|
Posted: 2/21/2021 12:20:00 AM EDT
[#10]
Quote HistoryQuoted: A modern car wash that will bring repeat customers will run about $180,000. Then you need property and a building with the proper utilities. Keeping an old wash going gets expensive and the failures will destroy customer base. If you like your car, never use a carwash. Highly corrosive chemicals and abrasive filled brushes will destroy your vehicle. Road salt is best left alone until the it can be thoroughly cleaned and flushed from all of the hidden areas of the body and frame. Running a salty car through a car wash only liquifies the salt and pushes it further into the sheet metal joints and/or frame.  Oh, good grief. I just don't believe what you're peddling here in that last sentence. I guess it's potentially credible that the brushes get dirty... but I spray the brush before it hits my car. |
|
|
|
Posted: 2/21/2021 12:20:12 AM EDT
[#11]
Quote HistoryQuoted: Here's a photo of your paint https://www.ar15.com/media/mediaFiles/179056/B9440F7D-42E7-4F8D-865A-65A1356AC8A1_jpe-1834565.JPG Quote HistoryQuoted: Quoted: My 20 year old F250 says you're wrong. Probably been washed close to five thousand times while testing equipment, and still looks very good for it's age. Here's a photo of your paint https://www.ar15.com/media/mediaFiles/179056/B9440F7D-42E7-4F8D-865A-65A1356AC8A1_jpe-1834565.JPG I don't, I am just trying to keep the salt off my truck. |
|
|
|
Posted: 2/21/2021 12:26:53 AM EDT
[#12]
Quote HistoryQuoted: @shockergd I’m going to need to know where yours are. I’d rather patronize Arfcom members than anyone else. Pickaway county |
|
|
|
Posted: 2/21/2021 12:27:41 AM EDT
[#13]
Quote HistoryQuoted: Username? Same as the YouTube video. Quickly approaching 2m subs on tiktok |
|
|
|
Posted: 2/21/2021 12:29:01 AM EDT
[#14]
I had a friend who owned 3 small car washes. He sold the land under 2 of them to developers and sold the 3rd outright and now owns a self storage place.
|
|
|
|
Posted: 2/21/2021 12:32:34 AM EDT
[#15]
working on RV storage, then mini storage.....then maybe a green house
Quote HistoryQuoted: Do a laundromat,car wash,green house... |
|
|
|
Posted: 2/21/2021 12:35:17 AM EDT
[#16]
Quote HistoryQuoted: Same as the YouTube video. Quickly approaching 2m subs on tiktok screw the carwash, tell us how to make money on tiktok! |
|
|
|
Posted: 2/21/2021 12:47:28 AM EDT
[#17]
Quote HistoryQuoted: That's the way that people that have a job think. They're in the real world of business there are so many tax write-offs, grants, exemptions, and methods to limit your tax liability only an idiot would look at the cash Revenue and not want to install credit card readers which would expand the customer base and add 50% to the sales. Now you tell me do you want $75,000 tax free or pay 15% on $200,000 and when it comes time to sell you have clean books and can sell that extra margin for 5 times multiplier? That's $75,000 cash income is going to cost you between half-a-million $1000000 down the road and lost equity. Equity you can tap into any time if you know what a bank wants Quote HistoryQuoted: Quoted: if you install that CC reader you will never be able to avoid paying taxes. That's the way that people that have a job think. They're in the real world of business there are so many tax write-offs, grants, exemptions, and methods to limit your tax liability only an idiot would look at the cash Revenue and not want to install credit card readers which would expand the customer base and add 50% to the sales. Now you tell me do you want $75,000 tax free or pay 15% on $200,000 and when it comes time to sell you have clean books and can sell that extra margin for 5 times multiplier? That's $75,000 cash income is going to cost you between half-a-million $1000000 down the road and lost equity. Equity you can tap into any time if you know what a bank wants Two reasons I avoid car washes. Cash only Long line. If there no line at the local one I'd go twice a month |
|
|
|
Posted: 2/21/2021 12:49:36 AM EDT
[#18]
Quote HistoryQuoted: we opened a tunnel car wash this year, it had been something I wanted to do on this property since 1987(since before there was any car wash in town) it opened right when covid hit...and its been making money ever since. cost to build, including land was about 2.5mil. we also don't do a damn thing, we did a joint venture(50/50) with a larger local car wash, so they run it, service it and sell the equipment that went in it. today we did 298 cars Id love to do a laundromat, believe it or not there is not one in town because the cost of city water and how they calculate the fee's is astronomical....yet the car wash was no issue It's not in stanwood. Is it? |
|
|
|
Posted: 2/21/2021 12:49:59 AM EDT
[#19]
nvm, been covered. |
|
|
|
Posted: 2/21/2021 12:54:30 AM EDT
[#20]
Quote HistoryQuoted: $5 bill in your $1 bill stack at 12:40. And a brilliant move on his part. You know how many fuckers commented on his YT video thinking they'd "caught" that? You've been had ;) OP, good vid, if oriented for the poor a little. It didn't seem like it made that much? $400 in 1.5 days? That's $97K per year for an asset you paid $675K for. Ehh idk. Maybe that is good. |
|
|
|
Posted: 2/21/2021 12:59:30 AM EDT
[#21]
nevermind
|
|
|
|
Posted: 2/21/2021 1:08:42 AM EDT
[#22]
Quote HistoryQuoted: Sweet fedora! The coin collection doors don’t weigh 35 lbs. Otherwise great video. I’ve been thinking of businesses to buy - self storage, car wash, etc. Great info. I’m a financial planner and have a client that owns 15 full service car washes and just sold them for almost $100 million to a private equity firm. Unbelievable how much money some of these can make. Country Club? |
|
|
|
Posted: 2/21/2021 1:10:42 AM EDT
[#23]
Quote HistoryQuoted: My aunt owns two DIY car washes in AZ, she hasn't made any significant money off of them since AZ made it much more difficult for illegals in that state and her clientele dropped off. She and my uncle bought them in the early 80s, it's just a matter of time until she just shutters them and sells the land. Kharn Lolwut |
|
|
|
Posted: 2/21/2021 1:31:09 AM EDT
[#24]
Quote HistoryQuoted: Methlamine? Sounds like someone has gone Breaking Bad...Heisenberg hat and all.  https://i.imgur.com/blipqll.jpg  |
|
|
|
Posted: 2/21/2021 1:36:39 AM EDT
[#25]
Quote HistoryQuoted: Here's a photo of your paint https://www.ar15.com/media/mediaFiles/179056/B9440F7D-42E7-4F8D-865A-65A1356AC8A1_jpe-1834565.JPG Quote HistoryQuoted: Quoted: My 20 year old F250 says you're wrong. Probably been washed close to five thousand times while testing equipment, and still looks very good for it's age. Here's a photo of your paint https://www.ar15.com/media/mediaFiles/179056/B9440F7D-42E7-4F8D-865A-65A1356AC8A1_jpe-1834565.JPG That is what my paint turned into just after a few months of an automatic car wash. |
|
|
|
Posted: 2/21/2021 1:49:48 AM EDT
[#26]
Based on what I have seen, if you open a car wash in a Puerto Rican neighborhood, you will always have customers. I'm talking lines out to the street on any day over 32o when it isn't raining.
|
|
|
|
Posted: 2/21/2021 2:34:54 AM EDT
[#27]
What’s in the spot free rinse?
Is it a rip off, because I feel like it’s a rip off |
|
|
|
Posted: 2/21/2021 2:35:27 AM EDT
[#28]
I bought a carwash a couple years back. It was $3M on leased land. I should have it paid off by 5 years if I don’t sell before that.
The industry is being consolidated by a few big players. I have people asking to buy frequently. |
|
|
|
Posted: 2/21/2021 2:48:23 AM EDT
[#29]
Quote HistoryQuoted: And a brilliant move on his part. You know how many fuckers commented on his YT video thinking they'd "caught" that? You've been had ;) OP, good vid, if oriented for the poor a little. It didn't seem like it made that much? $400 in 1.5 days? That's $97K per year for an asset you paid $675K for. Ehh idk. Maybe that is good. Taxes, how do they work? |
|
|
|
Posted: 2/21/2021 3:11:46 AM EDT
[#30]
Quote HistoryQuoted: Doesn't seem to be a problem around my place in Ohio. But people generally don't use them when it's that cold because you just end up with soapy ice on your vehicle.  If your vehicle isn't clean and dry by the time you exit the wash, find a new wash. I go through the wash below freezing all the time. |
|
|
|
Posted: 2/21/2021 4:25:12 AM EDT
[#31]
Quote HistoryQuoted: Taxes, how do they work? True maintenance costs, how do they work? |
|
|
|
Posted: 2/21/2021 5:48:31 AM EDT
[#32]
So what is the average profit per week/month/year on a car wash?
It would generally depend on area, but what is the profit after all expenses/insurance/mortgage/etc? |
|
|
|
Posted: 2/21/2021 6:32:07 AM EDT
[#33]
How much illicit gains are you laundering through it?
|
|
|
|
Posted: 2/21/2021 7:56:47 AM EDT
[#34]
Quote HistoryQuoted: That's the way that people that have a job think. They're in the real world of business there are so many tax write-offs, grants, exemptions, and methods to limit your tax liability only an idiot would look at the cash Revenue and not want to install credit card readers which would expand the customer base and add 50% to the sales. Now you tell me do you want $75,000 tax free or pay 15% on $200,000 and when it comes time to sell you have clean books and can sell that extra margin for 5 times multiplier? That's $75,000 cash income is going to cost you between half-a-million $1000000 down the road and lost equity. Equity you can tap into any time if you know what a bank wants Quote HistoryQuoted: Quoted: if you install that CC reader you will never be able to avoid paying taxes. That's the way that people that have a job think. They're in the real world of business there are so many tax write-offs, grants, exemptions, and methods to limit your tax liability only an idiot would look at the cash Revenue and not want to install credit card readers which would expand the customer base and add 50% to the sales. Now you tell me do you want $75,000 tax free or pay 15% on $200,000 and when it comes time to sell you have clean books and can sell that extra margin for 5 times multiplier? That's $75,000 cash income is going to cost you between half-a-million $1000000 down the road and lost equity. Equity you can tap into any time if you know what a bank wants It’s all a question of if you want an instant reward on your investment or not. I’d put the CC reader in personally. Your overhead is fixed for the mist part and you’re gonna pass through the cost of materials. The whole goal is to make money. Yeah you’re gonna pay taxes buy like you say you’re also building equity. Everyone knows what it takes to get into a briskness but most never think about what it takes to get out. You’ll have a hard time selling a losing business at the end to someone that is likely going to need financing to purchase it. |
|
|
|
Posted: 2/21/2021 8:32:49 AM EDT
[#35]
Quote HistoryQuoted: I said 'drive thru', it should've been 'drive in'. It was a very basic drive in, stop, wash cycle and drive out deal for $100k. Those fancy new car washes with LED lights would probably set you back $250k, then you have to have at least 10 vacuum bays, preferably 12. I'm guessing it would cost upwards of $1M to build from scratch depending on the cost of the real estate. Of course, if do like OP and find one in distress....profit. Quote HistoryQuoted: Quoted: Quoted: Think of the how much more money that same car wash would make in Florida or a southern state. I looked into a car wash about seven years back, a single drive thru automatic car wash cost $100k and that was not including infrastructure. The top of the line car wash with all the bells and whistles was around $200k. That's not bad. Now I'm interested. I said 'drive thru', it should've been 'drive in'. It was a very basic drive in, stop, wash cycle and drive out deal for $100k. Those fancy new car washes with LED lights would probably set you back $250k, then you have to have at least 10 vacuum bays, preferably 12. I'm guessing it would cost upwards of $1M to build from scratch depending on the cost of the real estate. Of course, if do like OP and find one in distress....profit. I have a friend that owns a half dozen of the fully automated drive through washes. Depending on the land cost it's between 1.1 and 1.3M for the build out. Roughly 25% down to finance. It'll pay itself completely off in 4-5 years if you don't take any salary. His big thing is monthly subscriptions for unlimited washes. It's cheap enough to run a car through the system that even if you washed your car every single day of the month he still makes a couple of bucks off you.... |
|
|
|
Posted: 2/21/2021 8:54:28 AM EDT
[#36]
Quote HistoryQuoted: Cat Pumps are awesome.. super dependable and parts availability is good.. Good luck in your endeavor.. I bought a new pressure washer late last year and have yet to use it. After much research; I went with the "buy once, cry once" M.O.. I bought a unit with a Honda engine and Cat pump. Hopefully it is a good notch above my old "homeowner grade" machine. |
|
|
|
Posted: 2/21/2021 9:03:54 AM EDT
[#37]
Quote HistoryQuoted: You aunt has sustained upside down businesses for 40 years? Yeah ok..... Quote HistoryQuoted: Quoted: My aunt owns two DIY car washes in AZ, she hasn't made any significant money off of them since AZ made it much more difficult for illegals in that state and her clientele dropped off. She and my uncle bought them in the early 80s, it's just a matter of time until she just shutters them and sells the land. Kharn You aunt has sustained upside down businesses for 40 years? Yeah ok..... "Any significant money" does not mean they're in the red, she's making a ton less money (adjusted for inflation, etc) than they were back in the 80s to 2010 (had to look it up, the law was SB1070) when AZ made it a requirement for non-citizens to carry their immigration papers at all times as their locations are in the hispanic ghetto. They were my deceased uncle's business, she had a 9-5 job until she was laid off at ~60yo, so they were living quite well. Now she's unwilling to walk away from the businesses for only the value of the land as no one wants to buy them, and they're only thing she has connecting her to the area. Her kids did push her to close down a coin-op laundromat that was losing money for 2+ years and moved all the machines to one of their apartment buildings in another state, as she couldn't push and pull the aging machines by herself anymore and was spending more and more money on repairmen. Kharn |
|
|
|
Posted: 2/21/2021 9:10:08 AM EDT
[#38]
Quote HistoryQuoted: Based on what I have seen, if you open a car wash in a Puerto Rican neighborhood, you will always have customers. I'm talking lines out to the street on any day over 32o when it isn't raining. I concur. I know such a place that also has check cashing, Western Union and phone cards in the same building, not sure if the same owner. |
|
|
|
Posted: 2/21/2021 9:12:50 AM EDT
[#39]
Quote HistoryQuoted: Pickaway county |
|
|
|
Posted: 2/21/2021 9:18:35 AM EDT
[#40]
Quote HistoryQuoted: 99% of people don't give a shit. I don't, I am just trying to keep the salt off my truck. Quote HistoryQuoted: Quoted: Quoted: My 20 year old F250 says you're wrong. Probably been washed close to five thousand times while testing equipment, and still looks very good for it's age. Here's a photo of your paint https://www.ar15.com/media/mediaFiles/179056/B9440F7D-42E7-4F8D-865A-65A1356AC8A1_jpe-1834565.JPG I don't, I am just trying to keep the salt off my truck. If that’s my paint after 20 years in NE Ohio I’ll be damn happy. |
|
|
|
Posted: 2/21/2021 9:31:58 AM EDT
[#41]
what gun are you carrying when you pickup the money?
|
|
|
|
Posted: 2/21/2021 9:42:40 AM EDT
[#42]
Quote HistoryQuoted: If your vehicle isn't clean and dry by the time you exit the wash, find a new wash. I go through the wash below freezing all the time. I'm talking about hand bays. My trucks won't fit in automatics. |
|
|
|
Posted: 2/21/2021 9:56:14 AM EDT
[#43]
Quote HistoryQuoted: What’s in the spot free rinse? Is it a rip off, because I feel like it’s a rip off water purified by reverse osmosis system- should have less thgan 25ppm total dissolved solids and as a result doesn't spot. A lot of shit car washes don't maintain their systems though. Use it to rinse the "tap" water off your vehicles |
|
|
|
Posted: 2/21/2021 10:00:13 AM EDT
[#44]
Quote HistoryQuoted: I bought a new pressure washer late last year and have yet to use it. After much research; I went with the "buy once, cry once" M.O.. I bought a unit with a Honda engine and Cat pump. Hopefully it is a good notch above my old "homeowner grade" machine. Don't run it dry or let it run long without water flow. If you do that the pump will easily outlast the engine. I've got twenty year old cat pumps that work every day-probably have 10k hours on them or more |
|
|
|
Posted: 2/21/2021 10:06:55 AM EDT
[#45]
i'm going to flash my butt at the op's car wash cameras next time i am in circleville
|
|
|
|
Posted: 2/21/2021 10:09:39 AM EDT
[#46]
Quote HistoryQuoted: what gun are you carrying when you pickup the money? I looked at a local wash that was for sale. The owner had been shot and killed by some thief while he was emptying the cash machines. |
|
|
|
Posted: 2/21/2021 10:31:31 AM EDT
[#47]
That’s the way to go.
MINIMAL EMPLOYEE OVERHEAD I was a 1/2 owner of a full service car wash about 25 years ago. Had about 10-15 full time employees. Car wash employees are generally pit bull owners with neck tattoos so keeping a full staff was hard to do between employee drug binges, DUI’s and jail time. Labor and everything that goes into labor costs pretty much kept that car wash operating on life support. If we didn’t have all the labor costs then it would have been a nice business. Great video. Best of luck to you. You were extremely smart to buy that set up vs a full service. |
|
|
|
Posted: 2/21/2021 10:35:30 AM EDT
[#48]
Quote HistoryQuoted: That is what my paint turned into just after a few months of an automatic car wash. Quote HistoryQuoted: Quoted: Quoted: My 20 year old F250 says you're wrong. Probably been washed close to five thousand times while testing equipment, and still looks very good for it's age. Here's a photo of your paint https://www.ar15.com/media/mediaFiles/179056/B9440F7D-42E7-4F8D-865A-65A1356AC8A1_jpe-1834565.JPG That is what my paint turned into just after a few months of an automatic car wash. |
|
|
|
Posted: 2/21/2021 10:37:19 AM EDT
[#49]
Quote HistoryQuoted: Nothing like washing your car with recycled water and a broom that every other tom dick and harry washed their car with. Imagine what's embedded in the fibers of that brush that you're washing your car with? Fine if you dont give a shit about your car. OP isn’t in the show room finish business. There is a market segment for this type of business and the OP has elected to fill that segment. He didn’t purchase this expecting to run Bugatti’s through it. For every guy that gives a shit about his cars paint there is a wife/ significant other that doesn’t give a shit about the paint and will gladly feed $$$ into that automatic bay. |
|
|
|
Posted: 2/21/2021 10:59:58 AM EDT
[#50]
Pink Elephant in Gig Harbor.
someone asked about cash, we do very very little cash, its mostly CC and subscription, there are 2 automated Kiosks that take payment. depending on the weather, we will have 1(if its winter and a rainy day), 2 or maybe 3 attentends, they are really just there to do the pre wash before it rolls thru the tunnel Quote HistoryQuoted: It's not in stanwood. Is it? |
|
|
Win a FREE Membership!
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.
