I'm absolutely excited to do this new CAR WASH SERIES! I've had dozens, maybe hundreds of people ask for my help on negotiating a purchase money mortgage in order to buy real estate or a company without credit, so I made a course at investmentjoy.com/course that's now on pre-sale. You can get a coupon if you follow me on IG (In stories) Or in my discord (#course-coupon under chats)
Hey, if you were interested in another great laundromat opportunity there is a giant laundromat in Charleston,wv that isn't really taken care of anymore thats probably 3 to 4 times the size of yours that you show. Plus it isnt too far from you.
Protip. Your consumer base is weekly or biweekly washers. Target the daily ones. Fanatics. Host car events for bmw cars or vettes and such nearby. Low investment, high return. Would generate huge attention to your channel cause car people want to invest. Hope you see this.
I'm sure the irony is not lost on Brandon but remember that's a business that's outside and unlike myself, unlike Grimm Stephen and unlike jaspreet Singh and unlike meet Kevin, Brandon has the Captain Picard hair-do so kind of needs to keep his head warm. But he probably knew he was mentioning one of the chemicals and I'm sure that's not lost on him. But at least when he makes his legit unlike Heisenberg.
I was thinking about Breaking Bad. Buying a car Wash so unique alla Heisenberg. Nice video. I would like to know how much you make in a month on a car wash.
@@joshthesquash1793 probably more money than owning a carwash lol i mean if he made soo much money from car wash, why sell a course on youtube right lol its like elon musk selling a course on how to be a billionaire lmfao
I’m excited to see your growth, I live in Cincinnati and the surrounding areas are ripe for me to apply your exact formula. As a disabled vet I’m excited to one day start the journey. Keep filming it helps more then you know.
👋🏼 from Texas. We just went through a historic winter storm and I was AMAZED at how many people were at the car wash as soon as they could. Mind you, we didn't have water in our houses for days, but as soon as water returned, people were washing their cars!! The ice left everyone's car dirty once it thawed. 🤷🏽♀️
@Dirty Sanchez eh... since he says Ohio, and I am in Indiana really all year is best, winter is good cause of salt but also many older people flee south for winter. rest of the year is bug season and older peeps also tend to wash a lot so when they come back biz picks up due to them back in the area.
It is really dependent on the region and town you live in. We got a few places in the Midwest, and summer almost triples the winter numbers and we will even be backed up onto the main roads.
Finally! Always wanted to know how to run a carwash. Also tips for things we auto enthusiasts love in the manual bay: card readers, foam cannons, air cannons, and advertise that you use quality chemicals (of course only if you actually do). Lots of car washes use cheap chemicals and/or improper dilution rates that just ruin your paint sealant and clear coat. Excited to see more!
Hey brandon if you happen to see this notification - check it out.... you were so amateur back in these days. Your videos have improved SO MUCH! Congrats. I'm happy to be a supporter
This is absolutely amazing!!! You have made so much progress. Me and my family hope to do some of these things one day it's awesome to see you grow so much!!!
Subscribed !! I am I finance major and currently we are learning balance sheets and income statements This video is perfect to watch please make tons more
Thank you Brandon for trying to help people improve their lives financially by giving out tips. Thank you for sharing your knowledge. Watching your videos has made me find joy in investing with the little I have and trying to make it more. Your videos give me a sensation that makes me feel like doing the collection which really motivates me. Thank you again
As a suggestion, I would move your vacuums away from your self-service wash stations. If I only want to vacuum my car and there is a car behind me and a car being washed in the front I'd be blocked in.
My local one has them in front of the bays and on the edges of the lot so if you just need to vacuum you can be out of everyone’s way. Or if you’re doing a full clean you can vacuum before you roll into the bay
Wow thank you so much for creating this channel! I have been looking into purchasing either a car wash or a laundromat and found you! I’ve only watched two videos and listening to you has already been a huge help. Thank you for doing this!
Love the car wash idea. I hope it works out for you. This was a dream business for my dad. He always said that he would host classic car shows and other’s events at his. Feel free to use that idea.
I would love to see a car lot/self storage. However for YT I don't think it would work. I think it would be too passive (yeah yeah I know) I just think it wouldn't make much video content. I love that you bought the car wash!
When you calculate labor and maintenance, are you talking about an employee working there for $40 plus $200 ($240 labor) over the weekend? Your utilities for $46? Are you counting water, gas, electricity? I can’t see that only being only $46??? You must use a lot of water. What about soap, chemicals, average repairs, damage, theft? How harsh is the winter and how often do you have to repair or replace the roof? Has any machines been hit by cars yet? What does the company charge you to deliver and install the soap and chemicals? How often does this take place? Does the city charge you for a business license? How about hazardous chemical license and fees? Does the city care about the chemical run off? Also, your calculating your PITI for one Sunday as $133. Does that mean you should multiply that by 30 days in the month? Have you thought about damage claims yet from the auto car wash? Yes you have insurance, but what’s your deductible and at what point will your insurance company raise your rates from too many damage claims? I think your gross expenses are too low and should be much higher. There’s much more that needs to be calculated in the performance page you depicted. Also, what happens if there’s cars next to vacuums 1, 2, 3, 4? How do other cars get into the bays to be washed. They are blocked. Do they have to completely drive around to the other side? How does someone use vacuum 4? It’s blocked by the auto bay pay machine. If some tries to squeeze in there to use it, now they will be blocking the auto bay.
Good questions, however a video on this wouldn’t bring in views lmfao people just wanna hear good numbers no one wants to hear about all the actual logical side of a business
The misplaced $5 bill is a nice trick to get people to comment on the video. Genius! Btw thanks for the business videos. I’m learning a lot. I am wanting to buy either a carwash or laundromat myself. My convenience store is getting lonely.
A true story !!! Jim details cars , Jim details all types of cars . From there he just repeats ,. Wash and dry and details . Then he began selling used and occasionally brand new cars . Low over head I am happy as heck for him . He’s now worth about 100 billions of dollars Jim Pattison motors .
I knew someone who owned a carwash. He said it wasn't worth it. People trying to break into the change machine, breaking the wash hoses, vacuums, and cleanup was endless. After repair, insurance, utilities, just not much left. Now he is into laundry mats. He is making a lot more money. He pays someone to be there during business hours. It has pretty much eliminated theft, and damage.
Great content. My local wash similar to yours closes at 10 degrees or below. They do a heck of a business in the winter for customers getting salt off. All automatic bays use CC.
You are so awesome to share your knowledge with us. I am going to be receiving a substantial settlement in my near future and trying to think about how best to use the money so I don’t have to be a waitress until I am 70 yrs old. Thank you!!
Im 21 and i think im gonna invest my money into a business. I have an open mind but anything themed around cars is my go to. Great video idc about the money although i appreciate you sharing your finances especially for a business like this. Dont start a business like this if you cant handle its costs, and if you’re not willing to reinvest over and over again until your able to spend a bit.
This is first time seeing a you tube video where someone explains aspects of running a small business. Outstanding! Thank you so much for the information. Priceless!
I’d say opening a car wash in the dead of winter is a great idea. Everyone wants to get the corrosive salt off of their car, so they get it washed $. Also, adding a vending machine could give even more profit.
@@richardvargus7443 Life is more exciting than looking after a Car Wash for 10yrs! Not for me. I'd rather spend 10yrs getting a Pilot's license and fly around South America or Africa transporting for big bucks. If had his resources. Not filling soap bins every week. fuk.
Fastest Way To Dry Quarters. Put them In a glass or metal cooking pot and put them in the oven for an hour @ 400 then dump on a surface like plywood to cool down. You can use a heat gun but baking them works faster. I own a 4 bay self serve.
I personally like the self wash car washes because I get to spend a little time with my car and I get these cool tokens :D I enjoy spending the 10 minutes or so to wash my car and it’s quick c: so I’m super glad to see more of these c: best of luck!
Car Washes Dry cleaners(if you can find one) laundry mats. and Hot dog. Good wagons based on locations quietly put away a tidy sum every year. And whether you cater to Rich only or better the masses with additional service say a pants press.$$$$$.
Some states require a treatment system on the car wash depending on where the used water gets discharged to. The systems can run easily over 100K in setup and engineering fees. I find that is a huge pitfall for people who want to run a car washing operation. If anyone wants to buy one, be sure to check the water pollution standards and if treatment with sampling is required.
@@warriormanmaxx8991 Genius, you realize a car can transport more than one person? Also, I never said anything about people eating and drinking while washing their cars either. Where'd you get that from ehh?
I have seen a few videos but until this one, I did not know you were in circleville. I’m just down the road in Pickaway county as well and am inspired by what you have been able to do with the hand you’ve been dealt in life. Cheers
I was thinking this car wash looked familiar and then you said Ohio lol. 🤣 Congrats on the buy! There's a car wash up the street from my house and people are always in and out of it, definitely seems like they are cashing in. What I also see though quite often are broken machines and out of order signs 😳 doesn't seem like much of a problem though to keep up with maintenance since the profits seem pretty solid!
@@warriormanmaxx8991 No he did not. I didn't ask you for your input either. But everyone is free to say what they want, this is a public domain, boomer.
