Hey guys! This is part 2 of my new business series. Soon I'll reveal the SECOND business I got as a part of this deal with only 5% down and 3% interest over 20 years (Which is awesome for a commercial deal). It certainly isn't flawless but these will be amazing money makers. The carwash you see had a down payment of only around $13,000 which I think is something alot could afford so I developed a course that includes contracts and methods on how to do this exact same thing. Take a look and consider purchasing at : investmentjoy.com/course
As somebody that doesn't carry cash, I'm really glad that you're installing the credit card reader on the automatic. I've literally backed out and left a car wash because it didn't accept cards and I didn't have any cash
We drive past 4 car washes just to go to a car wash with credit cards, it's about 20 miles from us. It has many other things that just seem to be kept up well. Just use the self serve because it's a lofted vehicle and won't fit in the automatic. Spend about $12-18 on a self serve bay each week at least one maybe 2 times. Also the other big reason we use it is it was the only place that exchanged $20s and not $5s. It's easy to swing by a ATM to get cash but they only give out $20s yet only 1 car wash takes $20s.
Yup. I always keep a few hundred in cash on me... but other than the occasional vending machine, I haven’t touched it since I pulled it from an ATM a year ago. A lot of business owners hate CCs because of the processing fees... but that’s just the cost of doing business in this century. Too many fail to adapt and go under as a result. Great opportunity you found Brandon!
Helpful hint: Move your vacuum stations if you have the room. People will spend a lot of time vacuuming their vehicle, blocking other customers who just want to wash. By moving vacuums people can still vacuum and people can wash, keeping better flow will increase cash flow.
Being an established business people are use to the entrance and exit to the wash pulling into bay opposite way would be like cutting in line. People won't do it to avoid confrontation. People will say someone was washing so I decided to vacuum out my car or most of the time they are not spending money on the vacuum they are just cleaning trash out. It would be a big investment to move equipment and it might not be a issue in your area.
@@truepeacenik some places are designed to have one direction traffic. Yes, folks will still do so regardless. Moving wash stations if possible is best .
.... vending machine for car care stuff.... leather refresher, air freshener, tire shine, car wax, micro fiber towels, deer leather cloths.... just a thought.
He is working in 2 or three counties and ross county where one of his laundry mats is a handful of people own everything anyway so this statement isn't far off. I think we have 2 laundry mats in chillicothe with 20k people.
Regarding your valve issues with the RO water,. RO water is slightly acidic, consider switching to stainless valves (with consideration for dissimilar metals) or possibly plastic valves and piping.
I grew up down south, and those Ice machines are everywhere. I now live in Pennsylvania and have never seen one up here in 20 years. I know I buy bagged ice during the winter.
My small town car washes only do coins for self service. But in the city, the car washes have the ability to use credit and it’s really neat! You swipe your card and it waits until you’re finished washing and charges you based on how long you took, instead of having to constantly insert quarters.
When ceramic coating, the bulk of the price is in paint correction. Ceramic coating a paint job that has not cut and buffed at the same time just traps the grime forever... It's snake oil or worse if it's not used properly...
I was out in a t shirt today with snow on the ground. It was above 40 degrees and I was working so I was plenty warm. I think Ohio has similar climate to Illinois.
Best thing you can do to give the place a super quick clean is to get someone with a pressure washer and just go to town on all the brickwork. Will make a HUGE difference. You can see what the brick should look like at 15:45 where a poster used to be!
Personally, I’d clean the joint up both inside and outside before doing any ice thing. I’d be a little sketched out personally buying ice from a car wash, but especially a car wash that looks a tad ‘run-down’. I hope you decide to power wash and paint it at some point Brandon. Thanks again for sharing your businesses with us.
Ironically, the car wash looks like it could use a good pressure washing as a start to sprucing the place up. You can hire someone to do it or buy a good quality pressure washer and do it yourself.
@@cronicjointpain1 you could tell where a sign was previously and it was almost white...its all nasty. For sure gonna get dirty again but a deep clean would make people feel nicer in there
Brandon, what a coincidence! I had an offer to buy one just a month ago, but I passed. Now I'm working on finding a place to build one myself! Please keep us posted. Good luck!
4:00 exactly what I've been saying. All you get is problems and fix ups that take up your time. It's not passive like a laundromat. It ends up owning you
1224 in three days? that is pretty incredible, especially with it being so recent that you bought the spot! CC's will help you a ton, but keep an eye for skimmers. you do not want to have someone get their cc copied from your place and try to screw you over.
There’s a car wash in Farmington Missouri. It is referred to as the $8 car wash. And it is what we call it. You pay $8 and you can hand wash your car, get an automatic car wash, shampoo your carpets, add carpet fragrance, vacuum your car, and there’s a machine you can put your floor mats through that actually washes them! The entire car wash is gated in. You pay $8 and you can stay as long as you need. Instead of adding coins to hand wash your car, you just keep hitting the button every 15 minutes like you would when you put quarters in. It’s pretty sweet. Also I LOVE the water and ice machines, super cheap, really convenient. Love them!
Liked & Sub'd! I've been considering this for a while. We seem to think alike, based on your playlists. Very encouraging return-on- investment...especially snagging a carwash WITH infrastructure in full effect as part of the deal! Awesome stuff that anyone or a small group can make happen.😎
Overall good video! Would’ve liked an estimated monthly cost of running, materials and based on what you currently maintained the wash for, a monthly maintenance cost. Would be very interesting to see what the monthly cost vs the monthly income would be to see how valuable owning a car wash really is. Love this stuff tho, keep it up!
It is interesting buying businesses and you are going to have a lot of things to create content. Congrats. It would be good to see the mobile home park and laundromat really improved, but you are buying more businesses. I thought one complaint was that the places were dumps because your time was spread thin. Just the car wash could be a full-time job. I guess if the price is right and the spreadsheet works then they all can limp along. Seems like you need to know all the systems to teach another as you lose key employees. This could be a challenge. It is funny that as long as it is just debt you don't really count it as much as getting into it with low down. I get the concept but can't help but think having some without debt would create huge cash flow.
Just happened on your video and truly loved it I love seeing how things work. One word of advice about ceramic coatings. I am a detailer who does coatings and the type you are talking about adding is no where the same as a true ceramic coating. You cant add layers of it it wont bond a coating has to bond to bare paint only. Just a a tip.
My entrepreneur professor from school did what you are doing...he had at that time 147 car washes across So Cal. remember what you are buying and this is helping that...you are buying the land and the car wash is simply paying for it. You can wash and repeat the cycle over and over again with car washes. One thing I would think about and is something I see coming online here in So Cal washes is...a warm air blower in each bay that extends the time people are willing to pay for it and gives them a nice dry car. Typically with the vacuum, wash and air drying I usually spend 15 minutes in the bay, extra before hand at the vacuum stall before the washing and spend about $10-12 through either cash or credit. Cant wait to watch more.
I've waited a long time to comment on your videos and you have definitely went through this from the ground up. You made it. If you ever venture to North Alabama I'd like to suggest a business for you.
Friendly profit advice. Your current system uses coins and is a pre-pay system. Update the consoles to have card capability in the bay. No more coins and best of all the system can be set as a pay as you go system. Swipe, pump opens timer starts up to a maximum set by you at your market price or the customer selects the I'm Done button and it closes out the sale and charges their card. Watch on your cameras and see how many people load up the machine with quarters, start spraying, don't pay attention to the time, it expires and even though they aren't finished they don't put more money in, and drive away.
that old style control panel in the bay looks like the rotary quarter intake. if so when we were kids if you sprayed the water in the quarter slot it would spin it and you could wash your car for a dollar for as long as you wanted! you had to put the dollar in I guess to turn on the system then spray the water in the slot and you had unlimited time. silly stuff we learned and did as teenagers!
Interesting video. Thanks for sharing. While the bill count is cool it would be interesting to understand more of the recurring costs like water, electricity, heat, insurance, wash and foam, cleaners, etc. to get a sense for net versus just bill counts.
You are lucky you are the only game in town. Here in West Palm Beach FL, there is a car wash on every corner!!! Like literally it's like when they were building Walgreens and CVS on every corner, now it's carwashes! It's crazy! Love your videos. Makes me want to try this stuff.
Several local (north east texas, DFW metroplex) car washes have changed hands in the last few years, going from decrepit nineties wrecks to refreshed businesses, and they have all worked the extras. I mean, new machinery to transform a self-serve bay into an automatic or turning a bay into a bagged ice/cooler fill station on one end and a pet-washing station on the other. The biggest thing that makes them pop seems to be getting the buildings cleaned/painted, fixing the road sign, making it obvious that someone gives a darn again and they get seemingly constant business in the season.
Your living my dream..of owning a car wash location thank you for the information in this video.. I have two vending locations and Mobile car wash at moment..
R/O Water - - Used to keep marine fish (nemo) adding disired salt to the ro water sold by the 5 gallon refill of your own container via pet shop or tropical fish outlets for $x.xx You could also advertise the fact that you have ro water on tap and can do it cheaper (worth a thought just ask around locally at how much they charge undercut and away you go offering a cheaper service 24/7 just need to add a extra storage tank to the ro filteraton)
Its gonna be a pain, but once its had a lick of paint (white), equipment upgrades and the needed maintenance done, it should be an excellent money maker.
@Investment Joy I’m 19 and am really interested in business and real estate! I’ve started my own business last year after being inspired by you! I live nearby this car wash location and have previously worked at a Carwash in the past. I would love the opportunity to work at this location and learn some more about what it’s like owning these types of businesses. I look forward to your response! Thanks, Andrew Glass
I grew up in a small town in southern Indiana. There was an entrepreneur like you called Geno. He had a lot that had a salon, gun shop, tax place, and tons of vending machines. The vending machines were by the awning where there used to be gas pumps. It became known as Quarter Pop. People would say 'Meet me at the Quarter Pops.' It became a spot for gang activity so he had to take the vending down. BUT then a Dollar General built next door and he let a Food Truck lease that space and set up picnic tables!
I'm sure you have done extensive research, as you always have, but have you looked into product suppliers? Specific soaps that your equipment requires? Brand of soaps or quantities purchased? Check with your local autoparts stores. They should have hydraulic machines and fittings. Most stores will stock whatever hoses and fittings you need. May pay more than keeping a personal inventory, but helps in long run with overhead. I know we purchase superior products from our local oreilly. A 55 gal drum lasts forever.
Its the only car wash in town. Paint can wait. Pretty sure for now it blends in with the neighboring Dollar General and the trailer park. Money is better spent on his equipment and CC machine.
You definitely should retop/reseal the carwash driveway and paint the carwash so it looks alot nicer and cleaner. Plus you also should show us how the vacuums work since you've showed us how everything else works.
as someone who details as a hobby I can promise you the ceramic you are considering offering is not the same as a traditional ceramic coating from a detail shop. Id suggest going to a local detailer and speak to them about ceramic coatings and the shampoos you could offer that would work well with them.
Welcome to Ohio. I'm one that wears short sleeves and shorts all year long. Even if it's 3 degrees. I'm in NW Ohio though. Way I look at it is. Why complain about the cold, when you can just force your self to get used to it.
Majority/ if not all plumbing fittings should be stainless, the longevity of them speaks volumes. Saves you money in repairs, and countless hours of downtime. Might be worth looking into.
money is money. plus like he's stating its just starting and a lot of those expenses are just getting things back up and running, clean, etc. if you only focus on the negatives and not the big picture... at some point you'll be putting a small % into a reserve for maintenance and the rest will be just consumables with a much larger profit. especially once those CC readers come in and you have to check cash hoppers less frequently. not to mention you're putting money towards the equity in the business/property as well.
If you have to replace the payment system anyway with one that takes cards, make sure to add support for NFC/contactless payments. All my credit cards are now contactless, and many love their Apple Wallet and Google Pay. If you're going to spend the money for a payment system upgrade, you may as well try to embrace the future of payment technology. I actually refuse to go to gas stations that don't support contactless cards now. It just isn't worth the risk of skimmers.
This looks like a power-intense business (especially if you add refrigeration machines for ice). You might want to do a cost analysis for solar panels, depending on the cost of electricity in your area.
Looking good! I'm sure you're going to put additional detailing products in one of your machines too. Packs of Armor All wipes, little bottles of Windex, towels, leather chamois, air fresheners... Every so often I'd cave on a pack of Armor All wipes up at the car wash I often go to (located on part of what was once my grandpa's farm). Their bill exchangers gave gold Sacagawea/presidential dollar coins, everything accepted quarters and those dollar coins.
I service the refrigeration systems at a large ice storage warehouse. They provide ice bags to gas stations, and grocery stores. They have a self serve station at the warehouse, someone is always buying ice from that thing. Northwestern Indiana
He's doing great but is also in a lot of debt. I don't know what his net income is but it's probably less then you think. But yeah he's a baller in terms of assets.
it takes four guys to manualy wash cars in the uk in a busy place to 1000 pounds a day so your defo on a winner love the insight and the positivity you promote
Spoken for experience, running a carwash like you bought are real time bandits, the constant up keep even with the best equipment can be overwhelming at times. Something simple like a bent or sticky coin can unknowingly put a bay out of commission. Not to mention the numerous check valves, swivels, solenoid valves, hydrominders, hoses, nozzles. Etc. But, wish you best of luck in your endeavors from Southeast Michigan.
Coming from the convenience store industry I’d look at replacing that automatic bay ASAP. It eliminates all of that extra machinery and associated costs. Also, keep the bays clean, the grounds picked up and repaint all old paint. You need to be the go to car wash joint so image is everything. Dirty wash=bad wash. We would pay a company to pressure wash the bay every two months. Keep the floors clean and the walls algae free. Good luck!
I work at a car wash here in Wv. Started in 2019. Automatic and a self serve down the road too. The ss was absolute trash. Falling apart. Owner really just gave up on it. Finally sold it about four months ago. Someone really turned it around with a little bit of work and money. It had A LOT of potential.
The car wash near me has a vending machine for air fresheners, small bottles of car care products, etc. They also have really good signage and branding, they keep the place clean, accept credit cards. And really good lighting at night is important to make the place feel welcoming and safe.
as a car guy, you need better lightings. No one want to wash their car at night if the car wash is dim, or only with one light for the entire bay. Install some LED light fixtures, shouldn't cost too much but people will feel more safe when they are washing their car, and they can see what they might need...then that's where your tire shine, leather dresser sales.
