HOW TO FIND CAR WASH BUSINESS'S TO BUY! My approach to becoming a self serve car wash owner!
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- Опубліковано 27 лип 2024
- Want to own your own Self-Serve Car Wash?
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www.thecarwashchronicles.com/
Instagram: carwashchronicles
Have you ever wondered how to find self serve car washes to buy? Check out this video because I'm going to share with you my approach on how I find car washes to buy. They say the best deals are always off market from buyer to buyer and in my experience that is very true.
This is one of the most common questions I get asked. How did you find your car wash? Im excited to share with you my process. I believe the coin op car wash business is one of the best business's to free up your time and do the things you enjoy in life the most. Car wash business's are a great investment when run the right way and can provide fantastic returns on your investment with minimal hours worked in a week. A great source of passive income.
After working for my Uncle for 2 years at he's car washes I really wanted my own and I came across this car wash. It was completely shutdown for many years so I approached the owner of the land and made a deal with him.
It took me 6 weeks to bring it back to life and open it and now the customers are starting to pour in. Not to mention I opened it during winter so I am yet. to see its full potential but here's a small taste of how its going so far! - Навчання та стиль
Its easy to find the owner, Tax records office will have the owners name and everything on file. A lot is public record and a simple county records inquiry. Bought two of my locations that way.
Yessir. Lots of public info out there. That’s awesome! 👍🏻
Is it fine if I were to talk to you privately to talk to you im through Instagram to ask some questions?
About how much do you buy them for? Do you get a loan? Trying to find a partner for some type of business and some info would help out.
@@chuyz2550 i’d be interested in a partner as well, where do you stay
@@CarWashChronicleshow can i get on touch with you?
I used to sell houses not to far from there. Grew up in Norco. Now I'm in Georgia. I found my car wash shut down and abandoned for 5 years. Your videos have been amazing help. I'm getting mine for 60K
Oh nice. Sounds like an amazing deal. Bring it back to life and reap the benefits. Great!
@@CarWashChronicles that's the plan. I'm gonna steal your letter idea and try to find me some more once we are up and running
@@lotbshow Perfect. Ya just never know
Wow, you found a car wash for 60k? Must be in Georgia.I cannot find any in AZ for under 1.5 million and it is a self serve one.
@@RJManeri1 yea, $500,000 is about the cheapest it’s getting around me in Cincinnati, OH
Yes! That's exactly the approach I took to purchase my businesses. Good hustle!
That’s awesome. Whatever it takes!
Thanks Chris for all the great information. It’s funny this is exactly what I was going to be doing once I have my finances in line
lol me too dude
Keep them videos coming man, me and my girl love watching them 👌👌👌.
Cheers Mario. Much appreciated and will do.
I plan on doing this as soon as I make enough to do it. Great video!
Thanks for the information, I just have new way to look a business opportunity.
Thanks Chris this was very informative.
You’re welcome. I’m glad.
I have attempted to look into car washes for sale, however at the start of when I was looking, was when a lot of SS/IBA washes around me all sold. There was one I was really looking into that was never listed online, however one day on the auditor's website, it shown a warranty deed to the parent company of the car dealership next door to it. Despite that happening back in April, they have not done one thing with the place yet to this day besides removing the lighted sign covers.
Very informative! Have been thinking about purchasing a car wash, a lot more now lately lol.
Thank you. That’s great.
love this I'm in process looking for my first car wash also!! can't wait. I'm in Chicago so not sure how good a car wash would be within winter time here any advise you maybe could do a video on how a car wash can make $$$ in winter months
These videos are awesome. Really makes me wish I lived in an area that was more densely populated to start doing something like this.
Thank you! Yes area makes a difference
Think outside the box, more than just Car Washes to the coin-op hustle.
Best of luck, there's opportunity out there.
Chris I appreciate your channel more than you know i dont have social media but would love to talk to you about car washes
awsome video
Nice 👍
Hey Chris how much do you think it would cost to renovate a 3 bay car wash? Adding everything brand new for all 3 bays and four new vacuums
Man ever time i watch your videos make me want buy one there even one over where i live but sad thing is one its been abandon for years over 10 to 18 years but looks pretty stripped no vacuums i belive ever thing out the bays are gone im sure the equipment room is pretty bad to being the age and im.sure it take alot getting it going again and sure be alot the buy it and getting going again think has 4 bays but im not rich enough to get it going and buying it only in my dreams but be prefect cause its only one close and no others one around for miles
Including repairs and replacements, how much would it cost to buy & start up a car wash on average?
Great 🙌🏾
👍🏻
Hey man hoping you are doing great as always’ I want to ask you a question today I passed a car wash that looks in bad condition machines don’t work leaks everywhere and I will like to start in business what should I do first? Thanks
Another great video! Where do you get your equipment and supplies when you take over an outdated car wash?
Thanks Thomas. Appreciate it! For the most part from Kleen Rite. They pretty much have everything you need for car wash equipment.
@@CarWashChronicles Ok great! I’m in the Orange county area and looking to start transitioning careers and begin investing in car washes. Any interest in mentoring or helping my out as I begin down that path? Thanks!
That’s great.
And not at the moment but I will be working on something in the near future where my services will be offered.
Chris, great content and I appreciate you taking the time to educate us on the ins and outs of starting a car wash business. I am curious and maybe you can use this for a future video, but did you go shopping for a defunct car wash first, or did you have your finances set aside before you started looking. Did you get a business license before you purchased your first car wash or did you do all of this afterwards? Did you ever consider buying new versus already established? Thanks again and I look forward to your next episode.
Thanks William. Appreciate it. Will definitely do a future video. I had finances in place but wasn’t a huge amount but enough to get started and reinvest profits. I got the business license after I got the car wash as it was an already existing it wasn’t an issue with the city. Havnt considered buying new as that’s a whole another ball game but I figured already established car washes were an easier starting point into the business.
@@CarWashChronicles I was actually curious about the same thing. How much should you offer for these places and I how do you find out how much there making and if it's even worth it. I know two places like that by my house completely shut down.
@@CarWashChronicles Also does it matter if other car washes are near by like a the ones ran by people .
Hey Chris, can you go into the loan process for something like this and how much you need to have? Saw a random run down carwash and your videos were the first to pop up. Thanks in advance
I would but it’s hard to talk about something I havn’t gone through myself. I inquired at a few banks one time and they said they don’t loan on shut down businesses. I’m sure it’s different if you’re purchasing the land as they could loan for the land if you meet the requirements but like I said I’ve never done a loan for a car wash.
@@CarWashChronicles thanks for the transparancy
I’ve been looking for shop space for my business and I found a 2 bay shop with a 4 bay wand car wash attached. Im wondering if the income from the car wash would offset a big part of the rent.
Do you sub out all the renovations? Who do you use?
I found a car wash listed for sale online and it is a run down car wash, but still operational. I used a real estate agent to get some info, but I have yet to sign anything with that agent. I was thinking of doing what you suggested and leave a note under the door and see if the seller would contact me directly. Since, I have no obligation to the agent, I don't see anything wrong with trying to do it without a buyer's agent. However, my guess is the seller will default to their seller agent. What do you think? Should I leave the note and try it?
Currently 21 in the corps and looking to buy a carwash to make passive income.
I guess my question is...do I get a loan to buy the car wash? How much is a good price?
I am interested in starting in starting a carwash business in my area because i am in a highly populated area without a decent car wash within 10 miles, however there aren't any car washes active or run down in my area. Would you try to lease a place and construct it into a car wash?
On average, how long does it take to make your cash on cash return and start earning 100% profit? Your video was well presented.
How can you determine what is a good selling price? I have some near me but they range from $300k - $1mil+ and I am not even sure I could get a business loan for that much. Im located outside of Houston so that may be the issue but I would like to get into this business.
Have you ever thought about buying a car wash attached to a gas station? There’s a gas station near me that’s up and running. The car wash however, is just used as storage. I want to ask if they plan on using it. If not I want to strike up a deal.
I’ve been hooked to this idea. How much cash should I save up?
A good start would be around 20-30k
Great video and thanks for the content, but holy crap you easily peeked your head over that fence, how tall are you?
Hahaha. Thanks!! Yeah wasn’t too difficult for me. 6’6. Lol
Great advice. I just realized that I am just not driving not enough miles. Looks like it's just like any other sales job. Thanks. Edit: Wouldn't you think a printed letter be better??
Takes a lot of miles. And yes, I’m sure a printed letter would be more professional.
I don’t know personally I think your hand written letter would get more of a call then a typed up letter
I've been typing mine but I think I may change up and write mine to make more personal instead of more professional
Should I build a new car wash from ground up? I live in an area where there are no car washes but is it wise as far as investing goes to build a brand new one from ground up?
I’ve never done it. I would say it would be a large investment because of city permits and construction for the clarifiers underground but if you have lots of capital I’m sure you’ll get a good return
So theres a bunch of closed self serve in my area but thats bc they went out bc of so many just drive through car washes where u dont get out of ur car, I’m in North east Ohio, how do u compete against drive through car washes versus self serve?
In my opinion it’s just different type of customers. I’m sure there’s plenty of people who use both anyway. I think they may have went out of business because they weren’t run properly with everything a self serve can offer. I have 3 full serve tunnel car washes all within 1 mile of mine and nine is consistently growing every month because I give a great product. Also it’s in the high desert where big trucks and RV’s come in with mud so they like to scrub themselves. And I charge $2 for 4 mins so people have the option to quick wash whereas the tunnel is I think $6. Ive never worried about tunnels near mine.
Any advice thanks
Can you give insight on money? Such as, how much did your fist cost? What price were you given and was able to Hagel down to? What steps you took to own a business or did you just decide to buy?
I want to open a self service car wash in my area and this video was great first step knowledge. Good vibez!
Thanks! Glad you enjoyed. I touch on those topics in many of my other videos. I’ll make sure to mention them in the next few vids
Afternoon sir I want to open car wash
Thanks for the advice. So you mentioned getting a car wash with little to no money. That is where I am. So when I contact the owner and they are interested, where do I go from there?
You want the owner of the car wash to own the land as well. They don’t want the car wash so they give it to you for free to run for them so you now become the business owner and pay them rent. Yes you’ll have to spend some on fixing it up but that could be overtime putting the profits back in the business
@@CarWashChronicles oh OK. That makes sense. So like you said in the video. You are paying them rent. So you are essentially their tenant. Thank you. One more question. If the car washes are so profitable (which they seem to be) why would the owner not just run it and keep the money themselves?
Yes I pay them rent. I asked my landlord the same thing when I got them and he said he didn’t want to and just wasn’t motivated to build and run carwashes he wanted a long term tenant to pay rent each month and do nothing.
@@CarWashChronicles awesome. I really appreciate your advice. Thank you. Good luck with your car washes.
@@CarWashChronicles what happens if the landlord decides to just sell the property? Are you essentially SOL and left to “hopefully I made my money back?” Genuinely curious. Thanks
Awesome advice. Can you give some advice on the next steps when you have an interested seller (examples)
Yes I can do a video on that for sure but basically it’s just negotiating on the terms with the seller and then the seller will usually draft up a contract either for sale or the business or a lease agreement or in some instances both “buy the business, rent the land” then once signed then basically you get the keys and take over. Then time to set up all things with the city (water in your name etc) get insurance and all that jazz
@@CarWashChronicles THANKS!! I'm going to start with the notes tomorrow
@@morningglorydevotional awesome. Goodluck!!
@@CarWashChronicles how do you know how much to offer though. I’ve been trying to find info about how to value a car wash. Plenty of videos and reading about how to value a laundromat but not a car wash.
I made my offer based on the location and what I knew the car washes were capable of making. Example, 6 bay car wash on very busy main rd with potential to make 40k per month would be much higher rent vs 4 bay on quiet rd only making 10k month.
Have you or your uncle ever bought or leased a carwash that had one real close ? like accross the street.. I have a chance to get one, its in good shape but been shut down for 2 years, due to previous owner bad decisions, bank repossed it but never opened it again. in the mean time someone open one across the street.. It's smaller and not well managed.. I think i could do better than them.. What are your thoughts ?
I would say not a problem at all. We’ve never done one with another right across the street but the fact you said it’s kinda rundown and mismanaged then you could build up a great car wash and the customers would come to you. If it was a big brand new beautiful car wash I probably wouldn’t try to compete with that one unless the rent was super cheap
If you don’t mind me asking, how much does it cost to purchase it at the face value + repair to get it looking good and running?
Every deal is different. In this instance they are selling the land and going to built apartments there. My car washes there was no purchase price as they were shut down. Landlord was just looking for a tenant who knew how to run a car wash so signed a lease and then I just had remodel costs which was about $50k
Do you have videos on how to finance a purchase of a carwash?
Not specifically on financing. I could go through a few financing options for car washes in a video so thanks for the idea.
@@CarWashChroniclesdid you ever come out with this video
Hi Chris, Do you do any mentoring? I also live in west LA and wanted to get into owning car washes
Hello. I offer phone consultations. If interested just send me a message on Instagram.
I'm actually looking at a car wash right now. I have spoke to the owner.
Great!
@@CarWashChronicles I’m watching videos and taking notes what video should I watch first of yours for a beginner like myself seeking information. Currently watching the one with you and your uncle.
Can you still make money with a car wash if you live in a cold weather cities?
Hi im curious how much of a best deal you got your car wash business through direct with the owner. Please thank
Yes I went straight to the owner and made a lease deal happen.
@@CarWashChronicles thank. But I want to know how much money do you offer for a rundown carwash business like that. Thank you
What’s the cost of everything??
Good afternoon, how would you fund the deal? Buy cash? Or get a bank to get you on a mortgage
I used cash to fund the rehab
How much would a lot on a busy santa monica street cost $MM.
Car wash loses its value over the years of not maintaining it some worse then others but it’s all worth it
👍🏻👌🏻
Hey man. Looking at purchasing a gas station that has a 2 bay detail biz on the location. The biz pays the gas owner 1250 a month to rent From him month to month. Assume u would end the lease and turn the 2 bays to a self wash. ?
I think would depend on the location. If it’s super busy road might be worth it. Just have to weigh up how much you think only 2 bays would make. If it can make $8k a month probably work it but if it’s quieter road and the state you’re in has more bad weather than good and might only make 4K per month plus all the day to day operations of running it than it might not be worth it and the rent might be better but if it’s great location and potentially can make 8k month then I’d go with the self serve bays
@@CarWashChronicles didn’t know there was that much day to day. It’s in a great location in St. Petersburg Beach Florida.
Thx for the nice response my friend !
I have a run down car wash in mind. Is in a SUPER busy corner, right next to a truckers station and eatery. It's been stripped of all equipment but I KNOW it will do well. When I buy it, who do I contact for equipment and install? Thank you in advance! BTW... Saw your Marine Corps Shirt too, are you a Marine? If so, Semper Fi, as I am also.
Thats great. Good looking out. The company that sells all the equipment is Kleen rite. For the install you will have to either find your own guy who knows car washes perhaps through other car wash owners, put an ad online otherwise theres plenty of companies who install equipment. They will most likely be more expensive than if you find your own guy
I hope you or anyone answers. There is a car wash for sale by owner for 795k and he says the cashflow is 70,483 net. That doesn't seem worth it at all and this car wash is super clean and all. What is the right multiple to pay for a car wash vs it's cashflow?
Is he factoring in rent? He might own the land outright and not paying himself rent which would affect the net quite a lot. And and does that price include the land or just the business?
Love your videos***** question i just started a self serve carwash any suggestions in how to fix this two issues
:1st issue selection out in bay works on its own without coins any idea ehy it does that.
2nd issue: ome of my bays when i put quarters & select high pressure rinse ,it dnt send signal to turn on pump inside but for foam brush it works jjst no high pressure selcetions..
Congrats on the purchase. It sounds like a wiring issue to me perhaps. Obviously it’s hard for me to know without looking at it but the wiring on the rotary switch could perhaps be loose or come off so give that a good look
How did you buy your first car wash with no little or no money? Was it owner financing? I’m trying to buy one but don’t have 100k to 1million???
Find one closed down. Contact owner and lease from him. No money down. Just need money to get it open.
how much is your monthly bill for the carwash including water, soap,electricity?
ua-cam.com/video/8TO1Bip2J3I/v-deo.html
I made a video on all expenses.
@@CarWashChronicles thx
How much would you be willing to pay for the first car wash?
That car wash is always busy and makes great money I’m sure so it wouldn’t be cheap. I would pay 500k but would have to be seller financed for me.
Hey, how do you get funds to purchase a car wash? What are the processes afterwards once you secure a deal from the owner?
Wish I new that I want start on my self
Go get a business loan man . Really simple . Easy capital
I'm looking at a carwash that has one across the street, 3 bay, versus the one i want has 6 bay,5 vacuum, it has been shut down for 2 years due to bad business from previous owner. But it is for sale or lease now. Have you ever seen a opportunity like that?
Yes. That’s how I got my 3. They were closed down for many years. Got a lease from the owner of the land (landlord) and started paying rent. Renovated it and built it up ready for open. Those are the best dead because there’s no purchase price. Free car wash. Go for it man.
@@CarWashChronicles but what if the business dont make enough money. Why would the first owner shut it down if it makes money. What u doing the current owner can do the same but they dont why?
Hey whats considered a deal? To buy or lease...who much money to invest on something like this.. both locations. My dream to won a car or truck(diesel)wash.
And thanks for your videos very encouraging..
You’re welcome. A deal is buy or lease. Either one just gotta make a good deal in order to take control of the car wash. Anywhere from $50k and up
Any Tips on if I don’t immediately have the money to buy it
I would ask for seller financing/straight lease the business so just need remodel costs/family. Whatever it takes.
Concidering buying a low profit mall carwash. Contacted owner. He is eager to sell
USMC t shirt? You just a fan or something?
Excuse me how can I get a hold of u I need some help I found a Carwash and want to start my business
Did you know that Nathan Polatis and Investment Joy bought their own car washes?
Yes. I love watching their videos
I want to get in that kind of business but I don’t have much cash to get started
Try to find financing but in the mean time keep educating yourself about the business.
That’s is a issue it’s hard to get financing because I have bad credit
@@CarWashChronicles / Thanks for the reply I never thought about the way that you get them. I have had a couple replies most no but I did have one that was kind of interested but i didn’t have the cash to put down.How far should I travel for one I live in a Small rural area should I go to a area of 100 miles or keep a shorter distance thanks
How come USA and not Australia is there the same demand in Australia
I live in the US now. Hard to run car washes in a different country
Why would you call the city first? What information are you trying to gather?
all those video cuts hurt my brain man
The Lucifer Morningstar of car wash.
🤣🤣🙏🙏
If you're still looking to buy a car wash location, I have a client in Pennsylvania who has one that he's open to selling. I've made an attempt to wholesale it together with my former investor partner but he cut himself out.
If you're not buying but you know other car wash buyers who still want to buy let me know.
Where In Pennsylvania and what’s the details?
On average , what’s a good price to pay for a self serve car wash as a tenant ?
I would say around $2500-$3000 per month. I’m going by Califirnia. Quiet roads a little less and busy roads a little more
What is the average price you pay for one
Around 2k-6k a month
Want to know the total average cost to start a self serve car wash business🤨🤨
Anywhere from 40k like me to millions to build brand new
the soundtrack is much louder than your speech and I have to keep adjusting for an acceptable level.
btw are you a model, because you are as tall and handsome as most models?
bec saw many men models
Haha. Thank you but no I’m not.
@@CarWashChronicles you should try tho
🤣🤣 Maybe I could give it a little effort lol.
Talk to fast but very nice informazioni
You are in a very expensive neighborhood.How much would these run down car washes with real estate sell for?
This one in particular land is for sale for around 9.5 mil. Will be developed into apartments.
noticed the shirt, are you ex-marine/ retired ?
No I am not. But much respect to them
If your looking for a distributor to help upgrade your equipment let me know.
I got a lead on a Carwash in Colorado if your interested, lmk!
Too far for me but thanks anyway
👀🍽🤟☕
Instead of writing notes why not get a handful of laminated Bussiness cards with your QR code on it
I think notes seem more personable and less corporate like. I could be wrong
You never explained how you started with no money to buy your first two car washes you mentioned it but you didn't explain it
Oops. Slipped my mind. Will have to explain next video
You're*
Sorry, I just had to.
Are u aussie?
I think so 🤣
Why not type your note, print, xerox multiple copies, and staple your business card to the note? Way more professional and no writing on location.
اسلام عليكم
Twice with the paper...ever heard of a note pad.
Nope