Why do you say they lose money when pocketing 40% of there gross revenue. And that you can prove with running it for a wile they make less. Are they not loosing more money then ?
Hi Codie. This has nothing to do with this video. but I took your advice from a video about three months ago about doing ambient sounds and relaxing music for studying. I just started my channel 4 weeks ago. I am 50 and know nothing about computers. So not only have you encouraged me to start a side hustle, but have encouraged me to invest in myself. I would love to chat with you sometime!!!!???
I wish I had you before I bought my last business. I did all the wrong things! It was my 8th business that I bought but it was in a sector that I knew nothing about so I didn’t pay attention to all of the red flags. I learned so many expensive lessons but I have to say that it almost took me out of the game. I am so grateful to have found you now though because you’re amazing but honestly more so because it made me realize I am not the only one who had made some stupid mistakes. Haha thank you for being here on UA-cam for all of us small business owners. It means the world!!!
I own all 3. They are good. Storage is definitely passive. Car wash and laundromat not so much. Requires daily upkeep, cleaning, and maintenance. You have to be able to fix things, and be available every day or pay someone else to do it.
There is 4 car washes near me, within a mile, on the same road. If I go south a mile, there is 6 car washes on the same road, within a mile. And there are some others scattered in between. I feel like they are over crowding.
One suggestion -- Get a Wireless Go II device (2 mic bundle) for you and your guest. Your audio will be clean and crisp. Otherwise, good videos (though terrible audio just my 0.2 cents)
@@InvestmentJoy regardless of which mic you use, you have to fine tune it once it's in your editor of choice. I use FCPx and I make it sound crisp post production. If you leave it as-is, it sounds better than not using a mic but not professional and levels are not optimized.
Mom and pop car washes are dying out here in southeast Wisconsin from Chicago to Milwaukee. There is a new multi million dollar car wash being built every month around here. I don't know how these outfits make money with how much their pouring into these massive structures
So, recap Research research research Get $40,000 Creative financing Reinvest in the business Find trustworthy people Add additional revenue streams Rinse, repeat
40K down… That's starting from 40k, not 0! What I wonder, is, if able to make approximately $600/week with Doordash, and saving/reinvesting the vast majority of it, what the fastest way, to start turning that money into financing business that can make more money, would be. What is the cheapest realistic down payment to save up for?
around here banks want 20% down liquid cash minimum, 5 year balloon loan 15year amortization payment schedule and hard to find seller financing. If you want to make a little money in carwashing business start with alot of $ lol and although its not entirely passive like these videos say it is addicting
I run a Moo Moo Express Car wash near his in Ohio and noticed he had lots of our branded air fresheners even one hanging in the car ahaha he needs to invest his creating own to advertise. Great video!! :-)
@@InvestmentJoy Ah I see! I know Moo spends somewhere between $0.30-0.60 on just one single air freshener unit so if the demands not there then I see why you’d make that decision. Appreciate the reply 💪🏻
The voices in the background, the conversations are completely amateur, they are incomprehensible and they explain something for 1 minute in 7 minutes and say that they made a video. waste of time
![Businesses that Always Fail? 7 Businesses with Shockingly High Failure Rates [Backed by Data]](http://i.ytimg.com/vi/WTDYuRVZDbo/mqdefault.jpg)
Don't worry... you can simplify car wash acquisition with this free tool I made. I've got y'all ;) contrarian-thinking.ck.page/car-wash
Thanks for coming to Ohio! Was great to make content with you!
We appreciate your wisdom and insight! Thank you for sharing.
Congrats and greetings from about 2 hours North on 23!
Why do you say they lose money when pocketing 40% of there gross revenue. And that you can prove with running it for a wile they make less. Are they not loosing more money then ?
Thanks for the insight man!
How far are you car washes from each other?
Basically, how far are you willing to go for a deal?
I follow so many entrepreneur/finance/motivation UA-camrs and Codie is killing them all right now. Content on point
HIGH quality content and production here Codie. Subscribed.
Absolutely love the quality of this video! Great car wash content.
Lance, look, you won stuff from bots! Lucky guy you!
Glad you enjoy it!
Thank you for the informative video
Hi Codie. This has nothing to do with this video. but I took your advice from a video about three months ago about doing ambient sounds and relaxing music for studying. I just started my channel 4 weeks ago. I am 50 and know nothing about computers. So not only have you encouraged me to start a side hustle, but have encouraged me to invest in myself. I would love to chat with you sometime!!!!???
I wish I had you before I bought my last business. I did all the wrong things! It was my 8th business that I bought but it was in a sector that I knew nothing about so I didn’t pay attention to all of the red flags. I learned so many expensive lessons but I have to say that it almost took me out of the game. I am so grateful to have found you now though because you’re amazing but honestly more so because it made me realize I am not the only one who had made some stupid mistakes. Haha thank you for being here on UA-cam for all of us small business owners. It means the world!!!
Do you own your own car wash now?
@@crxss3 omg I wish!!!!
@@sitterfo what happenedd?
Good stuff! Big fan of you both! ❤
Car wash laundry Matt's and storage unit is the best. I need these.
I own all 3. They are good. Storage is definitely passive. Car wash and laundromat not so much. Requires daily upkeep, cleaning, and maintenance. You have to be able to fix things, and be available every day or pay someone else to do it.
I live in a densely residential area where you have to drive 15-20 minutes to go to a car wash. I am doing research as to why
Let me know when you decide to interview Chris Atkins(Car Wash Chronicles) and Nathan Polatis(The Revestor).
Good to know all this
I am new to all this
There is 4 car washes near me, within a mile, on the same road. If I go south a mile, there is 6 car washes on the same road, within a mile. And there are some others scattered in between.
I feel like they are over crowding.
Here in Kelowna BC (western Canada) it is easier to find a live dinosaur that it is to buy a car wash or a self storage.
Any suggestions Codie ?
try Alberta, all those oilfield trucks need washing
Unfortunately, Canadian business environment is extremely conservative
This was great and answered SEVERAL of my questions. Now I want to know how to FIND a carwash for sale :)
I love the sports coat over the Ducktails tshirt
Thanks :D
Thank you!
One suggestion -- Get a Wireless Go II device (2 mic bundle) for you and your guest. Your audio will be clean and crisp. Otherwise, good videos (though terrible audio just my 0.2 cents)
On my end the audio was better using dji wireless mics :D
@@InvestmentJoy regardless of which mic you use, you have to fine tune it once it's in your editor of choice. I use FCPx and I make it sound crisp post production. If you leave it as-is, it sounds better than not using a mic but not professional and levels are not optimized.
Yes take guaranteed is key before you buy
Thanks for sharing
Mom and pop car washes are dying out here in southeast Wisconsin from Chicago to Milwaukee. There is a new multi million dollar car wash being built every month around here. I don't know how these outfits make money with how much their pouring into these massive structures
They're almost always jammed packed
Fantastic quality as always!
I woke up and i want to open a car/truck wash in my area. but i would have to build it. I dont know how to start.
So, recap
Research research research
Get $40,000
Creative financing
Reinvest in the business
Find trustworthy people
Add additional revenue streams
Rinse, repeat
How can I find the traffic data for California?
Your videos are on point. I want to be like you❤te admiró
I know right. Inspired my channel💯
Where is the coming from zero part?
40K down… That's starting from 40k, not 0!
What I wonder, is, if able to make approximately $600/week with Doordash, and saving/reinvesting the vast majority of it, what the fastest way, to start turning that money into financing business that can make more money, would be. What is the cheapest realistic down payment to save up for?
Depends on area but I'm a huge house hack fha fan.
around here banks want 20% down liquid cash minimum, 5 year balloon loan 15year amortization payment schedule and hard to find seller financing. If you want to make a little money in carwashing business start with alot of $ lol and although its not entirely passive like these videos say it is addicting
❤❤❤
Nice 👍🏽
How do you actually construct a plan and convince the business owner to seller finance it to you? He is the real life Scrooge Mc Duck.
Learn how to negotiate
@@InvestmentJoy any suggestions on a good teacher for learning negotiation?
@@chriss4365 Chris Voss
What is UP WITH YOUR WARDROBE?
THIS ISN'T THE 80'S EROTIC MOVIE lol
Another zero to a billion dollars 🙈 absolutely amazing
I want to start my own business. How should I go ahead. I want to do something in online platforms
Unable to see the reply
@Pablo Picasso these are all bit responses
I run a Moo Moo Express Car wash near his in Ohio and noticed he had lots of our branded air fresheners even one hanging in the car ahaha he needs to invest his creating own to advertise. Great video!! :-)
Yes, plenty of moo moo freshers in the mechanical at ours.
Prices aren't favorable to 10k units and we haven't seen the need yet.
@@InvestmentJoy Ah I see! I know Moo spends somewhere between $0.30-0.60 on just one single air freshener unit so if the demands not there then I see why you’d make that decision. Appreciate the reply 💪🏻
@@asilverslining yep. I want to say at 5k or less they're 75c/ea, the same as what we pay for the regular little trees.
i was going to drop my job till i found out how hard it is to find the property mangers or owners ugh im sad
it takes hard work to find them, don;t give up
Your job is to find them
Search your county's GIS mapping. it will show the owner's name.
Ohh thank you so much!! I was about to buy a Car Wash Business
Rivers of Revenue ❤️
👏👏
Found this from the short that was made.
Wouldn't you save more time doing the credit card route? so you wouldn't have to collect money every week?
We do take cards but don't force the customer to use them
@@InvestmentJoy Nice
Love it ❤🎉
40,00 down? That’s not starting from 0
We are thinking about car wash business in canada...anyone can give guidance..i m from Pakistan
Plz tel me how to start and how much investment need
1M worth of equity...and maybe 2-3x cash on cash. But how many hard dollars? Does that even matter anymore these days?
It matters but I don't do that level of breakdown publcially
Might have developed a crush 😅
Madam Can I get your personal Mentor Ship🙏
Stop it!! You want more than a mentorship 💦
why filming videos when making so much money ?
What iQ score I need I'm in the 80s
The voices in the background, the conversations are completely amateur, they are incomprehensible and they explain something for 1 minute in 7 minutes and say that they made a video. waste of time
Zero dollars? You're liars. I'm out.
Fake
Please help me I'm following you on line UA-cam help me give me access with some things
FIRST
Just sent a photo to my wife of the thumbnail!
Codie Sanchez and Investment Joy
She knows I am in Heaven 🌤️☁️🌤️
Nice