He Made Millions Starting from $0 with a Carwash? (10 Steps)

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  • Опубліковано 23 гру 2024

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  • @CodieSanchezCT
    @CodieSanchezCT  Рік тому

    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

  • @InvestmentJoy
    @InvestmentJoy Рік тому +53

    Thanks for coming to Ohio! Was great to make content with you!

    • @FamousAmos120
      @FamousAmos120 Рік тому +2

      We appreciate your wisdom and insight! Thank you for sharing.

    • @cbmikey
      @cbmikey Рік тому +1

      Congrats and greetings from about 2 hours North on 23!

    • @polini65
      @polini65 Рік тому +1

      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 ?

    • @Inspower
      @Inspower Рік тому +1

      Thanks for the insight man!

    • @tpsu129
      @tpsu129 Рік тому +1

      How far are you car washes from each other?
      Basically, how far are you willing to go for a deal?

  • @artesedejesus9232
    @artesedejesus9232 Рік тому +6

    I follow so many entrepreneur/finance/motivation UA-camrs and Codie is killing them all right now. Content on point

  • @routinetrader
    @routinetrader Рік тому +1

    HIGH quality content and production here Codie. Subscribed.

  • @lancesanderson
    @lancesanderson Рік тому +13

    Absolutely love the quality of this video! Great car wash content.

  • @lhoover7334
    @lhoover7334 14 днів тому

    Thank you for the informative video

  • @Shorter_thenchuuya
    @Shorter_thenchuuya Рік тому +8

    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!!!!???

  • @sitterfo
    @sitterfo Рік тому +1

    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!!!

    • @crxss3
      @crxss3 Рік тому +1

      Do you own your own car wash now?

    • @sitterfo
      @sitterfo Рік тому +1

      @@crxss3 omg I wish!!!!

    • @crxss3
      @crxss3 Рік тому +1

      @@sitterfo what happenedd?

  • @PurplePeeps805
    @PurplePeeps805 Рік тому +5

    Good stuff! Big fan of you both! ❤

  • @danielquintanilla7925
    @danielquintanilla7925 Рік тому +1

    Car wash laundry Matt's and storage unit is the best. I need these.

    • @WashAnalytics
      @WashAnalytics 4 місяці тому +1

      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.

  • @Topself24
    @Topself24 Рік тому

    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

  • @kadenvanciel9335
    @kadenvanciel9335 Рік тому

    Let me know when you decide to interview Chris Atkins(Car Wash Chronicles) and Nathan Polatis(The Revestor).

  • @prathimadeshpande
    @prathimadeshpande 5 місяців тому

    Good to know all this
    I am new to all this

  • @chaselesser3191
    @chaselesser3191 Рік тому +1

    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.

  • @MrDorf007
    @MrDorf007 Рік тому +6

    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 ?

    • @jasonwitt8161
      @jasonwitt8161 Рік тому +1

      try Alberta, all those oilfield trucks need washing

    • @Xayelon
      @Xayelon Рік тому

      Unfortunately, Canadian business environment is extremely conservative

  • @seeitwithchris1041
    @seeitwithchris1041 Рік тому +1

    This was great and answered SEVERAL of my questions. Now I want to know how to FIND a carwash for sale :)

  • @fattestedtravel
    @fattestedtravel Рік тому +1

    I love the sports coat over the Ducktails tshirt

  • @groundedasmr1234
    @groundedasmr1234 Рік тому

    Thank you!

  • @sellingwithwill
    @sellingwithwill Рік тому +1

    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
      @InvestmentJoy Рік тому

      On my end the audio was better using dji wireless mics :D

    • @sellingwithwill
      @sellingwithwill Рік тому

      @@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.

  • @musanahshal5772
    @musanahshal5772 Рік тому

    Yes take guaranteed is key before you buy

  • @darwandoo
    @darwandoo Рік тому

    Thanks for sharing

  • @immelting9834
    @immelting9834 Рік тому +2

    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

    • @JayRiches
      @JayRiches 6 місяців тому

      They're almost always jammed packed

  • @GCInvesting
    @GCInvesting Рік тому

    Fantastic quality as always!

  • @BaldbeautyZ
    @BaldbeautyZ 7 місяців тому

    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.

  • @tooshay7396
    @tooshay7396 Рік тому +4

    So, recap
    Research research research
    Get $40,000
    Creative financing
    Reinvest in the business
    Find trustworthy people
    Add additional revenue streams
    Rinse, repeat

  • @LJCar2023
    @LJCar2023 Рік тому

    How can I find the traffic data for California?

  • @Godisone88
    @Godisone88 Рік тому +3

    Your videos are on point. I want to be like you❤te admiró

    • @Inspower
      @Inspower Рік тому +1

      I know right. Inspired my channel💯

  • @allywilkeforsenate
    @allywilkeforsenate Рік тому

    Where is the coming from zero part?

  • @happysmash27
    @happysmash27 Рік тому +2

    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?

    • @InvestmentJoy
      @InvestmentJoy Рік тому

      Depends on area but I'm a huge house hack fha fan.

    • @kornfedkustoms1548
      @kornfedkustoms1548 Рік тому

      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

  • @leonardcasimiro1142
    @leonardcasimiro1142 4 місяці тому

    ❤❤❤

  • @u.s.aarchangelforgod3679
    @u.s.aarchangelforgod3679 Рік тому

    Nice 👍🏽

  • @chriss4365
    @chriss4365 Рік тому +5

    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.

    • @InvestmentJoy
      @InvestmentJoy Рік тому +4

      Learn how to negotiate

    • @chriss4365
      @chriss4365 Рік тому +2

      @@InvestmentJoy any suggestions on a good teacher for learning negotiation?

    • @rebecca.smith.
      @rebecca.smith. Рік тому

      @@chriss4365 Chris Voss

  • @Breezyaon1
    @Breezyaon1 Рік тому

    What is UP WITH YOUR WARDROBE?
    THIS ISN'T THE 80'S EROTIC MOVIE lol

  • @l3LiTz
    @l3LiTz Рік тому

    Another zero to a billion dollars 🙈 absolutely amazing

  • @niteshkumar0202
    @niteshkumar0202 Рік тому

    I want to start my own business. How should I go ahead. I want to do something in online platforms

  • @asilverslining
    @asilverslining Рік тому +2

    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
      @InvestmentJoy Рік тому +1

      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.

    • @asilverslining
      @asilverslining Рік тому

      @@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 💪🏻

    • @InvestmentJoy
      @InvestmentJoy Рік тому

      @@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.

  • @spawnyboii
    @spawnyboii Рік тому

    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

    • @jasonwitt8161
      @jasonwitt8161 Рік тому

      it takes hard work to find them, don;t give up

    • @InvestmentJoy
      @InvestmentJoy Рік тому +2

      Your job is to find them

    • @WashAnalytics
      @WashAnalytics 4 місяці тому

      Search your county's GIS mapping. it will show the owner's name.

  • @Lucrabo
    @Lucrabo Рік тому +1

    Ohh thank you so much!! I was about to buy a Car Wash Business

  • @mvmeai
    @mvmeai Рік тому

    Rivers of Revenue ❤️

  • @MattSDance
    @MattSDance Рік тому +1

    👏👏

  • @wickedcosmos535
    @wickedcosmos535 Рік тому

    Found this from the short that was made.

  • @jasonreviews
    @jasonreviews Рік тому

    Wouldn't you save more time doing the credit card route? so you wouldn't have to collect money every week?

    • @InvestmentJoy
      @InvestmentJoy Рік тому +3

      We do take cards but don't force the customer to use them

    • @jasonreviews
      @jasonreviews Рік тому

      @@InvestmentJoy Nice

  • @charlottelewhe3884
    @charlottelewhe3884 Рік тому

    Love it ❤🎉

  • @WillieHen
    @WillieHen 3 місяці тому +1

    40,00 down? That’s not starting from 0

  • @rabiaabbasi9326
    @rabiaabbasi9326 Рік тому

    We are thinking about car wash business in canada...anyone can give guidance..i m from Pakistan

    • @rabiaabbasi9326
      @rabiaabbasi9326 Рік тому

      Plz tel me how to start and how much investment need

  • @tonywong6884
    @tonywong6884 Рік тому

    1M worth of equity...and maybe 2-3x cash on cash. But how many hard dollars? Does that even matter anymore these days?

    • @InvestmentJoy
      @InvestmentJoy Рік тому

      It matters but I don't do that level of breakdown publcially

  • @Dragonsthought
    @Dragonsthought Рік тому

    Might have developed a crush 😅

  • @shobinbinu4413
    @shobinbinu4413 Рік тому +1

    Madam Can I get your personal Mentor Ship🙏

  • @stir99
    @stir99 Рік тому

    why filming videos when making so much money ?

  • @walkingwithgod4084
    @walkingwithgod4084 Рік тому

    What iQ score I need I'm in the 80s

  • @____Bread____
    @____Bread____ 9 місяців тому

    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

  • @thomasjames3993
    @thomasjames3993 Рік тому

    Zero dollars? You're liars. I'm out.

  • @kyleb1984
    @kyleb1984 5 місяців тому

    Fake

  • @ObuluzorkelechukwuMonday-i4s
    @ObuluzorkelechukwuMonday-i4s 2 місяці тому

    Please help me I'm following you on line UA-cam help me give me access with some things

  • @amiga2091
    @amiga2091 Рік тому

    FIRST

  • @chrislanejones
    @chrislanejones Рік тому

    Just sent a photo to my wife of the thumbnail!
    Codie Sanchez and Investment Joy
    She knows I am in Heaven 🌤️☁️🌤️