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Buying 4 Bay Wash Tips

2 replies created about 1 year ago
posted by cwaltpgp about 1 year ago

I want to buy the four bay self service wand style wash in my town. It is in good condition but I have no idea how to compare the asking price to make sure I am getting a fair offer. Is there a commercial standard per sq ft for these type washes. Where do I start? The owner has given me last years financials but I have a suspicion they are not accurate. I need to make sure it will bring in enough money to make the loan payment. Any ideas for a newbie?


reply by Robert Roman about 1 year ago

Yes, it is usually a good idea to have at least a clue about an industry to help mitigate financial risk of capital loss before investing.

reply by cwaltpgp about 1 year ago

Thank you Robert! I appreciate the info very much!!!

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