Buying a 3rd Carwash For $5,000 : Should I?

I have carwashes down to a science. If you want to do carwashes as well click the link:
investmentjoytraining.com

[@JoshMoore424]

Did that dude just go through the wash with his windows down? That’s truly savage. Haha

[@ALi-yi9mg]

Was gonna say same thing

[@leeh.6377]

Me to thinking same thing

[@benmac940]

Thought it looked like it but giggled I must have been seeing things lol

[@nickpatrick1636]

I nhow right

[@samborambo9745]

Inside Needs a wash too

[@seanmulligan4123]

Purchasing the equipment would have been a good investment. While you may have had to store it temporarily. The ability to have closet stock of similar parts is valuable.

[@upMETHOD]

It's rare to find true entrepreneurs on KZbin... lots of folks giving business advice but very few of them are actually out hustling in the real world. I appreciate that you are out doing the work and sharing it here. You seem to be "walking the walk" not just trying to monetize regurgitated information on KZbin. Much respect my friend!

[@Travis2L]

So why you on here trying to steal his bc subscribers!?

[@dan_6915]

I just love scammers teaching about making money, yet the dont make any real money at all

[@tomtee4442]

I wouldn't say scammers don't make any money and here's why. This multi-level marketing called World crypto life some guys at the top are making some serious money but everyone else is getting literally scammed and hustled. Watch these hustlers with no physical address because in the world today of multi-level marketing, get rich quick schemes if you don't have a real physical address or no physical phone number that matches the address and if you don't have any real live references you can talk to but only two or three you better run away. There's a group of scammers that follow these multi-level marketing people around robbing them at every other business adventure with the multi-level marketers change their name it's the same company but no one in the Ponzi scheme knows this.

[@johnstutz4458]

Why don't you own a warehouse??? You need a base of operation and work shop. I would have bought that and stored it in my living room, that was an incredible price!

[@marke.1021]

Agreed a part storage shed or shop. Granted a bit more than a home garage sized amount of stuff to store but still.

[@matthewbrown6163]

As for using a warehouse for storage I often rent spare storage off unused factories. I find I hire the storage space needed for the task & then the business owner receives an income for fresh air. I usually get a mini insurance policy to cover the rental period.

[@davidreish211]

It would have Totally been worth it every penny and all the time it would have taken to get it removed and stored. I totally agree I would have Stored it in my living room if I had too.

[@matthewbrown6163]

I do the books of my friend's Laundromat & a thorough clean up of the hidden storage opened up 3 apartments he rents out & the tenants get cheaper rent to clean the laundromat as the operations (open / close is automatic). There was enough spares in these rooms to build a new laundromat. My years in film / video production taught me to keep things as a box of odd plugs / cables allowed me to use a refurbished amplifier as I found an adapter plug. I learned when I had my vending runs to keep those spares until you have all the same model machines. I chased a weird globe for the keypad until I recalled a box ox of odd globes I never used. Not sure on the amount of wear & tear on gear with all that snow but anything mechanical wears out.

[@diapernh]

His one car wash has a storage unit business… he has to have some spaces available

[@Wood_Review]

The channel has come a long way remember when you only had a couple hundred k. You deserve it

[@K5AmusementRides]

1:37 Are We Going To Ignore The Fact That They Were Washing The Car With The Windows Down lol

[@milrussell903]

Finally the comment I was looking for🤣🤣🤣🤣🤣🤣

[@JaneDoe-kb2jp]

Omg 😂😂😂 I’m like ain’t nobody gone say nothing 🤦🏾‍♂️

[@1982MCI]

I thought I was seeing things for a minute and once the wash frame cleared the camera and I could see again it’s like, nope, those windows are definitely Down!! Guess they wanted to wash inside and out and save a couple bucks

[@vids2002]

I'm ignoring because that is him driving the car for a video. Plus I own that model of car and hate seeing it get messed up lol

[@charleswhitney3235]

I'd buy a couple of storage containers and put them at the existing car wash. When you're ready to deploy the equipment sell the containers at a small profit or loss. You've got dozens of properties and there must be somewhere secure you can store this stuff :)

[@rwdplz1]

That truck driver is VERY confident in his backing up ability!

[@regimentairsoft]

There is a trick for looking threw security footage if you can see the damage on camera. Go back in the video to when you last where there / everything is ok (ie 4days). Then check the footage half way between now and then (2days) if you can see the fine work of your fantom pooper go back half way, if you cant see the damage go forward half way (1day) keep halving the time over and over again, eventually you will get close to the segment you want to see.

[@stevenflores6878]

So we just gonna ignore the guy washing his car with the windows down? 😂

[@MSG685]

I was looking for this comment.

[@organiccold]

Looks like people are blind hahaha

[@mattmurray764]

Yeah well those crown vics can handle it

[@user-so2rh9om6y]

😂😂😂😂😂

[@justinlillard5893]

Hahahaha

[@walterhiegel3020]

You should look at the carwash equipment as good backup equipment. The pumps, water heater, electric panel, tanks ro machine vending machines. All the copper you can get could be sent to recycle the wiring could be saved or recycled. If you have too many projects going then leave it but if you are waiting on things to begin then get the stuff and store the diff pieces in the diff laundromats and car washes. Maybe store it a couple months or so but find places for them to go. Maybe use a few pieces in a new build but they are suited as backups.

[@dannystarkridesfixed]

The phantom pooper!!. Sounds like the parts part was kind of a hard decision since it sounds like it was a good deal but if having to store it and not knowing when / how it would be used. Seems understandable on why you passed on it since it seemed like it wasn’t going to work out though a great deal. ESP since keeping in storage is a pain if it just sits for Ex amount of time without being installed. But it could have been flipped if it sat too long though.

[@FP5Gaming]

Oh yeah, gotta love the wash pit. When I worked in a Sunny's tunnel wash, the pit spanned the entire tunnel and we cleaned it every few months with shovels and pressure washers. A 55gal garbage can was like 300 pounds filled with gunk. Ended up nearly filling up our dumpster lol

[@nuggets5144]

I think u should take the deal since u r looking on buying a new car wash, especially since you’d be spending a quarter of a million dollars if u decline. Keep up the great work man

[@D4x4Bronc]

Should of bought it the equipment for the low and dumped it on your property with tarp covering everything till you bought another location. Or buy a old trailer or shipping container.

[@oldschool6345]

You've got too much on your plate when you have to turn down a 60k gain on equipment for something you feel you can use. I've seen guys buy a used semi trailer and load the goods in it, park it in storage, and drive it to the installation location when it came around. You don't even have to own a truck. Hiring a local to hook n pull is usually pretty reasonable. If you buy right on the trailer you'll resell it for same or close to it when you get done. Thanks for sharing

[@jcgizzle]

Smart

[@lorrellcompany]

Just found this channel and thank you! Great info

[@markumL703130]

I enjoy your content. Ive bought and sold lots of equipment in the past and my storage solution has always been the 53ft long dry container or trailer with chassis, which could be moved to another location when you eventually find one / buy one. Ive bought entire floors of manufacturing equipment, office equipment, inventory all to sold at a later date and location once its stored it the trailer. Just remember to take copious pictures before dismantling and moving the parts. Remember number them and keep nuts, bolts tagged and bagged with major pieces. Best of luck!!

[@RobertSmith-nm5vj]

I agree with the trailer idea!...my brother-in- law used several in his wrecking yard business.

[@flatfoot62]

Congratulations on the 1 million subs. I love your channel and the content. Thanks

[@sellison2192]

I'm surprised you don't have a barn with building materials and carwash materials in it. Sometimes you come across deals that can save you money down the road.

[@profesorbooty]

I'm guessing his storage business doesn't have any vacancies right now.

[@sellison2192]

@@profesorbooty using your own storage facility would be stupid. Every month you store stuff to save money you save less. Lol

[@profesorbooty]

@@sellison2192 Depends on the price of the units being rented and for the duration. Along with if he chooses to sell the equpment vs use it for his next car wash.

[@bebin73]

@@profesorbooty buy a shop or warehouse. You don’t want to use your own storage facility. You want to rent that and make $$.

[@profesorbooty]

@@bebin73 I generally agree, however, I recall the value of that equipment was 50k+ and he could have purchased it for 5k. Assuming he could sell it for 50k, it would take on the order of 10+ years of rental income to come out ahead.

[@bodiewane2294]

IAM a plumber we build carwashes I love the reverse osmosis all the copper valves 2in tees sand traps. hit the pipes just right an it all works the robotics on them are really cool..

[@nick9463]

Very interesting thank for the detailed info 👍

[@rongross8993]

Congratulations on 1mil!

[@edwardwebster9051]

I think as a detailer myself and wanting a carwash I would have bought the equipment kept the important components and listed the rest in a used carwash forum for equipment.

[@MainesFishNKitchen]

Hey man just found your channel and looking forward to more of your videos and looking at some of your past content my wife and I have been talking about a bit of the same business model with car washes and laundromats so I think that your channel will do me a lot of good as far as seeing what it really takes to get it done so I thank you what I lok forward to watching more.

[@Skymann702]

Is it possible to get a 10 x 10 storage shed at each location and put that equipment in there? Practically free on site storage

[@tucobenedicto109]

If you take the deal and own the storage place it sounds great, if not what is your cost to remove, store and for how long. Does everything work? If you don't own the land and the building you have problems! I now put the bell on ring. Glad the new car wash is working correctly. Upgrade the second location, put your order in now and yes the machine will take a while to come. But at least you will have those parts. You have all your lessons learned on you tube! Good luck.

[@NorthCoastT]

Sweet Crown Vic in the wash! My dream was to own a car wash and storage facility, you are currently living my dream.

[@jackhalford8699]

If you have several opportunities that present themselves, then it’s good to pass up. I personally would have stored that amount of equipment and been aggressive in finding a third location that I could have upgraded

[@gradeamemes8248]

Ya you should! And, congrats on 1M!!

[@lordFury]

Superb video, your content is awesome!

[@sadnlonelywithoutmydaughter911]

There's a carwash in Michigan which I hate now, but it's a 9-1o to enter and you can wash, vaccum air fresh carpet clean even use auto wash all day for that one fee. You have to restart the meter I think every 5 minutes but it's free. Well after you pay at the gate. I would love to have a few of those and one for trucks and trailers. Have my own well so I don't have to pay a water bill. So many things I want to do but I literally don't have a Pot to Piss in 😭

[@ranakia543]

I learned a lot that I didn't know about the car wash business. Thanks for sharing.

[@Bobherry]

CONGRATS ON ONE MILLION SUBS!

[@mickeylerch]

Sunbury has a great white castle there. Everytime we visit back home we always stop by the white castle from and to the airport in Columbus. Small world!

[@motore-cycling6511]

Is this equipment still available? Would love to buy this.

[@davidtowns7363]

I have done some similar type purchases storing sounds good but as you take equipment apart transport it store it and then attempt to put it back to use electronics and electrical equipment don't like to sit and what you think was good ends up being bad so 5000 was a great deal on the equipment but not time you pay for tear down removal storage reinstalling with the appropriate hauling it gets expensive and if you had problems while it's stored then you've created a monster with little nagging breakdowns. That's my thoughts as a business owner and entrepreneur. God bless. Enough said..

[@davidfair366]

Didn’t even notice you had one million subs

[@ChainringTours]

If the equipment is compatible and you can find the space to store most of it, it would be worth it to me if I was having 2 or more car wash locations. Downtime costs you money, getting parts takes time, sourcing parts takes time. Even if it's $8k to remove and store the stuff, in the long run you can make some of that back by selling it or not having to buy it when needed. An under $10k cost when you just dropped $200k+ on your place seems like a reasonable opportunity.

[@hughstephenson2957]

I woulda got it just for the equipment.. at least you'd have it in case you buy a third location. I owned a trucking company and would buy old trucks and trailers just for parts.. semi trailer axels in the 90s cost $500 apiece used. I could buy a whole trailer for that and have extra parts in case I needed em

[@jeremyroberts7592]

I think you made the best choice on not purchasing this used equipment. You don't want that type of reputation concerning your properties. Not to mention to how big of a burden it gets to be having to maintain used equipment that has no warranty and so on. I know of a couple property owners that got into this type of situation and they have had many troubles in keeping posative equity on their properties, and a good reputation. As a landlord/investor, your reputation is very important!

[@CloudsLoom]

Congratulations on a million subscribers. For the quality equipment on that site, I think you should have taken the risk to disassemble and store it. You could have made immediate use of some of it, and it would have been a real leg up on your next site. But I'm by no means a business mogul, so you probably made the right call.

[@allwhitess]

YO that truck was driving backwards 🤣🤣🤣

[@GamerTreasures]

congrats on hitting 1 milly!

[@madmobileautodetailing7030]

You could of buy the old place and put it in storage yes. You could of buy a use trailer and store all those equipment inside since use truck trailers are relatively cheap and have those equipment for later use or a new location. Equipment breaks and have spare parts ready available is great because money already spent

[@ditherdather]

Been through Sunbury countless times. Beautiful little town. I'm just down the road.

[@MrWallace484]

That car with window down had me cracking up 😂

[@SickPuppyNZ]

I would have purchased - the shipping container suggestion is a good idea, although that carries logistics and purchasing issues of it's own. Even using it to upgrade or replace equipment would have profited in a few months. The issues though - where to put it, what about the land owner when the property is stripped (it's not his assets, but he no longer has an income stream there. Plus once you start, at what point do you stop collecting 'assets'? Question - How much would storage have been for all this?

[@westhealgorithm]

I subbed off of the read!!!!

[@thischanneldoesntgetusedoften]

This system is actually the Hydrospray Cobra, Hydrospray owns the Rainmaker and Cobra

[@MrLogan2600]

i would of bought it and kept it in storage and then jumped on upgrading the first 2 locations and buying a third one

[@seirv0621]

Your time is the most valuable thing that you own. If I was in the situation with zero assets and just starting out in the car wash business I would hop on this extremely quick because of the value that it represents as I start my car wash business but since you already have a car wash a fully functional car wash that appears to be still under warranty there is no reason why you would need this equipment unless you already had a vacant car wash that needs rebuilding. And I'm sure there are vacant car washes that you can buy but again you would have to be in the position where you already had one otherwise you're just going to spend a lot of time and money trying to figure out if the car Wash is a good deal, good location and will make profit with the investment of the $5,000 equipment that you got it from that location. What seems most valuable to you right now is your time an effort to make your currently owned business a success. It's more of a quality versus quantity.

[@jestnessj3574]

BUY IT!!! You see the value in it. That's 70 to 100k in parts for 5k total, rent ac storage facility for about $200 to $300 per month for a year.

[@kevinerickson2595]

I see the same thing happen here with mechanic shops and other auto shop related businesses and in this situation you would really have to have a big yard or a building to store this stuff to where you can make it's simple enough to wear your not handling it 10 times before you install it somewhere else you need storage

[@joeyfaithful4497]

For the “smelly” part of the video are u able to get something put underground that seperates the dirt from water and have the water recylcled? So pretty much an underground strainer

[@randerson4124]

1 million subs because of that one coin collection video that the algorithm put into everyone's recommended vids, grats. As far as turning down that deal on the car wash equipment, after all the time and money you would have spent ripping it out, storing it, etc, I think the total cost would have equaled or exceeded just buying new/used from a vendor/ebay.

[@robertsparling]

You have a car wash bay to store the equipment. Plywood up the doors and save money. Or would you lose too much money if one bay was out of service?

[@boherrmannsen8219]

you did the right thing, its money out the window and you would have to storage it for X amount of time and not even then be sure that you would make use of it and as you say those deals come all the time so better get the deal when you know 100% when you need it

[@AO-bz6zc]

does the new touchless system really cost 250k? does it come with any warranties? are they reliable?

[@williamraymondhaynes1011]

I definitely want to get a carwash and an auto detailing shop

[@JayPatel-um9uf]

Hi. I have been watching your videos about carwash for few months.. you share very great information for you viewers. I have been interested in getting in to this business for last few years.I would appreciate if your share which companies you use for new equipment and supplier for vending machines and chemicals.. Thanks

[@chrisparker9672]

That rolled down window at 1:40 hahaha

[@gta1kev]

Yes, good thing u let it go. I think the best thing to do is to get everything new since it will cost more to keep it operational in the long run.

[@sadnlonelywithoutmydaughter911]

I know this was awhile ago but if I was you, I would invest in building a barn for a wharehouse storage and separate the food stuff from mechanical stuff like the car wash. If that deal still available I would jump on it.

[@profitgang8203]

What website did u purchase the car wash from?

[@RobertSmith-nm5vj]

I would have suggested you buy a transport truck ( cab & trailer) to use as storage for the car wash equipment!...then you set up on site for equipment removal, move to your own property for storage, and resell or use for a new site....the value of the car wash equipment, you said ,was

[@AimeMOfficial]

how do you do it.

[@bosshogg4324]

Yes get it sell the equipment or use it but get 2 containers place equipment in it until sold it used

[@patscott6804]

Would love to see how much money the touch less car wash is doing now that it's running good. Keep up the good work.

[@jdorffer]

You should have purchased the equipment, with the amount of places you own there had to be some place to store it

[@plo5fish576]

When you hire a contractor to clean commerical septic tanks. or What not. Do you tip? Do you as the business tip on the invoice? Do you privately tip in cash? asking for a noob

[@letaloudone]

For sure should have bought that equipment. Seems like it is cheaper than a auction. Worth paying storage on for a while.

[@Austint-101]

The guy who left his window open just picked up a date and he remembered he forgot to shower😂😂😂

[@jeremyhodges6957]

Please come and purchase the abandoned car was here in Milford, OH. It is on state route 28 near the post office. I would be willing to work for you at that location!

[@bkkenzo]

Would like to converse with you on finding ar washes for sale and get some knowledge on on owning one

[@stanleyshostak2737]

It seems like a great deal, however the amount of labor to remove everything then the storage costs. It doesn’t seem worth it, unless you started flipping the equipment.

[@rockvillesam3772]

Purchasing was the more difficult thing to do but would have yielded more long term success and benefit. The margin of return was so high on it that it would have been worth all the effort and hassle. Furthermore you would for sure have 1 more car wash opened now if you did that deal or at least opening soon. I would have given you the money to buy it and Id be an investor.

[@eld3moniod3monio40]

How you find these kind of car wash for sale.

[@fordkd1]

Take the deal because the value you get from it. You are always resale it or keep the equipment for repair.

[@joeyjohnson5657]

Personally I would have taken a lot of the equipment even if it wasn’t all of it. However, I don’t think your choice was all that wrong either.

[@RealJuiceWrld]

Good editing!

[@AljPropertyServices]

Where do I buy this type of stuff?

[@dallaswheeler55]

How do you find these places to buy?

[@mikea4074]

What about your storage unit you purchased? I would have done it

[@savvydirtfarmer]

Brandon, do a video on how the new wash has done in the last month. Really glad you guys have gotten it turned around are are starting to make some money on it!

[@InvestmentJoy]

Should soon

[@advkow]

I know that you don't get the land or building, and you'd have to put a lot in storage...but you're talking about way more than 5 grand worth of equipment it seems like a good deal?

[@jasone679]

Labor costs of removing, transporting, storing, and reinstalling will add up quick and you will still have used equipment that you don't know the history of. I stripped a rich person's lake house a couple years ago before they were having it tore down to build a new one in its place and while I got a bunch of really nice things, 80 percent of it is still taking up space in my warehouse because for one reason or another I haven't needed the stuff yet. I do wonder if it was just a bad idea, although I hated to see it go to a landfill when I knew it would be very nice for a rental property.

[@davidd6626]

I'm actually surprised that you don't have or buy a cheap vacant lot and put up an inexpensive storage barn... Great way to store on the cheap items you say you come across, taxable write offs, resale items if you decide not to use them etc. Laundry equipment, vending machine, car wash equipment.

[@bkkenzo]

I agree with who said ot would have been useful not a slot to have extra equipment even if you didn't have a location to put it in right away

[@mrwonk]

So, storage would be somewhere around $2k annually. Exactly what is the lost revenue and replacement cost if you have something break at one of your two carwashes? Those tanks aren't leaking by the way. Just the fitting. Probably a quick solder fix.

[@carplazallccarplazallc5076]

I would buy all of the equipment, I don’t own a car wash, but I do know how to market that stuff and I will buy it all today.

[@justinpaone2227]

The pits not that big of a deal I used to work at a full-service car wash and a couple of us would just jump down in there with shovels and shovel the Mach into a bobcat bucket. Then power wash everything out. It stunk for sure but I imagine the septic tank is worse. We also had a water reclamation pit that had to be occasionally cleaned out.

[@rexhenkle3377]

You being into rental properties I am surprised that you don't already have some type of warehouse for the various things needed for repairs or flipping. You know the things you need and use the most. I'm sure like everything else the stuff is n sale from time to time. Why not buy it then. It's like prepping except for businesses.

[@dylanstraub9612]

The investment is more than just 5k. I'm sure you factored the labor and storage (technically a loss of revenue if you stored it at your place). Given the value of the equipment even if it was sold or better yet auctioned off the real question is how long do you need to hang on to it and could you better serve your business partners by putting that money (upgrades) into the second car wash. At the end of the day only you know how much overextended you'd be if you made that move but I'm guessing you made the right call.

[@mikemelchiorre7414]

Since I don't have kids or family , I think that I would have bought the equipment , and stored it as spare parts , Hopefully find a reasonable priced storage yard for sale , maybe rent space out for RV's or boats .

[@sadnlonelywithoutmydaughter911]

KZbin's pissing me off🤬🤬🤬🤬about to figure out how to find a lawyer and sue them! Tired of constantly having to come back to the videos I'm watching and find out where I was cu it just either pulls up ads or other videos I'm not even touching my fone the lmno ___ not working

[@matthewbrown6163]

Mate, it's all catch 22 - you never know what problems you would have had as that equipment did not appear to be well serviced. There is a 4 bar car wash up for sale in my city & I have considered it as possible investment. However the asking price was a few hundred thousand above my expectations with 3 self wash bays & 1 automatic system. The owner seemed a bit reluctant to produce the Asset Registars before we discussed price expectations. I know when to close the books on a few time wasters but it takes all kinds in this world.

[@justinbeltran717]

I was taking this video so serious until I saw the guy with his windows down going threw the car wash 🤣

[@brandonmartin3518]

Did you notice your maintenance man that was tighten that leaky tank he's got more track marks on him then Jax Speedway used to