EXPLAINED: Leasing VS Buying a Car Wash

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6 ай бұрын

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I still get alot of comment from people saying "I would never lease a car wash" or "Why don't you buy the car wash?" and I think people are still confused on leasing the car wash vs buying the car wash. Now I'm just talking about the business in this example. Of course in my opinion owning the land out right is the best scenario, but for a much cheaper entry point into the car wash business, leasing is the way to go for me.

Пікірлер: 15

@mcarter1990 5 ай бұрын

I just closed on my second Car Wash purchase bought it outright

@Toni-wi6ur 5 ай бұрын

How did you start?

@mcarter1990 5 ай бұрын

Lots of research and looking around.

@hassanturi518 5 ай бұрын

Do you live in America? And was the money for the second car wash from the first one ?

@mcarter1990 5 ай бұрын

Yes I live in America. Yes I invested all my profit into second wash. Trying to get Third by end of year @@hassanturi518

@cutthecurve5726 5 ай бұрын

For all you watchers out there! I’d recommend rewatching this video! He’s shared some amazing free knowledge inside! I’d listen to this 10x if you’re thinking about entering this space!

@timreilly5798 5 ай бұрын

Decent coin-ops in my area are 500K to 2 million to buy.. That’s why so many lease. They are almost too expensive to build today. Been in the car wash business over 50 years from coin- op, express tunnel and full serve. It’s been a great business..Good luck!

@groyper6567 5 ай бұрын

If you are on loopnet yeah you will find them for that price. Any run down/closed car wash is most likely sold at land value by the seller. Now you’ll be looking at maybe 50-100k. Which is why I think leasing until you are able to buy it outright is the best decision

@xram2010 5 ай бұрын

how do you know what a fair rent is? Is there something you look for to know if the rent is a fair price for both parties?

@808SSCamaro 5 ай бұрын

First sign of skipping gym days, baggy shirts! Better start doing 2 a days 🤪 Thanks for sharing Brother! Take care!

@e.b.9178 5 ай бұрын

Thank you so much for your great videos! I think the biggest reasons making me skeptical (as I have no background info about this business) are what if a corporate car wash business opened in the same area and lowered their prices to get me out of the market. The second reason is what are the fair conditions in case something like Covid pandemic happens and every business is closed or in case I want to terminate the lease (for moving to a different state or any other reason). Thank you!