Earth First Car Wash in Conifer, CO

[Ah Pook]

Not sure if these will help...

http://forum.autocareforum.com/
http://talkcarwash.com/forums


Have you seen any financials? Growth? How much/often does water have to be trucked in?

All the newer filtering requirements took a bite out of the profitability. You will have to be able to fix everything as repair calls will eat you alive.

[rockhound]

Not sure if these will help...

http://forum.autocareforum.com/
http://talkcarwash.com/forums


Have you seen any financials? Growth? How much/often does water have to be trucked in?

All the newer filtering requirements took a bite out of the profitability. You will have to be able to fix everything as repair calls will eat you alive.

Hopefully the due diligence documents would be available prior to making an offer. The property has had two owners since i moved to Bailey. It was closed for a long time it seemed between owners. They are advertising a 100K per year gross revenue. BFD 100K gross does not mean a whole lot, what is your cash flow sir? If you had a going business you would advertise cash flow not gross receipts.

I can gross a 100k all day long, but when you couple that with 95K in expenses your basically have a hobby.

The other thing that bother me about this sale is the that you do not own the building, just the equipment. What is the length of the lease? What are the terms for renewal? At what point will you and your equipment be told to hit the road? What are the concerns with the county over your waste disposal?

One thing You need to look into when buying a business that has waste is a at least a stage one if not a stage three soil contamination certification. You don't want to be buying someone else's superfund cleanup. This will cost you some coin for the testing.

I am going to say this again. Get yourself an agent, the agent selling the property is not your friend, he works for the seller.........

[Ah Pook]

I would be leary of just buying the business/fixtures. Kind of like a laundry mat. You can't just pick up and move if the landlord decides to jack the lease/cam fees.

FYI: There is a 4-5 bay carwash in mid-Gilpn Co. It is 5-7 years old and has been shut down for at least a year. My understanding is that the govt. repoed it for not paying taxes.

[Irving]

Environmental concerns follow the owner of the land, which is why I suspect they are okay leasing it.

[Rabid]

they have to truck their water in and recycle it until they get a new load. I am not sure what they are doing for waste issues as with any mountain property they would be on septic. The recycled water smells and is not as good a finished product as other car washes.

Correct me if i am wrong but i am pretty sure recycling the water is normal even in the city. I would guess being able to top off the tank daily would help with the smell of the water though.

[cofi]

Correct me if i am wrong but i am pretty sure recycling the water is normal even in the city. I would guess being able to top off the tank daily would help with the smell of the water though.

if your filters are good there shouldnt be any smell.....our car wash out here in the springs smells fine

[rockhound]

Environmental concerns follow the owner of the land, which is why I suspect they are okay leasing it.

Sorry, your lease will definitely make you responsible for anything that your business does to the owner's property.

[Irving]

I don't really think we are going to pursue this one. Seems like a lot of work to maintain in an area of business/skills I know little about. I want to be able to quit working and just invest in stuff, but not for only $50,000 a year at this carwash. There is a revenue agreememt with the Conoco across the street in case anyone else is interested.

[ChunkyMonkey]

If I would have known, my buddy just sold his.... His is next to the Rockies Auto on Federal and sold for REAL REAL great deal including 15 acres of land right off Federal Blvd. I was so tempted to grab that one --Plus the upside on the property value w/ zoning and possibly buyout by RTD for the light rail.

[Bailey Guns]

I don't really think we are going to pursue this one. Seems like a lot of work to maintain in an area of business/skills I know little about. I want to be able to quit working and just invest in stuff, but not for only $50,000 a year at this carwash. There is a revenue agreememt with the Conoco across the street in case anyone else is interested.

FWIW...I think that's a good call.