ilmscore | How To Run 2 Carwashes & 1 Laundromat With @jaimeibanezz

Predictions from this Video

Total: 11
Correct: 0
Incorrect: 0
Pending: 11
Unrated: 0
Prediction
Topic
Status
Car wash prices are being increased from $1 to $2 per wash due to rising costs of soap and water.
"we're increasing the price um i've talked a lot of car wash operators and they haven't had dollar car washes a long time the cost of soap's going up the cost of water is going up so we're raising those prices at the other location we've already increased it to do to two dollars"
Car Wash Pricing
Pending
The business is transitioning from cash-only to accepting credit cards and exploring new methods to increase revenue.
"we're adding credit cards these have been cash businesses since they were built and it's just one of those things where my partner and i we're trying to come up with some ideas and some methods to make more money out of these"
Car Wash Business Model
Pending
Plans to install ice and water vending machines to sell ice for $4-5, which is obtained for free.
"i thought about buying and putting in ice and water vending machines because we have some of the cleanest water in this whole area and i thought man it would be cool that i could come out here when i want to go to a party or go to the lake or whatever i could get a big giant um locker full of ice for you know i would sell it for like four or five dollars but i get it for free"
Vending Machines - Ice
Pending
Considering selling bottled drinks for $1 to be the cheapest 24/7 option in town and gain a competitive edge.
"we're also considering bottles if we sell bottles they'll be at a dollar a piece so i want to underprice everybody else in town 24 7 um to have the drinks accessible in the hope that i can beat on my competition"
Vending Machines - Drinks
Pending
Identifies a lack of drink vendors in a town of 9,000 people, with only three places to buy drinks within a three-mile radius.
"there's three locations in this town of 9 000 people to buy drinks within three miles"
Vending Machines - Market Opportunity
Pending
The town is experiencing population growth due to a new housing subdivision and proximity to an Amazon distribution center, indicating an increasing demand for drinks.
"they're building a 4 to 800 house subdivision in town yeah so the population here is growing the amazon distribution center is maybe four miles away and up north so this is a growing town and there's just not a lot of drink opportunity"
Vending Machines - Market Growth
Pending
Plans to install a drying system, specifically an 'air shaming' system, which uses high-pressure warm air to dry cars.
"we do not have the drying system yet that's something that we will is really important to us they actually now make a it's called an air shaming it's the coolest thing ever it's a like a high pressure warm air system and you use it to to spray warm air over your car to dry it off"
Car Wash Upgrades
Pending
Car wash prices are being increased by $1 per service to offset the cost of adding credit card readers.
"we are increasing the prices a dollar per one because we added credit cards and that was a really expensive upgrade we had to get"
Car Wash Pricing Increase
Pending
Each car wash was acquired for approximately $250,000, with a down payment of about $20,000 per location, utilizing a purchase money mortgage.
"we paid about 250 000 per car wash and then there was a storage locker facility on there but we only had to put down about five percent um which is about twenty thousand dollars per location"
Car Wash Acquisition Cost
Pending
The strategy for vending machines is to be the cheapest 24/7 option to gain market share and beat competitors.
"i want to underprice everybody else in town 24 7 um to have the drinks accessible in the hope that i can beat on my competition"
Vending Machine Strategy
Pending
Projects a revenue of $1,500 to $3,000 per month per vending machine location, considering it a significant return on investment.
"even if i don't make 3 000 a month per location even if i make 1500 per location it will be a astronomical investment"
Vending Machine Revenue Projection
Pending