ilmscore | My CARWASH Problems Have Cost Me THOUSANDS!

My CARWASH Problems Have Cost Me THOUSANDS!

Published: 2022-11-13
Status: Available | Analyzed

Predictions from this Video

Total: 9
Correct: 0
Incorrect: 0
Pending: 9
Unrated: 0
Prediction
Topic
Status
The speaker plans to improve their car wash over several years by spending money gradually on enhancements rather than hiring a full-time maintenance person. They intend to consolidate maintenance tasks across their car wash, laundromat, and rentals to ensure the maintenance person is consistently busy and well-compensated.
"I'd rather spend money over the course of time and make the car wash look better and be better over a few years and part of that is not hiring somebody 40 hours a week doing maintenance for us there's not 40 hours worth of work there probably is 40 hours worth of work between here and my laundromat and my rentals so we're trying to be aware and courteous of Tony's time and not running ragged make sure he's making money because he lives 45 minutes away from here"
Car Wash Business Strategy
Pending
The car wash operations are primarily controlled by a Windows 10 tablet, which cost $20,000.
"this is just a little Windows 10 tablet that runs the whole freaking car wash 90 of this station is a Windows tablet that I paid twenty thousand dollars for which is crazy"
Car Wash Technology
Pending
A car wash purchased for $1 million, with an estimated annual profit of $67,000 (a 6.72% return), would be cash flow negative if financed at a 7% interest rate, making it an unprofitable business acquisition under these conditions.
"if we take a look at that we divide it by a one million dollar purchase price it's a 6.72 return which if interest on a loan right now seven percent you would be cash flow negative on this so the business would not be worth it in any way shape or form"
Car Wash Investment Return
Pending
Despite not being a profitable business to purchase, the real estate for a car wash located on a main road on a one-acre site could be very valuable if financed at low interest rates (2-3%).
"but we're on the main drag of the road this is a huge site this is is like an acre so it's one of those things where it won't be a profitable business to buy but the real estate would be very much worth it if you could get access to money two percent or three percent"
Car Wash Real Estate Value
Pending
One American change machine is out of order and should hold $2,000 worth of quarters. The backup Hamilton machine with an XE validator is functional, but the speaker considers XE validators to be of poor quality.
"this change machine's out this is a American change machine this should hold about two thousand dollars worth of quarters and this machine's out their backup machine looks to be working that's a Hamilton there's an XE validator in it these are pieces of crap"
Car Wash Equipment Assessment
Pending
The speaker notes that while the backup Hamilton change machine is currently working, the XE validator it uses is considered low quality. This implies that the working machine might not be reliable long-term.
"that's a Hamilton there's an XE validator in it these are pieces of crap so the good machines down this one's up and running maybe"
Car Wash Equipment Assessment
Pending
A Unitec 'hard system' at the car wash appears to be broken.
"looks like a unitec hard system that's broke oh my gosh"
Car Wash Equipment Assessment
Pending
The speaker contemplates offering $500,000 for a car wash location, projecting a 13% cash-on-cash return with a 35% profit margin.
"maybe I should go back and tell them that I'll get I'll give them half a million for this location that would be a 13 cash on cash return and it's with a 35 margin too"
Car Wash Offer Strategy
Pending
The speaker aims to increase their own car wash profit margin to approximately 40%.
"we're trying to get ours up to like probably a 40 profit margin"
Car Wash Profit Margin Goal
Pending