ilmscore | We Bought A Carwash For $5,000

We Bought A Carwash For $5,000

Predictions from this Video

Total: 17
Correct: 0
Incorrect: 0
Pending: 17
Unrated: 0
Prediction
Topic
Status
The car wash is projected to generate between $20,000 and $25,000 in monthly revenue.
"we estimate at this rate he'll do roughly between 20 and 25 000 per month in Revenue at just this location alone"
Car Wash Revenue Projection
Pending
After expenses, the car wash is projected to yield a net profit of at least $10,000 per month.
"I think he can clear at least ten thousand dollars per month"
Car Wash Net Profit Projection
Pending
The owner is actively seeking additional car wash locations and is working with financial partners to expand his business.
"he's already looking at more locations now and we're helping him to find some Financial Partners in the area to help him grow his business"
Car Wash Business Growth
Pending
A used automatic car wash can be purchased for approximately $35,000, rebuilt for $5,000-$10,000, and installed for a total of $50,000, with a projected payback period of five months.
"you can go Bill buy a used um automatic car wash for around thirty five thousand dollars rebuild it yourself for five to ten and for fifty thousand dollars get some buddies together help install it you'll have a automatic car wash system for 50 Grand that'll pay itself off in five months"
Automatic Car Wash Investment
Pending
Building an express tunnel car wash bay can cost between $2.5 million and $3.5 million.
"private Equity firms and these big money guys they're going in and building these Express tunnels and they spend between two and a half and three and a half million dollars for one Bay"
Express Tunnel Car Wash Cost
Pending
A ground-up constructed express tunnel car wash can be built for $1 million and is expected to generate $40,000-$50,000 per month.
"he's done it for one million dollars and if he does it right it should be a forty to fifty thousand dollar per month location"
Ground-up Express Tunnel Car Wash Cost
Pending
Replacing the car wash stickers led to a tripling of income from vending products.
"we redid our stickers compared to our Baseline on vending products we tripled our income"
Car Wash Sticker Revenue Increase
Pending
Implementing credit card payment options is expected to increase the bottom line by 25%.
"adding credit cards is going to add 25 to your bottom line"
Adding Credit Card Payment
Pending
The car wash is located on a main road with a daily traffic count of nearly 31,000 cars.
"it's almost 31 000 in terms of cars per day it's the main road in this Texas town"
Car Wash Location Traffic
Pending
Monthly lease payments for the car wash property will convert into mortgage payments once the option to purchase is exercised.
"those monthly lease payments become a mortgage payment it's that simple"
Car Wash Lease Payment to Mortgage Conversion
Pending
Installing an automatic car wash is projected to increase monthly revenue from $20,000 to $30,000.
"having an auto wash here is we'll probably take it from 20 000 to 30 000 a month"
Car Wash Bay Revenue Increase
Pending
Improvements to labeling on vending products are expected to increase revenue by 10%.
"you'll increase your Revenue ten percent easy"
Vending Products Revenue Increase
Pending
A follow-up visit to check on the car wash progress is scheduled in six months.
"we'll be back to visit him in about six months and show you all the progress that he's made"
Car Wash Update Visit
Pending
Improved lighting at the car wash is expected to reduce instances of vandalism.
"better lighting will reduce vandalism"
Car Wash Lighting and Vandalism Reduction
Pending
Free sticker replacements can be obtained from the vendor, which can improve the appearance of the car wash equipment.
"the sticker replacement they'll they'll mail you the stickers for free"
Car Wash Property Value
Pending
Acquiring 12 new customers can generate $108 in daily revenue.
"12 new customers is a hundred and eight dollars that we made a day"
Car Wash Revenue from New Customers
Pending
Jacqueline, a 32-year-old mother, has gone under contract to purchase her own laundromat, fulfilling a long-term dream.
"next week I want to introduce you to Jacqueline she's a 32 year old mom who's been working in data injury for the past 10 years she's dreamed of owning her own laundromat and she just went under contract last week"
New Car Wash Location
Pending