Published: 2025-12-20
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Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Renovating the car wash could potentially double its profitability, leading to an additional $150,000+ in net annual income.
"I think you could double it. I think you could bring in 150,000 a year, maybe a little more net money in your pocket. So I think it could be a good deal."
Pending
Implementing credit card readers for vacuums can more than double revenue (from $2.50 to $6.00 average) and for self-serve bays, it can more than triple revenue (from $3 to over $10 average).
"So from 250 to six. So we over double the revenue. um self-s serve bays, it's more than that. I think our average credit card swipe on our self-s serve bays is over $10 now."
Pending
Replacing the automatic car wash system, including the payment kiosk, is estimated to cost between $250,000 and $300,000.
"If Jurious was to hire somebody, and we can call any of the firms that I deal with, you're looking at between 250,000 and $300,000. That payment kiosk that's out front, itself, just to pay for the car wash is 22 grand."
Pending
Cleaning the car wash's central pit in Cincinnati costs approximately $7,500 annually.
"And the city of Cincinnati to clean that place out. It's probably 7,500 bucks. So, it's at another 7,500 a year on this cuz it needs done."
Pending
Repairing car wash bays, including adding credit card readers and new graphics, costs approximately $1,500 per bay, totaling around $7,500 for five bays.
"The bays aren't super expensive to repair. You're looking at maybe $1,500 per bay. Putting a credit card reader, new new graphics, things like that. Easy stuff beyond painting the walls. 1,500 for five bays. So what? 7,500 bucks."
Correct
Chemical costs for a car wash should typically be 8-10% of gross revenue. In this case, $4,200 on $165,000 gross revenue is significantly lower than expected, suggesting a discrepancy.
"I spent maybe 8 to 10% of gross revenue on chemicals. He's spending 4,200 on 165."
Correct
Car wash owners should delegate tasks like picking up trash to employees, as their time is better spent on higher-value activities like business development and repairs.
"The owner of a car wash should never be picking up trash. It is never in your best interest to do it yourself on a regular basis."
Correct
Based on a $165,000 gross revenue, normal operating expenses for a car wash should be around $82,000. The stated expenses of $44,000 suggest a potential $40,000 discrepancy, possibly indicating underreported operational costs.
"I would expect him off uh 165 there to be about 82,000. So, he's saying there's only 44,000 in expenses. So, there's another 40,000 that he's maybe he's putting in his pocket, but for a normal car wash operation, there should be another 40,000 in operating expenses thereabout."
Pending
Providing tax returns is crucial for financing a car wash business; without them, obtaining financing beyond the real estate value will be difficult.
"Because if we get tax returns, you can get it financed. If there's no tax returns, you're going to be hardressed to get it financed beyond just the real estate value."
Correct
There is a risk of dealers selling used car wash equipment while claiming it is new.
"There have been a couple dealers. They will sell you equipment saying it's new and it's not. It's it's used."
Pending
Coin-operated car wash timers that require re-inserting money after each cycle (non-subsequent timers) are less efficient and less appealing to customers.
"It's a non-s subsequent timer, meaning you spend a buck 50 on it, which why buy a buck 50? Do two bucks. Um, you spend a buck 50 on it and you have to let it turn off and put new more quarters in it. It doesn't add up."
Correct
Transitioning vacuum payment to credit card readers can more than double revenue, increasing the average spend per customer from $2.50 to $6.00.
"So, we go from an average average person comes in pays cash, they spend 250 to vacuum out their car. With our credit card reader, the average person using the uh vacuum is now $6 per person."
Pending