I BOUGHT A CAR WASH: Will It Make Me Rich?
Published: 2025-09-27
Status:
Available
|
Analyzed
Published: 2025-09-27
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 1
Prediction
Topic
Status
The car wash business is projected to be one of the most profitable, on par with real estate operations.
"It's actually probably one of my most profitable businesses. Car washes are tied with my real estate operation."
Pending
The roofing company is currently the most profitable business.
"Roofing company's number one."
Incorrect
Subscription-based car wash models are predicted to be highly successful, generating consistent revenue regardless of usage or weather.
"subscriptionbased models are wonderful. It's like owning your own private version of Netflix where you're getting 20 30 bucks a month from everybody whether it rains or shines, whether they show up or not."
Pending
The average customer for a tunnel subscription car wash is expected to remain subscribed for 18 months and use the service three times per month.
"The average Tunnel subscription car wash member sign up, they keep it for 18 months. On average, they only use it three times a month."
Pending
A new car wash being built nearby is expected to cause a 20-30% loss in business, similar to a previous experience with a large private equity car wash.
"They're building a car wash 2 mi up the road from our other one. Now, when they built the gigantic private equity tunnel here in Circleville, this car wash lost about 20 to 30% of its business."
Pending
High-cost water softeners ($8,000 each) are experiencing issues, including broken heads and underfilled resin, suggesting potential installation fraud and ongoing maintenance expenses.
"We've had a severe problem with the water softener here. We think we fixed it. These were $8,000. They were already going bad. The head that switches the tanks over was broken. We fixed that, but now we have found that these are underfilled with resin."
Correct
The filter material for water softeners costs $190 per cubic foot, and a shortfall of 1.5 cubic feet per unit results in a loss of nearly $600 per softener.
"And the filter material is $190 per cubic foot. There's three and a half cubic feet in there. There's supposed to be five. So, we have a three cubic foot loss on them at almost $600."
Pending
Incoming water has a hardness of 45 grains, which needs to be reduced to 3 grains before reverse osmosis for ultra-pure water.
"It comes in at 45 grains of hardness. We try and get it down to three before it goes to reverse osmosis for ultra pure."
Pending
A single-stage reverse osmosis system costs $9,000, in addition to an $8,000 water softener.
"We're dealing with here on an $8,000 water softer with a $9,000 single stage reverse osmosis system."
Pending
A downturn in the economy is correlated with an increase in finding rare coins, such as a 1946 coin.
"The economy is definitely not doing super well. I'm running into rare coins again. just like whenever there's something goes on economic wise I start finding decent coins and you know 1946 that's not bad."
Pending
The laundromat is generating $3,500 in revenue over a two-week period, indicating it is a profitable venture.
"We did 3500 at the laundromat over the last two weekends. So I'm making decent money off the the laundromat."
Pending
Large semi-trucks are repeatedly causing damage to car wash equipment, including headers and gutters, without being held accountable.
"We've talked about how big semi-type trucks have come in and ripped out our headers more than once. We've had someone hit this one. They've hit that one recently because we haven't fixed it yet. Then you can see where they pulled around. They didn't hit the header. They hit the gutter and the gutter's curled up."
Pending