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How can I evaluate right price for car wash business? how much to install automatic payment machine?

I'm about to make an offer for car wash business from someone, How can I dettermine the right price since the business involve with cash only and when I see tax report is not that good?, Anyone know How much money I need to spend if possible I want to install automatic payment machine instead have someone who can be trusted as cashier standing up front (now a days its very risky could be robs even killed and very difficult to find someone can be trusted to handle so much cash for period of time) before each car entering the car wash alley.

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Answers (3)
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Mar 15, 2017
Steven St
World Business Partners, Inc
Los Angeles County, CA

You need to talk to some car wash owners BUT not in the area you are thinking about buying. Especially talk to those who have the kind of machine you are thinking about buying. The best source of information comes from business owners who already are in the business you want to be in. Call some of them and invite them to lunch. It will be your very best investment.

Hope this helps.

Apr 24, 2009
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The BAF Group LLC
MD

You are asking questions without enough information to go on. To get a automatic payment system is a question for someone who sells and installs such equipment - it is not a question that is likely to be answered here. As for pricing, it depends on the kind of car wash. One of the things you may want to do is to work the place for a week, watching how much money goes into the place and make a determination from that. But if you are in a northern climate, doing that now could be misleading since the majority of car washes in the north are done during the winter months, when car owners come to the car wash to get rid of the salt that is laid during snowfalls. So again, there is nowhere enough information to answer your questions.

Apr 22, 2009

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