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Kevin Kohler
  • Real Estate Broker | Investor | Property Manager
  • Plantation, FL
68
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228
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Self-Service Car Wash - Remote $$$ collection

Kevin Kohler
  • Real Estate Broker | Investor | Property Manager
  • Plantation, FL
Posted

I am buying 2 self-service Car washes as a JV and my partner and I are looking at best practices for how to remotely operate the properties. There is a guy already that removes trash and moves coins around from machines etc, but the seller lives locally when it comes to taking the cash to the bank for deposits. What are the things we should be looking at to facilitate efficient and safe collection of the revenue and depositing it into the bank?

Also, what are some good resources to compare newer tech for potential equipment upgrades etc to get the equipment onsite converted more to cashless payment systems?  

Thanks in advance for any insights!

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Henry Clark
Pro Member
#1 Commercial Real Estate Investing Contributor
  • Developer
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3,456
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Henry Clark
Pro Member
#1 Commercial Real Estate Investing Contributor
  • Developer
Replied

OP don't do it.  Unless you're on site and mechanically inclined I would stay away from it.  

Move to credit card only.  Otherwise, 30% of your cash flow will "keep" going out the door.

Go to your local Car wash and vet their operations to automate.

If you're dying to invest.  Have a friend with a Laundromat and 3 bay car wash you can buy.