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Updated almost 7 years ago on . Most recent reply

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25
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28
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Joshua Enriquez
  • Real Estate Agent
  • San Antonio, TX
28
Votes |
25
Posts

What are the pros/cons of investing in a coin car wash?

Joshua Enriquez
  • Real Estate Agent
  • San Antonio, TX
Posted

What are the pros/cons in investing in a coin car wash?

Most Popular Reply

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689
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511
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Blair Poelman
  • Real Estate Broker
  • Provo, UT
511
Votes |
689
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Blair Poelman
  • Real Estate Broker
  • Provo, UT
Replied

Pro: it's a cash business - Con: it's a lot of coins...  However several of these near me have converted to credit card machines.  I also like the idea of a coin changer when the coins are moving from the coin changer directly back into the bucket they came out of

EPA and waste water may be a factor.  I've seen plenty of oil and waste get dumped in these. 

Drain Maintenance -  Any time the truck or the bikes get super muddy they go to the coinop carwash for a rinse - I'd rather leave the muddy mess at the carwash instead of in front of my house - I imagine those drains have to be cleared out fairly often.

Winter:  Looks like you're in TX, so might not be as big of an issue for you, but during winter here in UT those hoses are constantly running to avoid freezing.

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