Hey Guys,I'm working on my passive income goals this year and have my eye on a car wash. Wondering if anyone owns one and how you analyzed it? Any tips or insights? 

I've heard about a landlord that built a small coin operated self-serve car wash at his apartment complex for tenants and neighbors to use. I heard he did well. Does anyone have experience with this or a story to shar...

A laser car wash popped up for sale locally and is advertising an awesome 11% cap rate. Is this typical for a car wash? Usually higher cap rate indicates a risky investment or am investment that is difficult to manage...

I am looking at purchasing a car wash. I am overwhelmed a bit with the thought considering it would be a new investment for me (currently one SFH rental and 1 mulit family 6 unit apartment). However, I am very interes...

Has anyone converted a 4 bay or similar car wash into a retail space? I have a great opportunity to buy a 4 bay car wash that I imagine filling in the door openings with glass and a commercial door. The building is m...

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 machi...

Who here has ever owned a car wash? What does it cost to build one? What's the biggest factor in choosing a location? What cap rate can one expect?

Hello - Curious if anyone has a connection with investors/groups looking to buy full service car washes, mainly in FL in prime locations. 

Gross revenue of ~$75k, NOI of ~$35k, valuation based off 4.3x gross-revenue, not 5-7% cap rate. Better Cash flow monthly?My realtor called me recently with an interesting investment opportunity - a local car wash. It...

I'm helping a client who is interested in purchasing a car wash in Central Illinois (Peoria).  Has anyone bought or sold a Midwest car wash recently who could share the EBITDA multiplier that it was valued and/or sold...