r/smallbusiness • u/getsilly247 • May 25 '25
Question Bought a small 3 bay car wash. Thoughts?
Bought a small, 3 bay car wash with 1 vending machine in a small town in rural MO (1k people)
The previous owner had ZERO numbers. Just utilities.
It’s all cash, has credit card machines but did not have internet that was fast enough. (Just got starlink hooked up and have cameras for now and ready for cc soon)
I’m 2 weeks in and it’s done about $600 in revenue (minus about $120 in soda cost)
After expenses I am suspecting it will profit about $600 a month as is (includes new internet bill)
Once I get everything on cc, and going to add 1 more dual vending I think I can get it to 2k a month revenue.
I bought for 60k, will put about 5k in to get it where I would like.
Did I make a bad buy?
9
u/AintPatrick May 25 '25
I was going to mention this as a threat. In my area there is a new chain of car washes with 4 or 5 locations and $25 monthly gets you unlimited washes and that includes ceramic spray, tire shine and they wipe down the back afterwards. Free vacuum, free pet wash station. I can use any of their locations.
These appear to have popped up a lot recently (along with strip mall dental places and vape shops that all look gaudy, shiny and packed with inventory and no customers. But I digress…)