A poet once wrote: No one knows what happens to you when you die, and that is a fact of life. Similarly, one of my college professors opined: All small businesses do not succeed and the ones that do don’t last forever.
Calculation of value is the process of determining business value, ownership interest, or value of intangibles whereas an appraisal is the process of developing an opinion of value.
Benny’s Carwash and Oil Change, a three-generation family-owned business has grown to seven car washes, five oil change facilities, and three B-Quik convenience stores in the Baton Rouge area. Celebrating Benny’s 65th year, the...
If you live in a part of the country that is particularly susceptible to wind/hail/tornado storms than you have seen one of two things happen (or both) to your wash’s building/property insurance. Rates have increased...
One of the feasibility studies I prepared in 2015 was for a new exterior express wash in Arizona. While discussing the project with one of the principals, I was told, “You know, Bob, out here we are seeing capture rates of...
The ability to achieve and maintain profits in the car wash industry is often dependent on numerous variables ranging from the location and demographics of the marketplace to the quality of service and operational costs.
Vacuum service at express car washes has evolved dramatically in the last decade. Most notable has been the rise of “free vacuums.” Customers no longer see free self-serve vacuums as a perk — they now expect the service to be...
Why worry about disinfection? The rise of super bacteria, deadly virus outbreaks, and increasing levels of allergens have put people of all nations on edge and heightened the awareness of being clean.
A state-of-the-art express exterior facility with three pay lanes and a central vacuuming system is certainly noteworthy, but it hardly qualifies for “unique” status. But placing all of those features in one design-forward...
There are three ways to wash a car: chemical, friction, and high pressure. Do we all agree? Send me an e-mail if you know of more, but these are the three I want to focus on in this article.
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