Car Wash a good investment?
Hey BP members! I was toying with the idea (loosely) of investing in a car wash. There are two for sale in my vicinity. One has 5 bays, one of which is full service.
Question: does anyone have experience with a car wash? If so, what can you tell me about one - some detailed questions below:
-what constitutes a good deal? (number of bays, cost per bay) (location, obviously)
- how do you analyze one?
- what kind of monthly cashflow is considered "good" (net)?
- how much hassle is maintaining the equipment?
Thanks for any feedback you can provide!