I STARTED MY 3RD CAR WASH BUSINESS FOR FREE! MY SECRET!
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- เผยแพร่เมื่อ 27 ส.ค. 2024
- Want to own your own Self-Serve Car Wash?
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www.thecarwash...
Coin Counting machine: LINK: amzn.to/3b5tjfu
The book that changed my way of thinking about making money!
Rich Dad Poor Dad - Robert Kiyosaki
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/ carwashchronicles
Here it is! My 3rd car wash!
I found this car wash while looking at another self serve car wash I saw for sale online in Victorville. The one I looked at was in a far too quiet area but the broker told us about this other car wash completely shut down for many years.
We drove to the car wash and it was a mess. Yet we saw the potential that the 5 bay car wash had and was on a busier road. Not crazy busy but good enough to make some money every month.
Uncle Stewie decided to invest in the car wash and finance it while I would do the work to build it up, renovate it and bring it back to life. The investment paid of and gave a great return on the investment making back the initial investment in about 6 months and now it has made at least 6-8 times the initial investment and produces great passive income every month with little work. Consider it a great side hustle.
After working for my Uncle for 2 years at he's car washes I really wanted my own and I came across this car wash. It was completely shutdown for many years so I approached the owner of the land and made a deal with him.
It took me 6 weeks to bring it back to life and open it and now the customers are starting to pour in. Not to mention I opened it during winter so I am yet. to see its full potential but here's a small taste of how its going so far!
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I don't think people ever get tired of collection videos.
Something oddly satisfying about seeing tokens/quarters dumping into a bucket, get sorted, and counted. Then the bills too. Always good views on those.
Nice to know 🙌🏻
This is exactly what i was hoping you would show, some of the maintenance and hopefully get to see more in dept stuff as well! Great videos thank you as always!
Thanks so much. Yes I will do more videos on maintenance. Just need to wait for things to break lol
@@CarWashChronicles lol 😂 well we don’t want that but thank you when they do!!
lol i just closed on my carwash wednesday and was checking everything and had quarters jammed in a bay. after watching this i realise how stupid i was trying to unjam the quarters. thanks for the tip.
Haha. Yeah it’s easy once ya know. Took me a while as well. Congrats on the car wash
Man I wish this guy thought a course on how to do this I would definitely pay for it. Hell I would pay for private consultation till he gets his clothes ready
the count is never boring
Good to know 👍🏻
NAH MAN WE DONT FIND COUNTING MONEY BORING! WE LOVE IT...AT LEAST I DO...NEVER GETS OLD.....I WATCH MY BITCOIN COUNT ALL-DAY ON SCREEN SAME AS YOURS BUT MINE IS DIGITAL..:)
Good to know! I just filmed another count day so will be releasing soon
@@CarWashChronicles THANKS, CANT WAIT
Love the content and your story man! Keep up the awesome work. You’ve inspired me into possibly looking at the car wash business as a great financial asset to have and finally quitting my 8 to 5. Id love to learn how everything works in the pump room! Maybe a future video?!?
That’s great man. And thank you. Yes learn as much as possible so you’re more comfortable when you start pursuing them. And yes I can. Thanks
good luck hope bro good earnings 👍💪😀
Thanks so much! 🙏
Great video I wish I've seen video of your a few year back when I got laid off from oil and gas company. I decided to used my saving and open up a laundromat. Compare to 2 business, I can say owning car wash is way better especially you can run it as owner absentee less of a worry. Well some part that I seen you fixed like underground pipe leak that you almost got scam more than 3k from plumber. Great seeing you do it yourself. With business we really have to research and shop around for better thing.
Ewww lol! I don’t ever remember finding poo at our car wash. Although we had one bay that was not covered so kind of open to the road and neighbours.
First time for me. Lol
So glad I found this channel
Me too
YO! Thats me haha. I appreciate that coming from Mr Hog Daddy Car Wash King LOL
🤣🤣🤣 I think I just found my new nickname. 👌🏻
@@CarWashChronicles Just trying to get Hog Daddy to sponsor you haha.
I’ll take it 🙏👌🏻
This is how I have built multi-millionaires all over the world. Except with Coin Laundromats. Cheers, Mate.
Hard to beat free businesses. Cheers 🍻
Id like to be next to where do I sign up?
We found that an air dryer in the bay holds up progress to those waiting in line to wash and may be best located near the vacuums' for those who wish to detail with their wipes. What do you think.?
I prefer in bay
Hey there pal
Thanks a lot for the great videos you uploading! Inspired me a lot! Keep it up and all the best in future👊
Thanks Dan! You’re welcome. Same to you!
is there a taco bell nearby? i think the mischevious shitter might have had a few tacos before stopping by LOL. always a pleasure watching your vids chris!
Haha. Yes I think Taco Bell is the culprit. Thank you for watching! 🙏👍🏻
Advice for someone who doesn't know anything, but I didn't see enough signage when you were driving up to it. Maybe it was the camera work. Even just painting the words on the red roof would be more visible. Also Investment Joy gets a lot of views from his money counting videos! SHOW ME THE MONEY!!!!
Haha. Yeah I’ve done quite a few money count videos. Seems repetitive but I’ll do some more in the future. And yes we have the banner up there but they sent us a small one so we need to get the much larger one. Good looking out 👍🏻
LOVE ITT!!
Do certain price points determine how healthy a carwash is? I see listings vary pretty crazy based on location, sales etc. Just wondering if self service is the only way to go? An exterior conveyor makes the most money with a subscription service, costs about 10 million but leaves you with a 900k profit margin annually.
I would love that $10 million business. Hopefully my self serves can get me there one day and I can venture into the express tunnels which are completely different
Uncle Stewie was a great partner choice. What is the advantages of tokens vs quarters? Thanks for sharing!
Less likely to have break ins. No coin shortage issues and no one stealing your quarters for laundry
these videos are just getting better and better
Thanks so much!! I’d hope so. First few couldn’t exactly get worse 🤣🤣
Bro you need a Body cam system or Head cam for you
Would make it much easier.
I'm curious how you got it for free if it needed 40k and you paid rent for it monthly?
18:00 where did you get that tire and wheel cleaner set up??
Ordered all the parts from kleen rite and my worker installed it
@@CarWashChronicles do you have part number for handle 🤔
@@CarWashChronicles never mind found it..
Hey Chris!!
Question - do all your car washes have bathrooms for your customers? If not, why not? Just noticed a bathroom and realized I didn't know the answer to the question. Thank you for the inspiration, always!
One thing I always wanted to know, is where do you get your supplies and soap? Is there a local car wash supply store where you go pick it up, or is it all online?
I get mine from kleen rite. Gets delivered to the wash.
Nice set up is any way I can get a hold of you for some questions that I have for a car wash that I want to purchase.
Thanks. I offer phone consultations. If you’d like to message me on Instagram we can go from there. 👍🏻
Love the videos keep it up. Question. What should a 5 bay self serve spay wash lease for? I have an opertunity to rent one that's been neglected, but I'm unsure of a fair lease price here in socal.
Thanks Rick.
Hey Rick. Thanks! Depends on which area it’s in and what kind of road it’s on. Really busy road will be paying more and can afford to. Quiet backstreet will be less rent. It’s hard to mention numbers without seeing the location but like I said if it’s busy road very visible 5 bay could be somewhere around 5-7k month. Quiet st not so visible more like 2-3k
I live in Apple Valley and work in Victorville, that location is in a pretty shitty part of town, no poo, I mean pun, intented. lol
🤣🤣 Yes it is. Definitely had our fair share of attempted break ins. Gotta stay on top of things
I like how the shitter turns around to look at the Picasso he created XD
🤣🤣🤣
Haven’t even watch the video yet & I can already tell this shit about to be good ! 😈💯
🤣🤣🤣 cheers!!
Funny you should have said that the way you said that.
Yo !!! I have one more question for beginners of course we not going to know everything my question is say I buy a car wash and the pre soak stop working how will I fix it you know like is there a book or website it shows how to fix equipment if it doesn’t operate right or you just learn as you go ?
you are rock bro
Do you do classes?
Maintenance class
How to get the car wash class
How to get the loan class
Everything you need to know?
I have a plan of my own but have no idea how to get started
I don’t at the moment. Perhaps some time next year I could put a class together.
@@CarWashChronicles is there a way to get a hold of you directly?
What kind of lights do u use? Thank u for ur videos!!!
Cyled canopy light. 16000lm
Drove around for 3 hours and only saw 1
self service bay this is tough
I guess some areas of America are not ideal for self serves
Chris hi! Is always better to deal direct with the owner? I’m SFV or go through with realtors ?
Thanks for the info putting here
It strange that you have the dunny in the sameroom as your equipment
Helps mask any noises 🤣
Would be nice to keep those pump bay’s pumps clean … and shiny how often do you replace the cat pump oil?
Whenever it needs it.
Don’t me to offend you . It’s just that I know those cat pump are expensive . I replace the pump oil every six months keeping it happy sometimes replacing the seals . And I like watching your videos .
How did you calculate what would be a fair rent for all your locations?
Do you hire someone to set up all of the equipment? I’ve been watching your videos and it seems like there are a lot of components that interact with each other. I wouldn’t know where to begin. Thanks
Yes I have my worker that installs my equipment. I struggle with all the setup myself
@@CarWashChronicles how do you find your worker? Under Plumbers?
@NorthWest_Stacker did you ever find an answer to this question? I’m looking to set up my car wash but don’t know where to start. Thanks in advance
In regards to seller financing people are starting to respond to the notes that I have been leaving. I am new to all of this so when it comes to seller financing what would be the ideal timeframe to pay back the loan to the seller? Example the current owner of a car wash wants $325,000 his monthly income is only $3500 a month but it comes with the business and the real estate. It is run down the lights are burned out there is no vending there are only four options when it comes to washing your car high pressure spot free soap and another one. Even with the real estate I still think it is way too much and I’m thinking about only coming in at 225k. What are your thoughts and/or any advice for me? I’ve watched all your videos and appreciate it all you do. Thank you for your time in reading this. Some demographics about the town it is approximately 25,000 the car wash is the only coin operated one in downtown surrounded by homes there is another car wash in town but it is a drive-through with a hand dry. Again I thank you. And if there are any other resources that helped please let me know I do not want to get burned on a bad deal.
Sounds like the wash is really rundown and the fact it’s only bringing in $3500 a month is nothing. Should be doing that a week. Depends on the road as well. Main road 4 lanes going by or quiet 2 lanes going by. Sounds like there’s lots of room to build it up. Add lots of functions. Make it nice and bright and lots of soap and good pressure. Not sure what state it is in or what the land values are worth but essentially the business isn’t worth much. Bringing in $42k gross a year. Usually they’re valued at 2-3 times net yearly income so basically you’re just buying the land. Business might be worth 45k or so. Typically we would do a 7-10 year finance. The more you build the car wash up the more it will make and that gives you the option to pay it back quicker if you like. Perhaps 5 years. But that would be a longer term deal because once it’s paid off you own outright with no mortgage or rent which is ideal.
@@CarWashChronicles thank you sir. I knew how to value the business from a previous video I just don’t know how to value the land. Thank you for your help and your reply much appreciated. I am here in Northern California.
Did TH-cam flag my last comment? I'm not seeing it here anymore.
Must’ve. Try writing it again by replying to this.
They could have at least sprayed it off man! I am hoping because we are attached to a gas station we will not have the same issue too often!
I know right. Yeah it’s definitely are rare incident. First one in 5 years for me.
In india, Andhra Pradesh any car wash self service equipment supplier details please
I use kleen rite. Havn’t researched any in India
What kind of a deal do you have with your helper?
How's this location doing for you nowadays being that it's one of your car washes not on a busy road/area?
It does well only because the rent is cheap. If the rent was the same as my other ones on busy roads it wouldn’t do that well but cheap rent means increased net profits.
@@CarWashChronicles Appreciate the insight!
Bro if you see that "WALK -A- BY - SHITTER" CALL THE COPS & HAVE HIM ARRESTED!
🤣🤣Yes!!
What state are you in? I feel like my state is too well off to find such great deals.
California. I found the same problem in Australia.
What made you do a lease vs buying since you have to invest in all the deferred maintenance anyway? Thanks
Didn’t have the funds nor could I qualify for a loan at the time to purchase the land as well so happy to pay rent.
@@CarWashChronicles I get it, that makes sense. Better to get started, keep up the great work!
@@CarWashChronicles do you think it's even worth buying the land/car wash or it's better to lease?
I’m confused when you say you got it for free when you have to pay rent
People ask how much I bought the car wash for. Purchase price was $0 so that’s essentially free. Of course I need to put some money into renovations though. But I paid nothing to get the keys.
nice
👍🏻🙏
@@CarWashChroniclesThe videos are really cool, I always follow them here in Brazil, very good content.
Hahaha that’s gross. People are idiots!