About this episode
Car washes can be remarkably lucrative. This is enhanced with a franchise model and selling subscriptions to car wash customers.
"There is no other operation on a 1-acre site that can do 1 million to 2.5 million in sales and pocket half of that." -WSJ story
Like other real estate, a car wash location is vital.
Much like apartment buildings, car washes are valued based on their income stream amount.
You can participate yourself. Start here: https://gremarketplace.com/carwash. Must be accredited, minimum $100K investment.
Tommy's Car Wash is an innovative franchise. Customers use a mobile app.
Only Panera Bread and Chick-fil-A have higher sales revenue per location. (Wow!)
Car washes have high cash flow and tax efficiency.
Pro forma returns for individual investors like you have a 1.75x return on investment in five years or less. There is 100% bonus depreciation in year one.
Learn more and get started at: https://gremarketplace.com/carwash
Resources mentioned:
Show Notes:
Get started with car washes:
www.GREmarketplace.com/carwash
WSJ on car washes:
WSJ on laptop landlords:
https://www.wsj.com/articles/everyones-a-landlordsmall-time-investors-snap-up-out-of-state-properties-11661705278
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 855-74-RIDGE
or e-mail: [email protected]
JWB's available Florida income property:
www.jwbrealestate.com/gre or (904) 677-6777
To learn more about eQRPs: text "GRE" to 307-213-3475 or:
Available Central Florida new-build income properties:
Analyze your RE portfolio at (use code "GRE" for 10% off):
Best Financial Education:
Get our free, wealth-building "Don't Quit Your Daydream Letter":
www.GetRichEducation.com/Letter
Our YouTube Channel:
www.youtube.com/c/GetRichEducation
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