Quote:
Originally Posted by craigster59
So was it as great of a money making machine as some make it out to be? I've always heard carwashes and laundromats are great at producing income flow with minimal supervisory participation.
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It was probably the worst decision I made in my life. Sucked me dry physically, emotionally, and to some degree financially. They can be huge money makers, but you have to hit it out of the park with location and access. I did not. And you have to be on site all the time to prevent theft, loss, keep up with maintenance, and ensure a quality product. I owned mine and had to keep my corporate job to keep the bills paid, so I could not be there during the week.
I call it the "lost 10 years." Happiest day in my life when I sold it. It also has to be the absolutely correct setup to run with minimal supervision. Mine was not. It has since been modified to that style of wash and those guys seem to be doing well. Even self serve washes need you there all the time.