How I Bought A Car Wash #shorts

Alright, I want to buy a car wash in Texas. So this is how I would do it. First I go to this spot called LoopNet. Then I can click around over here and figure out which of these specific car washes I'd want to buy. This one's for sale at about $700,000. Look at this dense demographics. That means we really want at least 100,000 residents when we're looking at car washes. I also like the rate of population growth. That's 10%. Pretty damn good. The next thing we need to do is see how much money this actually makes. So because they don't have any information in here, I'm gonna pull up the broker right here and I'm about to call our man Logan. Then I make a call to the broker and it goes something like this. Hey, Logan, Cody Sanchez. I'm looking at your property at 903 Farm and I wanted to see the financial historical tax records and you have on the business, as well as an equipment listing.

Then we get into my due diligence questionnaire. We ask things like how many cars are passing daily, what's the total income, who will manage it, who will service it? Then we put it all into my deal calculator where we break it down like this. You can see, before debt, we make $165,000 a year, and after debt, we make $69,829. So we end up making our money back in approximately three years and getting paid while we wait.