My BMW Parts

After searching all available Car Wash that are available and finally deciding on a location for washing cars he wants to purchase, the buyer should create a punch list of competing washes in the chosen area of purchase. There are many variables unique buyer should be aware of buying a slot car wash; an inexperienced buyer would be wise to consult an industry consultant to help to analyze and study the results from the following list.

1) Check the demographics of the region chosen.

2) Check the competition in a three mile radius.

3) Check the physical layout of each of the competing sites.

4) Check the type of racing competition, Full Service, Exterior, Etc.

5) Check the offerings, (menu price) for all services.

6) Check the appearance of each location.

7) Verify the handling of users and quality produced lava competitors.

Check the type of site on the discount offered to wash competitors.

9) Verify how each client friendly competitor.

10) Check with Planning if washing of cars have been approved in the region.

Compare all of the above to the place you're going to the buyer

Before Getting Involved with the seller in a place he chooses to purchase, it would be wise for the buyer to perform discreet scrutiny of all aspects of this area by washing his car here a few times during a slow period and also during peak periods. Record detailed notes on the presentation of the seller and the efficient and pleasant was his sales pitch to upgrade you every time. Aspiration of your car has received, if offered, quality windows, if offered and the overall experience that you received from all employees and management, (finally a "The quality Producta end. It is the only reason the majority of customers to attend a particular place car wash.

In assessing of all that precedes a buyer should compare the results over ten list punch point accumulated. In short, know your competition and situations you will be competing against.

During the evaluation process of a buyer seeking a key operation in hand should expect that all the above results should average between (8.5 to 10) on a scale of 1 to 10. That being the case, location would do well in all aspects and in most situations requiring a higher price for the company.

Where the results are below the level in most cases, this should be reflected in the amount of business there, so also reflected in the price. The good news is that if you acknowledge the deficiencies of anywhere, in most cases they can be corrected.

Through the years I have inspected many car wash places and have seen many different management and ownership scenarios. It has been my experience that many of the same places were one place above, they generate a huge volume and average dollar by Great car and these same locations at other times were in total regression. Consider this: in 99% of sites, the only difference is that the direction or ownership had changed and the current management has lost focus on one important ingredient, producing a regular car into an exceptionally pure environment.Customers freindly go out of their way to this level of service.

Next:

Once a buyer completes a detailed list punch, performs an initial analysis of the site and chooses to advance to the purchase stage, if the buyer is new to the industry, car wash, it is recommended to consult with a broker automotive washing / consultant. The consultant or broker to help him determine what additional services could be added to increase future sales total gross. Car washes add full C stores, oil change and light engineering, the State Inspection, repair windshield dents and express in detail, just to name a few. Buyer should also discuss with the consultant gaps encountered in the initial list of the ten stages of punching the competitive area, and any gaps that encountered during the inspection of the slot.

Critical areas that affect the asking price for the location and capacity bargaining points are.

The proposed lease amount if the property is not included. The years remaining on the lease, rent and the amount of rent increases. Is the buyer accepts responsibility structural? If yes, the seller must assign the lease and structurally sound. Building inspection is recommended.

The equipment, online and offline, should be inspected by an equipment car wash qualified engineer, all equipment must be operational in the transition of ownership.

Inventory, soap, waxes, chemicals and elements of detail, what is included and what is not.

Discount plans annual plans of the club and gift certificates that are still outstanding. Usually, an amicable formula will be developed.

The buyer must examine all the accounts in bulk to determine whether What is necessary is the percentage of income is derived from it.

The buyer would review all income and expenditure statements, it is more critical expenditures are mostly easy to determine, and income verification is best accomplished under the guidance of a broker industry / Consultant. This industry broker / consultant will also be valuable in arriving at a fair valuation of the company. The industry carwash is unique in that there are several variables that could dictate the value high or low a particular place car wash.

Step Next, assuming that the buyer chooses to make an offer to buy the broker / advisor to assist the buyer in negotiations for the sale price final, if she manages to guide the buyer in the due diligence process. Assuming all goes well, the purchaser must specify that the site is inspected with a first phase of the environment. The buyer must also get permission to keep the phone numbers dedicated this goal location.

Finally, get a good lawyer, I strongly recommend finding an attorney who is familiar with contract requirements in the sale of a site car wash, it is also the advantage of buyers to use a broker who specializes exclusively in car washes.

WEB Page: http://www.josephbielloco.com e-mail: jobco857@msn.com

HOW OUR COMPANY EVOLVED Our Company specializes exclusively in the Car Wash Industry. Our expertise developed from forty years of successful involvement in all segments of the car wash industry. We offer all our clients, either existing operators or prospective buyers this expertise to help insure their success.

Professional Affiliations Past President of the New York / Long Island Car Wash Association. Past Distributor for Sherman Industries of Palmyra NJ, Past Distributor for Hanna Industries of Portland Oregon, Past C.E.O. Paramount Car Wash Systems / Past, Partner Discount Brokers & Consultants, present CEO of Joseph Biello Company LLC.

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