415: Car Wash Cashflow with Dave Zook

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:

www.GetRichEducation.com/415

Get started with car washes:

www.GREmarketplace.com/carwash

WSJ on car washes:

https://www.therealassetinvestor.com/wp-content/uploads/2022/08/Private-Equity-Wants-to-Wash-Your-Car-WSJ.pdf

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: [e-mail]

JWB’s available Florida income property:

www.jwbrealestate.com/gre or [phone]

To learn more about eQRPs: text “GRE” to 307-213-3475 or:

eQRP.co

Available Central Florida new-build income properties:

www.b2rdirect.com

Analyze your RE portfolio at (use code “GRE” for 10% off):

MyPropertyStats.com 

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