Banks - You're missing an opportunity - a big one.
Are you a bank or asset manager in possession of a car wash or in the process of taking possession of a car wash? If so, we have many ways to assist you.
Car washes are extremely difficult to sell and purchase in today’s lending environment. We’ve seen banks unable to sell car washes for years. Without accurate figures including car count, ticket average, labor cost, NOI and utility usage, securing a loan can be nearly impossible for a buyer. Thus, they can only make an offer on the underlying value of the real estate. Most buyers and lenders will assume the worst case scenario as to the value of the non-operating car wash business. Professional Car Wash Management will come in and run any car wash as efficiently and effectively as possible. With us you will get the maximum value from your REO.
If you are considering taking possession of a car wash and need a professional to do a walk through to assess its condition or to do an inventory of the equipment, we can provide that and other consulting services.