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Remedies: Making a sick business well

from Auto Laundry

Over the last six or seven years, more and more of my business contacts have been related to buying or selling a car wash or curing a sick business rather than building a new wash. Sick businesses are interesting from one perspective because the literature only contains profiles in success. So, what is a sick car wash business? Most car washes are lifestyle businesses that are set up and run by their founders primarily with the aim of sustaining a particular level of income or to provide a foundation from which to enjoy a particular lifestyle. So, sick means the founders are not happy. Some of these owners placed too much trust in operators and suppliers throwing around big numbers. Others failed to achieve goals and objectives because they simply didn't put enough time into the business, while yet others saw new entrants nipping at their heels. more

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7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063