[sytelus]

This doesn't make sense. There are tons of other business which will have higher day to day return and property appreciation. I don't think anyone was craving for car wash subscription and I don't know of anyone having car wash in their checklist monthly item. Those people exist for sure but not in that kind of demand that a town needs even two of them.

I think this is just another instance where private equity is creating imaginary business model of subscriptions and selling it to its investors. The money managers will get huge management fees and will disappear before the whole thing collapses in coming years. Meanwhile, they will run a lot of good and necessary businesses out of town.

[BirdieNZ]

It's hard to think of many businesses that require lower capital investment and maintenance than a car wash. The ones I see in my city that look like land banking are a big plot with asphalt covering it (don't even need to mow lawns), a few awnings with some plumbing for hoses and soap and other gear, and nothing else. Even a laundromat would cost more to set up.

[frumper]

https://www.carwashadvisory.com/learning/how-much-costs-buil...

These car washes are not simple, nor cheap. They aren't talking about places where you wash your own car, they're talking about the increase in automated ones.