Finance


  • Cost of Doing Business: Business Survival
    Successful business leaders are focusing growth efforts on maximizing core competencies to gain market share and retain key customer relationships. While this focus is proper and well justified, continuing to make decisions based on reality and hard data are what separate ...More
    June 17, 2010 Jeff Sturges
    Posted in Articles, Operations
  • Why a Sale-Leaseback May Make Sense for Your Carwash
    Through a process called sale-leaseback, carwash owners who have invested a substantial amount of equity and cash into the hard assets of real estate may be able to recapture some or all of their investment and, in turn, focus on generating higher returns from their ...More
    June 10, 2010 David Sobelman
    Posted in Articles, Operations
  • Cost of Doing Business: Emerging Technologies
    Investing in upgraded and emerging technologies can further reduce the costs of doing business. This focus can assist both existing carwash operators and future investors make better and more informed decisions. ...More
    May 13, 2010 Jeff Sturges
    Posted in Articles, Operations
  • Cost of Doing Business: Identification & Understanding
    From tax burdens to towels, the cost of doing business at a carwash is a wide and varied topic. In this multipart series we will focus on stringently identifying these costs. This focus can assist both existing carwash operators and new investors make better and more ...More
    April 1, 2010 Jeffrey Sturges
    Posted in Articles, Operations
  • Danny’s Expands Chapter 11 Filing to 18 Carwashes
    Danny’s Family Cos. has filed for Chapter 11 protection for all of its Phoenix-area carwash, gas station and convenience store businesses, according to a report by the Phoenix Business Journal. The company had filed Chapter 11 bankruptcy last month to reorganize three ...More
    March 31, 2010
    Posted in News, Operations
  • More Creditors File Suit against Danny’s Car Wash Owner
    On the heels of a complaint filed Feb. 1 by M&I Bank against Danny’s Family Cos., three more creditors have filed lawsuits against Danny Hendon, his business partners and some of their companies for alleged contract violations, including defaulting on loans, according ...More
    March 4, 2010
    Posted in News, Operations
  • Danny’s Files Chapter 11 on Three Carwashes, C-store
    Danny’s Family Cos. has filed for Chapter 11 bankruptcy protection for three Phoenix-area Danny’s Family Car Wash locations and a convenience store. Danny’s filed paperwork Feb. 3, two days after M&I Bank filed a complaint in Maricopa Superior Court seeking a ...More
    February 17, 2010
    Posted in News, Operations
  • Gas, Auto Manufacturing Expected to Outpace Carwashing
    Although the carwash and auto detailing industry is predicted to grow in 2010, it is not expected to keep pace with substantial revenue growth expected this year in some automotive-related markets, according to IBISWorld, an independent market research firm that analyzes ...More
    January 11, 2010
    Posted in News, Operations
  • Greenhouse Car Wash Capitalizes on Solar Power
    Mark Marzeotti may have named his Oxford, Mass., carwash Greenhouse because of the way it looks, but the carwash operator also has focused on improving the facility’s environmentally friendly practices, including using solar panels that were installed in July. In their ...More
    September 30, 2009
    Posted in News, Marketing, Operations
  • Navigating Today's Carwash Financing Challenges
    Recession. Rising unemployment. Dismal car sales. Even record-setting rain falls. The challenges faced by today’s carwash owners have never been greater. Another obstacle is how to finance the purchase of a car care business or new equipment. The truth is if you are an ...More
    September 15, 2009 Anita Baron
    Posted in Articles, Operations
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