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A comment on Why Are There Suddenly So Many Car Washes?. Parent comment

Re:Why Are There Suddenly So Many Car Washes? by 55555 on Sunday March 17, 2024 @10:47PM (#39740111)
can you please elaborate on this? i don’t understand exactly. “The real business of car washes is real estate, it's profitable enough to get 3-4x leverage with a low interest loan”
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Re:Why Are There Suddenly So Many Car Washes? by killingtime74 on Sunday March 17, 2024 @11:02PM (#39740182)
The OP asserts (I agree) that the real profit from running a car wash is not the daily turnover of car washing, but the capital appreciation of the land the car wash sits on. The part about leverage assumes you are able to get a loan/mortgage to purchase the land the car wash sits on. In effect you are using the car wash as a reason to justify a mortgage you wouldn't otherwise be able to get for real estate speculation alone.
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Re:Why Are There Suddenly So Many Car Washes? by sydbarrett74 on Monday March 18, 2024 @01:57AM (#39740823)
Correct. Just as the McDonald's Corporation is really in the real estate business. Burgers and fries are just their side line.
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