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What Assets Do I Acquire When Buying A Car Wash?

You will be acquiring (a) "goodwill" assets that relate to the existing customer base; (b) "tangible assets and equipment" that relate to the carwash tunnel, equipment and supplies; and (c) property rights that relate to the underlying property in which the wash is located. When buying a car wash, you will either lease or buy the underlying property. If you are leasing the property, make sure your lease agreement is thorough to properly protect your investment.

To learn more about buying a car wash, order a complimentary copy of Mr. Internicola's book An Entrepreneurs Guide to Purchasing a Business of Franchise by calling (800) 976-4904.

Charles Internicola

by Charles Internicola
National Business and Franchise Lawyer

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