Purchasing an existing site vs. building a new site
Writing in favor of purchasing an existing site
Look, this is simple. The full-service carwash business, to say the least, is one of the riskiest small "multimillion dollar" business enterprises there is; not to mention one of the most difficult to manage.
So now add to the equation that you're new to the business and you have your life's fortune and a whole lot of debt tied up in making this work.
Writing in favor of building a new site
Bruce Arnett, Jr.
There are many advantages to be experienced by new investors when they choose to build versus buy a carwash.
When building from the ground up, investors can take advantage of several opportunities not available to those who choose to purchase an existing site. These include: