Wash Purchase Evaluation Assistance
This service is for people who are searching for a car wash to
buy and are evaluating or investigating the purchase of one or more
specific car washes. This service is primarily for those
people who do NOT
yet have a signed Offer to
Purchase (Letter of Intent) or signed Sale/Purchase Contract. (If
you DO have a signed Offer or signed Contract please call Alan Bussey
at 817-267-4726 immediately.)
For those without a signed Offer or Contract we will provide assistance
with your analysis of two prospective car
wash purchases (two
different car washes, two different sellers). The fee is $500 for
up to two prospective purchases. This fee is 100% applicable to
any other fees or charges for subsequent formal processing of your loan
application. Assistance with each additional prospective car wash
purchase is on a
Purchase evaluation assistance includes, but is not limited to:
1. Two fillable Excel, OpenOffice, Works, or Lotus pre-formatted
templates that you can use to easily evaluate the proforma cash flow of
any existing car
wash. Since the template is pre-formatted you can greatly reduce
the time that it takes for you to move from financial information
collection to analysis results to purchase price offer. The
Proforma Cash Flow Analysis shows the amount of cash available to the
new owner, both before and after the estimated loan payments. We
designed these worksheets specifically for car washes. One of the
two templates includes a seven page (seven tabs) preformatted Excel
worksheet. You can easily create multiple Proforma versions for
any single car wash, or complete new Proformas for additional car
washes. Can be
duplicated by a single user for that user's analysis of one or more car
Cash Flow Analysis (in Excel,
OpenOffice, or Lotus)
Common-size spreadsheet for up to five historical periods. For
example, the annual results for the most recent full years and the most
recent interim period. Helps to identify trends in revenue
categories and expense categories. Also helps to identify
possibly omitted expenses.
Purchase Cost and Total Project Cost by asset category. Includes
down payment and loan amount calculation.
Terms. Using an assumed interest rate and loan term, calculates
the monthly loan payments.
Proforma revenue analysis. Multiple revenue categories.
Proforma operating expense analysis. Multiple categories.
Proforma non-operating (other) expense analysis.
Proforma Net operating Income, Cash Flow to Owner(s), and Banker's
"Debt Service Coverage Ratio". Includes the
after-tax net income, after-tax cash flow available to the buyer,
after-cash flow available to make the loan payments, and after-tax cash
flow available to the buyer after all loan payments.
will modify the above Proforma Cash Flow Analysis template to fit each
specific prospective purchase, such as adding the details of
investor cash distributions.
Cash Flow Analysis to Calculate
Maximum Purchase Price (in Excel, OpenOffice, or Lotus format).
allows you to easily use
the proforma cash flow analysis and standard loan terms to determine
the maximum amount that may you want to pay for a given car
wash. You can enter the maximum amount of down payment that
you want to make and enter the minimum amount of cash flow that you
want to make for yourself. So, your purchase price offer is
unique to you and your needs.
2. Assistance with the preparation of the above A. Proforma
Cash Flow Analysis, and B. Proforma Cash Flow Analysis to Calculate
Maximum Purchase Price, of
the two car washes.
3. Guidance on loan terms that can be expected given the
characteristics of each purchase transaction. We will design your
loan terms to your benefit, not the lender's.
4. Telephone and e-mail discussions with up to two sellers and
their respective selling brokers,
if any; the seller's in-house accountant, if any; the seller's
third-party CPA, if
any; the buyer's (your) in-house accountant, if any; and the buyer's
(your) third-party CPA; and the buyer's (your) attorney, if any.
Within reason we are
also willing to speak with any other parties to the transaction that
you might designate.
5. Additional helpful forms:
a. Salaries and Wages Adjustments.
b. Competitor Analysis
c. Other computer-fillable forms and custom
forms as necessary.
6. Assistance with the preparation of the Letter of Intent
(Offer to Purchase) or complete preparation of the Letter of Intent (at
7. Assistance with the preparation of the Contract.
8. Assistance with the due diligence process after buyer and
seller have signed
the Letter of Intent (Offer to Purchase) or Contract to Sell/Buy.
We will provide to you additional custom analysis and assistance as
necessary for each prospective purchase.
For assistance with your analysis of a prospective car wash purchase,
contact Alan Bussey at 817-267-4726.