CarWashDoc

Family, Car Washes, Physician Hospitalist, cash flow, SMB, Bitcoin
Recently retired from doctoring and now focusing on building a car wash empire.

[CarWashDoc @TheCarWashDoc]

People think you need a "sexy" business.

My washes did $1M in revenue last quarter at a 41% margin.

Dirty cars paid for that. Sexy is overrated. Cash flow is not.

[CarWashDoc @TheCarWashDoc]

@indexnforgetit True…. But people think that 1 rental is going to help them retire very comfortably

[CarWashDoc @TheCarWashDoc]

Your 9-5 salary is a single-tenant property with no lease.

One decision by one person and your income goes to zero.

I'd rather have 45,000 customers paying $11 than one boss paying everything.

[CarWashDoc @TheCarWashDoc]

@multifam_VTIGUY Using business and real estate together is the best unlock

[CarWashDoc @TheCarWashDoc]

One quarter. One "boring" business:

$1M+ revenue
$430K NOI
41.6% margin

The best quarter we've ever had — and it came from raising prices, fixing membership churn, and tightening chemical spend. Not from buying anything.

[CarWashDoc @TheCarWashDoc]

@admsteiner Our attorneys drafted the note with the sellers counsel weeks before. And got it approved by the bank and the SBA. Now the same Banks outside counsel while drafting loan docs is throwing mud on all of it.

[CarWashDoc @TheCarWashDoc]

There’s nothing like an attorney from the bank to throw in some last minute changes to an already approved SBA promissory note ONE F*;&@;&; WEEK before closing!

WHY ARE THEY TRYING TO KILL DEALS!

[CarWashDoc @TheCarWashDoc]

@admsteiner 10000 percent…. Had to use my big boy voice. It seems like the bank will bypass the attorneys redlines. It’s still a developing story.

[CarWashDoc @TheCarWashDoc]

@admsteiner It’s an outside attorney who AGGRESSIVELY redlined an APPROVED promissory note that was already submitted to the SBA. They bank had the promissory note weeks before submittal to SBA so to redline it now 1 week before is negligence on the bank and the attorney.

[CarWashDoc @TheCarWashDoc]

@davidbam858 I suspect it’s the latter

[CarWashDoc @TheCarWashDoc]

@SBAdealCloser Thank you! I appreciate that. Maybe we can work together on the next ones

[CarWashDoc @TheCarWashDoc]

@WeddingVenueGuy I can introduce you to my SBA guy, I know they work regionally and have territories but maybe he can refer you to some great people

[CarWashDoc @TheCarWashDoc]

Since everyone is excited about the new algo… here’s my intro!

Recently retired physician now building a car wash empire.
In under 3 years I went from 1 site to scaling aggressively toward 21, closing over $45M in acquisitions — mostly with SBA loans.
Sharing practical insights on car wash finance, commercial real estate, SBA 504 vs 7(a) strategies, cash flow, depreciation, and scaling small businesses with strong returns.
If you’re in finance, real estate investing, small business, or commercial lending — drop your questions below. I’ll answer what’s actually working.
#CarWashInvesting #SBAloans #CommercialRealEstate #CashFlowBusiness #SMB

[CarWashDoc @TheCarWashDoc]

@WeddingVenueGuy If you own over 50% of the entity taking the loan, it adds to your limit. But I’ve got multiple partners in different car washes and because the structure is always different. I can keep rinse and repeating SBA loans.

[CarWashDoc @TheCarWashDoc]

@WeddingVenueGuy A mix of both. I found a great SBA CDC lender. I’ve closed 4 deals with him alone. Closing the 5th one next week with a purchase price of 30 mil

[CarWashDoc @TheCarWashDoc]

Deal structure > interest rate.

I'd take 8% with 25-year amortization and no covenants over 6.5% with a 10-year balloon and a nervous banker.

Cash flow survivability is the metric. Rate is vanity, amortization is sanity.

[CarWashDoc @TheCarWashDoc]

@recostseg How many car wash cost segs have you seen?

[CarWashDoc @TheCarWashDoc]

@keyywann I wish it was true but it’s not. The self serve market is decentralized and harder to find so it just seems like everyone wants one but it mostly a blip on people’s radars. The big express sites are all mostly owned by PE.

[CarWashDoc @TheCarWashDoc]

Everyone wants to buy a laundromat, a storage facility, or an HVAC company because Twitter told them to.

Meanwhile self-serve car washes sit unloved: real estate included, sub-4x multiples in some markets, minimal labor.

The best niches have no influencers.

[CarWashDoc @TheCarWashDoc]

I never seek validation from others. I simply know I am crushing life. Married, 2 daughters, wife works because she wants to, and I get to do what I want when I want to.

It's not some number or net worth value. It's time and freedom of choice.

[CarWashDoc @TheCarWashDoc]

SBA 504 vs 7(a) for buying a business WITH real estate:

504 = long-term fixed rate on the property, lower down payment
7(a) = more flexible, covers goodwill + working capital

I've used both. Ask me anything — I'll answer every reply.