Meet the 22 year old who makes $7.4K/ Month with a Car Wash

This is wild! Hannah is only 22 years old and making $7,400 per month with a car wash. The crazy part, she didn't even have to spend any of her own money on it. Check out how she did it so you can do the same 🚗

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All content on the Codie Sanchez YouTube channel reflects my own opinions and should NOT be taken as legal advice, financial advice, or investment advice. Please seek out the guidance of professionally trained and licensed individuals before making any decisions. Some links in the description may be affiliate links.

#passiveincome #carwash #boringbusiness

[jimmyt]

Watched your video on car washes - while I was going through a car wash. I stuck around, counted how many cars went through in a 20min period to estimate weekly traffic, wrote a rough P&L and then got the phone number to the owner. Thanks Codie!

[chrisscott]

Your channel is extremely under rated, I started my vending machine business because I seen you talk about it on your tik tok.
I got lucky and found a seller trying to retire, got it cheap!. Love what you're doing, keep it up.

[fonseymarv]

Great video! Would love to see a video that discusses the different aspect of buying a business with land ownership vs leasing it. Here is California, it’s been a big dealbreaker in getting started with these small businesses. Sometimes the land leasing eats up close to 50% of the revenue.

[skorpianking]

I love this. Never thought about the vertical and horizontal integration of business. Great content. I'm looking to do this with trucking companies and truck stops due to the lack of everything for truckers which is a gap I see in the industry

[alexdetodt]

Nice video. What you described at 12:10 is called lateral acquisition not vertical. Vertical would mean buying a soap producer to supply your own soap for example. Cheers, always here to educate.

[muchappreciated]

Great story and well presented. However, revenue ($7.4k) vs profit (??) should have been a much more central talking point. After all we talking about a big financial decision. Profit is what the girl will make each month, but alas we dont know what that number is.

[markg]

Terrific info, though "vertical acquisitions" typically means buying companies that either you sell to, or that you sell to. "Adjacent acquisitions" are businesses related or complimentary to yours, but aren't already your customers or suppliers/service providers. Thank you Codie!

[MRxy]

Thanks for the great video inspiring as always. This is the missing piece, now i know how to acquire and get to the deal. The devil is in the details. The last piece is how to see if a deal is good or the biz is about to go down with me then.

[AndyCastillo]

I love how you think. Thanks for sharing Codie!

[nawgee]

Nice videos! Although there's a pause button, if you could leave more time to read the text on the screen that would be great. . . plus it extends your content a bit ;)

[rbellot]

Excellent video because you stuck to the point….and the background music was not annoying. You are an amazing producer of informational videos.

[jasonedwards]

Great video with step by steps...love it! The carwash biz has been interesting to me for awhile now, going to have to dig in a bit more and start trying to find some deals. Thanks for the awesome content as usual Codie!!

[nuanicaj]

This video inspired me to check out those 2 sites! So many gold nuggets in this video...Thanks Codie!!!

[JC-dcoz]

7400/month is deff not enough after paying rent for the place, soap by the drum is $500-1k, constant fixing those abused machines, and her liability insurance is probably through the roof! still love your awesome channel

[trinidadnewrich]

Thanks for sharing love, just rented a car wash space with no real experience but I'm looking to bring some value to the game, i love how you highlight upwardly mobile youths

[sabp]

I love your channel. I’ve only watched two videos and learned more than I’ve ever learned my whole 28 years.

[mjkinga]

That $140, 000 price is absolutely unattainable for the northeast. Looking at New England there are a bunch of carwashes for sale and different variations. The cheapest one I could find was $2.6 million. So to find even an empty parcel of land for that price is nearly impossible.

[MrDorf]

I love hearing stories about hard working people who have success.

[swaggery]

A lot easier said than done. Not a bad example to prove some points, but not beyond that. I bet seller financing would happen less than 5% of the time. That $7, 400 is going to be more like $5, 000 after taxes. You have to know how to efficiently run and manage a business from day 1, because nobody will help you. Also if it wasn't for living with her parents she would be practically homeless. Vending machine and installation I would guess would be somewhere like $20k. Do that multiple times since that's her only current way to make money, the car wash is just the attraction, she's years living on extremely low income. Not to mention property insurance deductible, liability insurance deductible, repairs and maintenance, staff payroll, an accountant, need money for all that stuff on day 1. Like all businesses like that it's not going to be comfortable living until most of your expenses are paid off, it's something for the long term. And no guarantee you'll last, people might drive less because of gas prices for example and she still needs a way for the business to be profitable or she's back to square one at building wealth again (on top of having no education). Glad she's making it work, but she has to be taking on a ton of risk for the moment to make it work. Only thing that's guaranteed is she won't end up homeless because of living with her parents.

[breakingballswithtony]

Not sure where this is but in Toronto, Canada a $140, 000 wouldn't even get you a meeting nevermind ownership.