60-70 million?
I am now convinced that Steve Jr never went to business school. How in the world does a car wash in Gallatin Missouri get an evaluation of over $7 million per location? He just said we have nine car washes that are worth $60-$70 million. He really thinks that the people watching his show are that gullible. It’s embarrassing. A top tier, high performing automatic express tunnel in a market like Gallatin, Missouri would top out at an absolute maximum valuation of $3.5 million to $5.5 million. However, because of the specific local demographics, its practical, real world valuation is likely closer to $1.5 million. A standard express tunnel needs a steady flow of tens of thousands of passing cars a day to sustain the volume required for a multi-million dollar cash flow valuation. He over inflated the hell out of that, by double or triple the highest possible ceiling. Kind of like Allie’s 10k per post + 20% commission. What a joke as I’m also a content creator and know standard rates.
Dang I just realized those two would’ve been perfect for each other except for the fact that Jr is a narcissist.