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when buying a car wash in New York and New Jersey the assets that you're
acquiring
there's a couple of them there's the business itself
and that's the relationship among the customers and the goodwill and the
accounts maybe there's corporate accounts
and recurring customers there's the equipment which is the the tunnel
and the car wash equipment and there's the property rights
car washes are very dependent upon their location
so in your car wash transaction there's
two instances you need to be aware of one instance where you're buying the
business
and the property and the other where you're just buying the business
in which case you're going to be leasing the property where your car wash is
located
and you need to be sure that the rights you acquire in the underlying lease
match your expectations and properly protect
the investment you're making