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Running a Multi-Million Dollar Truck Wash Business; What Are The Costs and What Part Of The Business Brings In The Most Money!

Darrell Palmer, President of Houston Truck Wash and Lube, Inc. sits down with our Rahmel Wattley and discusses taking over the family business, the ins and outs of truck washing and how the money is made!

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  / houstontruckwash  
http://www.houstontruckwash.com
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0:00 - Introduction
7:34 - The Original Business Plan!
8:24 - At what point did you get involved?
11:02 - Not Finishing College!
12:43 - Role & Idea Implementation
14:07 - OTR Solutions Ad
14:54 - Your Father's Role and further expansion
16:33 - Any special permits?
18:02 - List of Services
19:42 - Other major costs in this industry
21:42 - Popular Services and Staff Details
22:38 - Secret to Retention!
23:15 - Important things & challenges in this industry
24:40 - Your Competitor & how do you compete?
26:09 - How do you stand out?
27:08 - Industry standard pricing & Customer Lifetime value
28:16 - Separating different Businesses & Understanding Pricing!
30:00 - Oil Change Business
31:30 - Importance of Credit in Business. Financing Methodology!
32:12 - Fleet Service
33:20 - Oil Change & another service Margin
33:47 - Advice to Carrier & Owner operator to save money on maintenance
35:24 - GTT Commercial ad
36:15 - Other ways to save money!
38:57 - What are some things needed to be done to stay on top?
40:11 - Recommendation for Oil changes/filters etc.
41:35 - Challenges in the Business
43:29 - The down period in Business
44:40 - Percentage of Staff cost & other costs to Business
45:27 - Future Growth Plans
48:10 - Truck Detailing!
49:15 - Business Revenue!
50:18 - Contact & Final Thought!