The ones here are franchises.This has been discussed before. Most carwashes are owned by limited partnerships. Carwashes are a great way to have an income stream while you wait for the land underneath to appreciate. Limited Partnerships love this business model.
So I am inferring then that someone wants to own the land, and I read above you can depreciate your entire expense of the car wash in year 1, so I put up a car wash, make enough money to pay for itself and the taxes, and wait for appreciation of the land?
So why a limited partnership, vs a c-corp or LLC? Where is that advantage?
The things you learn here. Amazing.