A 22-Year-Old Goes Viral For Showing How Much She Makes Owning a Tennessee Car Wash
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One might not think about a car wash as a business that makes you a decent amount of money. But one 22-year-old from Tennessee went viral for showing just how much she makes at the self-serve car wash she purchased herself.
Hannah Ingram says the car wash rakes in more than $50,000 a year—and because it’s a self-serve car wash, it requires minimal effort on Ingram’s part, according to Daily Mail.
Hannah Ingram brings in more than $50,000 a year with her car wash business.
Getting into the car wash business
Ingram has reportedly had a passion for business since high school, when she started reading business and self-help books.
She went to community college for two years with a plan to study business. She transferred to the University of Tennessee at Martin, and realized it wasn’t for her.
She ended up dropping out of college and studying to become a real estate agent, which is still her primary source of income. The car wash is one of her “side hustles,” which also include e-commerce and coaching students.
Now, Ingram has more than 620,000 followers on her @hannah_ingram_ account where she gives a behind-the-scenes look at what it’s like to own her own car wash.
A day in the life of owning a Tennessee car wash
One viral clip that shows the young entrepreneur emptying out the coin slots and change dispensers has been viewed 38.8 million times.
That week, she explained she made $773 in dollar bills alone and was up to about $450 in quarters when the machine filled up. She had to call over a bank attendant to help, and the bank even ran out of bags to put the quarters in.
Another video on her page shows what a day is like owning a car wash—filling the change dispensers, restocking the vending machines, taking out the trash, and then finally collecting the money.
Ingram reportedly only spends an hour and a half to two hours a week at the car wash, but she is always making money—even when she’s on vacation.
How did she buy it?
So how exactly did Ingram buy a car wash at 22 years old? Surprisingly, even though the car wash cost $140,000, she was able to buy it without a loan, parental help, or any kind of credit.
According to Buzzfeed, Ingram was able to make the purchase through seller financing, which is a loan provided by the seller of a business or property. The seller already got a loan from a bank for $140,000, and Ingram simply pays the seller’s payment every month.
Part of the agreement is that Ingram receives all of the income, and is responsible for all of the expenses and maintenance of the car wash. The car wash will be repossessed if she fails to make the payments.
Because of her business ventures, Ingram was even recently able to purchase her dream car—a Maserati. She also recently purchased a brand new truck that she was able to deduct on her taxes because she uses it to transport equipment like soap to her business.
Expanding the car wash
The business is doing well, and Ingram is currently in the process of adding storage units to the property to make even more money.
For those interested in following her journey on TikTok, she has said she will record the whole process.