Posted by 2 Old 2 Care on February 25, 2015 at 03:13:26 from (74.142.63.198):
In Reply to: OT Car wash posted by gmccool on February 24, 2015 at 18:58:14:
I own the property one is built on (99 year lease) I see all the financials at the end of each year. Just reviewed 2014's. It's in the 17th year of the lease agreement. Like ANY business, a car wash is subject to success or failure depending on a number of factors. You need a good location. The one I'm referring to is only a couple blocks from another car wash, but ours does 90% of the business in our small town primarily due to the better location. Also, you need modern, CLEAN, well maintained facilities.
I'll use the term "we" because this is somewhat of a partnership agreement.
Vandalism can be a huge expense. We counter that by having a well thought out security camera system and a manager/maintenance man who drop in at frequent intervals. If we catch someone (first hand OR on camera) we prosecute whenever possible. Word travels fast around a small town.
Also, our facility is in plain unobstructed view of several other business'. No security system beats nosy neighbors!
Know your state, local and EPA requirements....Meet or exceed them.
Also keep in mind there is a rather hefty initial investment that takes a few years to recoup. I look at it as this being like investing in the stock market....long term investment.
There are a number of firms that build car washes and supply product/equipment. All of them I'm familiar with will sit down with you and develop a business plan, one you can take to the bank to secure financial assistance. I'm sure that service is offered nation wide by other vendors. Google search "car wash builders" and include your location in that search.
I won't go into specifics, but I get a rather substantial lease payment every year, and the owner/operator makes what I'd consider a decent living with his portion. Not everyone's results are the same though, just as not all small business' make it in todays world.
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