@jrauth Also curious 40% margin for debt service for what type of car wash? I ask because I'm interested in self serve with possible in-bay automatics. Thank you.
Hey gang!
I'm seeking a consultant in the NJ/PA area. As someone who is new to the car wash business I need someone to assess the business; location, traffic count, equipment, business operations and the reported revenue and expenses.
Appreciate any recommendations.
@Joswhaha
Hello. Is that 3 - 5x of gross for the business alone or for the real estate as well? I assume it's just for the business? Thanks in advance.
Hey gang!
I'm seeking a consultant in the NJ/PA area. As someone who is new to the car wash business I need someone to assess the business; location, traffic count, equipment, business operations and the reported revenue and expenses.
Appreciate any recommendations.
@jrauth Thank you for sharing the formula for the annual annual numbers of cars one can expect to wash was; daily traffic count times a capture rate of 1% times 300 days a year.
Question: Is that 1% of traffic flowing in both directions of the road or 1% of traffic flowing directly past the wash?
Yup, @OurTown. The owner currently does everything himself.
I agree, having even a basic understanding would help eliminate some degree of stress. I've asked the owner for the finanicals. I just have to figure out what the cost of hiring would be so I can deduct that as an expense and...
Thanks buddy! That's nice of you to offer. Right now I'm just in conversation to buy a place (don't own it at the moment). I'm trying to estimate how much it's going to cost to actually hire people to run the wash on a day to day basis.
I appreciate the candor and feedback. It makes a lot of sense. Especially replacing items as they break not patching and paying fair and competitive hourly rates.
The business in mind has 4 self serves and 2 automatics.
Hey team!
I'm considering the purchase of a self service wash in the NJ/PA area. I have a corporate gig, so the car wash would serve as an investment.
I'll clearly need a team to run the business for me on a day to day basis. Finding someone to clean up should be easy, but I suspect finding...