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Hello, everybody. Merry Christmas to you! Recently an applicant asked me to finance his purchase of an existing car wash business that has an Autobase conveyor wash system. The conveyor appears to be about 60 to 65 feet long. It may be a model T-901. Emblems on two of the major arches say...

Full-Service General Manager Compensation Hello, folks - An owner group is working on a compensation formula for the General Manager who has very good experience running full-service car washes. The subject wash is a moderate (not bad) turnaround with mostly new modern equipment and signage...

Hello, everybody - An experienced owner/operator is looking for an auctioneer to auction a presently operating full-service conveyor car wash land, building, and equipment - everything - in the south central USA. (Fortunately it wasn't one of MY loans! :) ) While it might be helpful, this...

For you conveyor wash owners and operators - I have heard some conveyor car wash owners say that they try to keep cash in the bank that equals 3 months of expenses and loan payments. Some try to keep 6 months. How do YOU determine how much cash for operations (not for equipment replacements)...

Hello, everyone - This forum has always been a valuable resource. Thank You, Bill, for this site. I want to be able to suggest a reasonably simple, easy-to-determine method for distributing the cash flow after paying all of the expenses and the debt service. My thought is that the business...

For you guys that have these, would you do it again? Of course, visibility is a big plus, but what are other positives? What are the negatives? Thanks! Alan Bussey

Guys - Ok, here goes....I have a newbie investor leaning to a metal-frame all-glass structure for a 60-foot express conveyor. I'm not sure what financing I can offer on one of these structures. For the collateral analysis I need to evidence to the lenders and to the appraiser the resale...

Hello, everyone - This is a short, and I believe interesting, video of President Obama making a 4-minute statement about a proposed new law to help with the economic recovery. If passed and signed into law, the Jobs Act will have a significant and direct favorable impact upon car wash owners...

I don't recall seeing a news story about car washes and the IRS quite like this one. Very descriptive. http://www2.timesdispatch.com/rtd/news/local/crime/article/TAXS04_20100503-222805/341944/ Wow. Alan Bussey

The Recovery Act (the 'Stimulus Act'), which became effective in February 2009, in part increased the SBA loan guarantee percentage and instituted SBA fee waivers. The 90% guarantee, up from the usual 75%, and the fee waivers have tremendously increased small business borrowing under the SBA...

Hello, everyone. I suppose that this question is for the folks who are familiar with the southern California car wash market. A prospective investor has approached me about financing a new full-service conveyor hand wash to be built in a Los Angeles suburb. The site looks OK, but not...

NADCO, the national association for SBA 504 fixed rate program lenders has made the final call for application packages to be submitted by the CDC's to SBA to take advantage of the 504 loan fee waivers under the Recovery (economic stimulus) Act. The application packages must be received by the...

The interest rate for SBA 504 2nd lien fixed rate loans is announced once each month. Today, the national association of firms that provide these 2nd lien loans announced that the effective interest rate for 504 second lien loans funded in September is just 5.143% fixed for 20 years. This is...

Many car wash investors use the SBA program to build, buy, or refinance. The most popular type of SBA-guaranteed loan is the 7a. The SBA guarantee induces the bank to make you the loan, where they otherwise might not. Another advantage of a SBA-guaranteed loan is that the down payment is...

If you are planning to build a new conveyor car wash, the following information may save you a significant amount of money: On February 17th the American Recovery and Reinvestment Act, also known as the ?Economic Stimulus Package?, went into effect. Part of the Act significantly reduces the...

Hello, everyone, and Happy New Year! I am looking for examples of flat-belt conveyors in use in full-service, flex-serve, or exterior conveyor car washes. Of course Cloister is one, Benny's is one... I am really looking for names and locations of car washes on the West Coast, particularly...