Bill Manke
Member
Trying to get ideas on current cost to build a 5 self-serve 2autos. Looking for construction costs only. Also where are you located? I know cost vary by area. Thanks Bill
Car Wash Forum
This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!
Cost of a new wash
- Thread starter Bill Manke
- Start date
3 Self Serve bays with Credit card system, bill validators, Dual bill changer, Shur-vend Vending machine, Specialty Inbay Auto, State of the art 0 Discharge Reclaim system, 4 Combo vac?s, Road improvements, Rain water onsite retention pond, Water system connect fee?s. No Sewer. They already owned the land. Total cost 1.19 Million!! Pacific Northwest.
raisetheprice
Member
We've got 2 locations that didn't cost that much with sewer!...still work like hell to make them go and cash flow. Let's say that the bays produce at best $4000/month, the auto $7000K, & vacs $1000/month. Not even close to covering all expenses and debt service especially with no sewer.
Earl Weiss
Well-known member
Maybem Maybe not. Commercial $ is at about 7%. Annual debt service is then $83,300.00.
If they own the land and have stellar credit they might get prime +1 which is currently 4=1 =5%. This is a debt service of $595,000.00
Industry average on a 3+1 is about $1500/mo/bay for the SS and $4500 for the IBA. This is including the ancillaries like Vacs and Vending. Works out to $108,000.00 a year.
So, unless their cost of $ is on the really low side, or they have a location that is going to be gangbusters; based on the state of the economy it seems like a tough decision to justify.
