Hi
I am new on this, I do not own a car wash "yet"; I have been researching for an additional source of income when I found the car wash world, for me appears to be a great option.
I live in Canada, in winter months the temp can reach -4 F, the extreme cold is -60F, the average is 14F in winter.
Can any of you please confirm my assumptions?
Projected Traffic Count (veh/month)= 172,361 (winter months included)
daily traffic count (2/10)= 20%
Potential Customer Base (veh/yr)= 413,667
yearly average capture %rate = 3%
Composite= 0.006
Vehicles at % Captured(month)= 1,034
Vehicles at % Captured(day)= 34
Standard wash Price= $10
Material Cost=$1
Utility Cost= $4
Net Profit=$5
%margin is 50%
Material cost assumes 10% sales
Utility cost assumes 40% sales
Capital investment of $200,000 (1 bay~ touch less + Building???)
Year 1 economics:
Vehicles at % Captured (yr)= 12,410 (or 1,034 month or 34 in one day)
GROSS profit/yr= $124,100
NET profit/yr=$62,050
NET profit/month= $5,171
ROI/yr=31%
It gets fully paid-out in 3 years
Please advise me:
Are my calcs accurate?
Did I miss something?
Which In Bay Automatics would I consider? Cost?
Do you have experience with extreme cold weather? It implies additional services and shut-down after temperatures of 5F?
Thanks
JGX
I am new on this, I do not own a car wash "yet"; I have been researching for an additional source of income when I found the car wash world, for me appears to be a great option.
I live in Canada, in winter months the temp can reach -4 F, the extreme cold is -60F, the average is 14F in winter.
Can any of you please confirm my assumptions?
Projected Traffic Count (veh/month)= 172,361 (winter months included)
daily traffic count (2/10)= 20%
Potential Customer Base (veh/yr)= 413,667
yearly average capture %rate = 3%
Composite= 0.006
Vehicles at % Captured(month)= 1,034
Vehicles at % Captured(day)= 34
Standard wash Price= $10
Material Cost=$1
Utility Cost= $4
Net Profit=$5
%margin is 50%
Material cost assumes 10% sales
Utility cost assumes 40% sales
Capital investment of $200,000 (1 bay~ touch less + Building???)
Year 1 economics:
Vehicles at % Captured (yr)= 12,410 (or 1,034 month or 34 in one day)
GROSS profit/yr= $124,100
NET profit/yr=$62,050
NET profit/month= $5,171
ROI/yr=31%
It gets fully paid-out in 3 years
Please advise me:
Are my calcs accurate?
Did I miss something?
Which In Bay Automatics would I consider? Cost?
Do you have experience with extreme cold weather? It implies additional services and shut-down after temperatures of 5F?
Thanks
JGX