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Buy a Car Wash
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Building a Car Wash
A Car Wash is a great cash flow generator but
requires a substantial amount of capital to start. Therefore, an
investor should do all the necessary due diligence on location,
demographics, expected ROI, etc. before making any investment decissions.
Always consult with an expert in the industry and hire a lawyer for
negotiating leases, etc. Never rely solely on brokers or equipment
makers as their interest if to get people to invest and might not always
have the investors best interests in mind.
As a rule of thumb, the building of a new car wash
requires the following:
1. Because of the equipment involved and the land required to build a
car wash, expect to invest anywhere from $120,000 to $150,000 per
self-serve bay and $250,000 for an automatic bay. Full service car
washes require tunnel wash and the cost will vary from $500,000 to
$2,000,000 to finish the entire project that will include building and
equipment.
2. Call the city in which you are planning to build to determine
zoning and permit requirements.
3. An equipment supplier should be selected before the project starts to
help with the design, permits, architects, and contractors. As equipment
vendors they can also project financials, however, NEVER rely
solely on a forecast by vendors on a new location as there are many
variables to a business. Remember, their interest is to sell you
equipment. In case your investment does not match projected revenues,
there will be no liability on their part.
4. It is preferable to hire architects and contractors familiar with the
car wash industry.
5. Contact the different utility bureaus for water, sewer, electric and
gas to double check on availability and get it in writing.
6. Contact your city to obtain licenses to operate a car wash. Cities
vary in their requirements and fees and you should be aware of them
before making any financial commitment,
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