A. Dear
Paul:
It is hard to categorically say how much income you can expect to make
from a car wash business. The rule of thumb is 15-20% return on investment
on a 5-7 year window. It really depends on the type of car wash you decide
on and the services you will offer.
You need to consider the following factors to ensure greater
profitability in your car wash business:
1. Location - you need to choose a location that will support the
operations of your business, and it should be very visible
2. Type - what car wash operation are you planning to operate (self
service car wash or in-bay automatic, which can either be friction
automatics or touch free automatics)
3. Equipment - Unless the car wash business you are thinking of is the
self service type, an automatic car wash business requires significant
capital equipment
One good resource I found in the car wash business is Hill and Foss Car
Wash Business Systems. They have an FAQ section that answers some of the
common questions in starting a car wash business.
http://www.hillandfoss.com/faq.html
Good luck,
Isabel Isidro
About the PowerHomeBiz.com Guide:
Isabel Isidro is the
co-founder and VP-Managing Editor of PowerHomeBiz.com, an online magazine
for home business entrepreneurs that provides guidance on starting, running
and managing a home-based business.
The opinions expressed in this column are
those of the author, not of PowerHomeBiz.com.
Users
should not treat the Guide's response as legal, accounting, or
professional advice as all answers are intended to be general in
nature. Such advice can only be properly given by qualified
professionals who are fully aware of a user's specific geographical areas or circumstances, such
as
an attorney or accountant.
