5 PITFALLS IN CARWASH INVESTING

1. UNDERESTIMATING THE TIME AND SKILL NEEDED

The type of wash business you build will depend a great deal on how much time and effort you’re

willing to devote to the business and your skill level at managing and operating that business. Plan

on going over budget and over schedule, so if things stay in budget and on time it will be a pleasant

surprise!

2. INSUFFICIENT FUNDS

While building a wash is an expensive proposition, it’s important that you get the most from your

investment by borrowing and building wisely. A quality equipment supplier should have many

financing options available to fit your budget. Plan for “downtime”.

3. BAD LOCATION

There are many important factors involved in selecting a site for your wash. Issues like traffic flow,

demographics, site configurations, zoning, and available utilities are among the many aspects you

must consider. Feasibility templates are available from a quality supplier.

4. GOING SOLO

One of the most important decisions you’ll make is to work with a team of people that will work with

you to achieve your goal of building a successful wash. It is critical that you select experienced

companies that can assist you through all phases of the project from initial planning to operating the

wash. Build a team.

5. UNREALISTIC EXPECTATIONS

As with any investment, profitability and long term value are key considerations. While no one has a

crystal ball that can guarantee that you will achieve your goals, careful planning from the inception of

the project to the operation of the wash will go a long way to facilitate your success as a car wash

owner and operator. Do your research and PLAN, PLAN, PLAN!

From the desk of Cliff Reed, Hydro-Spray