In today's financing environment, money talks now more than ever. If you're looking to buy or build anything, if you don't have it, you probably won't get a loan. Years ago, you used to be able to get high Loan To Value (LTV) loans with minimal down payments, which often was borrowed from the FRP Fast or from home equity loans and other sources. The article will lead us through the theme Show me some money on Express Car Wash Near Me.
Now then, if you are wondering how best to set goals for the number of vehicles you will launder and detail each day, I have some advice for you. First, it matters how well your crew works together, and that depends on how well they are trained. If you have a team of two or three, and you work very good with each other, and you work together every single day.
First, if you are laundering vehicles in a row, just rinsing, you can do about 80-100 vehicles an hour. If you are hand laundering, you can clean about one every 5-8 minutes (exterior only) but realize that with a triggered nozzle, you'd not be spraying regularly. You will need a trailer and a truck which can tow about 1200 lbs. The reason I mentioned a 1200 pound. Useful load trailer was - 100-gallon loaf tank, water weighs 8 lbs. Per gallon = 800 lbs.
You have to consider the average rainfall - how many sunny days you have, how many overcast days there are, and how many days will be intermittent or full on stormy days. Hawaii has all of those things and more. In fact, sometimes it could be entirely reasonable weather on one side of the island, and the other hand receives a downpour.
The cost to run a pressure launderer is about 1.5 gallons per hour, and for a generator to run buffers, lights, vacuum cleaner, I'd say about the same fuel. You should be able to do well at a $10-15 price point (USD), so you'll have to convert all my figures from USD to whatever your currency is. Perhaps you will also need to turn the measurements into metric.
While it is true that certain types of financing instruments offer higher Loan To Value (LTV) financing, they still will look to see if there is enough collateral. For instance, with an SBA 504 loan, occasionally you will see a 90% advance. In most cases, if you are getting 90% financing, the site itself will not be sufficient collateral and a lender will look for additional insurance. This is what they don't tell you.
And, if the competition is already entrenched in the marketplace, you will not be able to charge much more than they do, even if your quality is a good deal better until you prove yourself and gain a strong reputation. Why not use this list of criteria when setting up your assumptions and producing a pro forma on how many vehicles you will cleaning and how much money you will make when calculating these numbers.
This does not make conventional financing a better option because if you're looking at Cost of Funds (COF) and Return on Investment (ROI), the higher advance will almost always outperform the lower. If you have insufficient on equity, it might be necessary to find a partner with more capital. If this partner does not wish to have involvement in the day to day operations of the vehicle launder, after a period, you should be able to buy them out from the profits of the facility.
Now then, if you are wondering how best to set goals for the number of vehicles you will launder and detail each day, I have some advice for you. First, it matters how well your crew works together, and that depends on how well they are trained. If you have a team of two or three, and you work very good with each other, and you work together every single day.
First, if you are laundering vehicles in a row, just rinsing, you can do about 80-100 vehicles an hour. If you are hand laundering, you can clean about one every 5-8 minutes (exterior only) but realize that with a triggered nozzle, you'd not be spraying regularly. You will need a trailer and a truck which can tow about 1200 lbs. The reason I mentioned a 1200 pound. Useful load trailer was - 100-gallon loaf tank, water weighs 8 lbs. Per gallon = 800 lbs.
You have to consider the average rainfall - how many sunny days you have, how many overcast days there are, and how many days will be intermittent or full on stormy days. Hawaii has all of those things and more. In fact, sometimes it could be entirely reasonable weather on one side of the island, and the other hand receives a downpour.
The cost to run a pressure launderer is about 1.5 gallons per hour, and for a generator to run buffers, lights, vacuum cleaner, I'd say about the same fuel. You should be able to do well at a $10-15 price point (USD), so you'll have to convert all my figures from USD to whatever your currency is. Perhaps you will also need to turn the measurements into metric.
While it is true that certain types of financing instruments offer higher Loan To Value (LTV) financing, they still will look to see if there is enough collateral. For instance, with an SBA 504 loan, occasionally you will see a 90% advance. In most cases, if you are getting 90% financing, the site itself will not be sufficient collateral and a lender will look for additional insurance. This is what they don't tell you.
And, if the competition is already entrenched in the marketplace, you will not be able to charge much more than they do, even if your quality is a good deal better until you prove yourself and gain a strong reputation. Why not use this list of criteria when setting up your assumptions and producing a pro forma on how many vehicles you will cleaning and how much money you will make when calculating these numbers.
This does not make conventional financing a better option because if you're looking at Cost of Funds (COF) and Return on Investment (ROI), the higher advance will almost always outperform the lower. If you have insufficient on equity, it might be necessary to find a partner with more capital. If this partner does not wish to have involvement in the day to day operations of the vehicle launder, after a period, you should be able to buy them out from the profits of the facility.
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