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.
If you merely launder high volume low-cost all day you'll need a 250 gallon water tank, but if you mix it up and they are vehicles (you will get better with practice) then you will do 45-60 launders per day, 1-2 details, 2-3 mini-details (express wax), with about 10-15 interior cleanings - with a crew of two, kicking butt. Now then, I am not sure what the costs of purchasing a trailer in your immediate area, as there are differences everywhere in the prices of such equipment, but you need one which can hold about 1200 lbs.
Next, you have to decide what kind of mobile vehiclelaunder company you were going to be and what kind of services you will specialize in. If you're going to go to large corporations to launder vehicles in the parking lot that you need to know the number of large companies that are in your area, assess the competition, and divide up your market share.
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.
Some folks use a Dry Launder method, I am against it, but it would save the cost of equipment and trailer. For equipment, I don't have any top equipment picks, but I do like a general pump or CAT pump. I also like Honda small engines for equipment, and Goodyear hoses, and Cox reels.
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.
If you merely launder high volume low-cost all day you'll need a 250 gallon water tank, but if you mix it up and they are vehicles (you will get better with practice) then you will do 45-60 launders per day, 1-2 details, 2-3 mini-details (express wax), with about 10-15 interior cleanings - with a crew of two, kicking butt. Now then, I am not sure what the costs of purchasing a trailer in your immediate area, as there are differences everywhere in the prices of such equipment, but you need one which can hold about 1200 lbs.
Next, you have to decide what kind of mobile vehiclelaunder company you were going to be and what kind of services you will specialize in. If you're going to go to large corporations to launder vehicles in the parking lot that you need to know the number of large companies that are in your area, assess the competition, and divide up your market share.
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.
Some folks use a Dry Launder method, I am against it, but it would save the cost of equipment and trailer. For equipment, I don't have any top equipment picks, but I do like a general pump or CAT pump. I also like Honda small engines for equipment, and Goodyear hoses, and Cox reels.
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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