Investors
Why Invest?
Simply stated, the vehicle wash business is one of the most successful investments on the market today.
Consider these investment advantages:
- Potential High Rate of Return on Investment (ROI) - Properly planned, well-managed sites can provide very rewarding returns.
- Cash Business - No Accounts Receivable - The vehicle wash consumer pays for the wash before they receive the service, not after. No billing and collection to worry about.
- Around-the-Clock Profit Center - The cash, credit card, token and code-generated carwashes allow for vehicle washes to be open 24 hours a day without an attendant.
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Ever-Expanding Customer Base - Statistics show consumers are holding on to their vehicles longer and taking care of them, including having them washed on a regular basis.
With these advantages, it’s no wonder vehicle wash owners are cleaning up. Now is a great time for you to get in on the thriving vehicle wash business!
Join the thousands of savvy investors who have found great opportunity and satisfaction investing in carwashes.
Selecting the location
Location is critical to the success of a carwash. There are several factors when evaluating a property for your carwash. Always procure a plot plan or survey showing setback requirements, easements and ingress/egress locations.
Traffic Count - This data can be obtained from the ministry of transport or city council. Traffic type (local, commuter, suburban or commercial), traffic count, traffic flow, speed limits and customer access should be analyzed. High local traffic with speed limits of 65 kph or less is an ideal site. Extremely heavy traffic in urban areas especially near intersections may not be a good choice.
Competition - Map the location of each competitor within a 8-12 kilometre radius of your site. It is assumed one in-bay automatic vehicle wash can be supported by as few as 5,000 to 7,000 people within a 5-kilometre radius.
Zoning - Local zoning regulations need to be reviewed. Obtain a water, sewer, electric and gas availability letter from local utility companies.
Site Planning - Individual property size requirements are unique to each wash site. There are a number of factors that impact the size of the property. Some of the factors include the number of planned wash bays, length and width of wash bays, length and width of equipment room, whether or not an equipment room is required, access to the property, adjacent properties, local zoning regulations and equipment choices.
Contact us for assistance in determing your location’s potential.
