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Georgia Car Wash Loans and Financing Options From Georgia-Based Community Banks.
Car Wash Construction Financing
Constructions loans, unlike standard term loans, have two components: The construction phase and the permanent financing phase. Both components are critical in the short and long-term success of your business. We can help!
Lease or Buy? Learn more about the advantages and disadvantages of financing your equipment purchases through popular leasing and traditional loan options. You may surprised at the true cost of financing your equipment purchase.
Buying an existing facility? Great - this typically makes financing easier. Let us help you take a peek under the hood of this business. If everything looks good, we can help find a lending partner.
Opening a shop? Here are 6 things you should know.
A car wash can be a good business for an entrepreneur with little previous business experience. According to the International Carwash Association, 37 percent of car wash owners have owned their business for less than five years. Profits can average around from $41,000 a year for a self-service car wash to over $680,000 for a full-service business.
Car Wash Types
Types of car washes include a full-service wash, which features an exterior cleaning as well as interior vacuuming performed by a staff of workers. The automatic rollover wash is where the vehicle owner stays in the auto while it is pulled through a conveyor-type system. A self-service wash is where vehicles owners wash their own cars in a bay with the use of a wand. A mobile car wash is where the business owner travels in a specially equipped vehicle to the auto's location.
What Are the Benefits?
As the number of cars on the road continues to increase the need for car wash businesses should also increase, according to the International Carwash Association website. A car wash can also be a good business for someone who enjoys working with his hands and enjoys working with the public.
What Are the Disadvantages?
Potential disadvantages to owning a car wash include that depending on your geographic area, the business can be seasonal. If you operate a full-service car wash, you will need to hire and manage a staff of employees. You will also have to deal with customers who are not satisfied with the finished product. If you're not mechanically inclined, you will need to hire a maintenance worker to tend to the machinery, which may break down during busy periods.
A Few Considerations
Other factors to consider include your ability to manage your cash flow. A string of bad weather can put a damper on your business, so you need to handle your money wisely. The business typically requires long hours and physical labor, so a high energy level is also necessary.
You focus on cleaning cars, we will focus on cleaning up your loan request paperwork.