A car wash business can be a very good idea for a business. However here are 5 things to consider:
1. Cost
2. Experience
3. Location
4. Franchise or Not?
5. Time Commitment
Cost:
You can find many car wash businesses for sale throughout the country. You can find one for as little as $50,000 depending on the age & location of the actual business. If you are thinking of starting a car wash franchise then the costs can be much higher. Some franchise models will require a $350,000 investment plus a liquid cash amount of $100,000 in your bank account before they even consider your application. The $100K is for you to cover your expenses for your first 6 months in business (the hardest time for any business).
Experience:
If you have any experience in this industry would be a definite asset. Too many people get involved in a business that they have absolutely no idea about. If you are seriously considering a car wash business then do your self a favour & get a temporary job at a local car wash. This will give you a general idea of how the business runs & a feel of if this is the right financial vehicle for you. A little experience can save you a few hundred thousand dollars.
Location:
It is very important to find a good location in order to be able to survive in any business. This is a supply & demand issue. Find a location that doesn't have another car wash near by that is a high traffic area. The more cars that go by, the busier you will be.
Franchise or Not?
Franchise models are safer to get involved with but at the same time can be very pricey. Franchise models have a system in place that has been proven for years. They will teach you everything that you will need to know with on the job training. You will learn everything from A to Z about the business with them. They will even survey locations & pick the best possible spot for you.
Time Commitment:
Most business owners work at least 60 hours per week. If you have a passion to be your own boss then you will not mind committing your time to your business. However if you are having second thoughts about working more than 45 hours per week, then maybe you should re think your position.
About the Author:
Rory Singh is a Business Development Coach and Professional Marketing Consultant. To learn how to Make More in One Month than Most Make in One Year visit:
http://www.networkopportunities.net
Before I got involved in this industry I looked at many franchises. Although some were appealing, they still involved a lot of time trading for income; the main thing that I was looking to avoid.
Our industry has created more Millionaires than any other Career throughout the US & Canada.
Article Source: http://EzineArticles.com/?expert=Rory_Singh
1. Cost
2. Experience
3. Location
4. Franchise or Not?
5. Time Commitment
Cost:
You can find many car wash businesses for sale throughout the country. You can find one for as little as $50,000 depending on the age & location of the actual business. If you are thinking of starting a car wash franchise then the costs can be much higher. Some franchise models will require a $350,000 investment plus a liquid cash amount of $100,000 in your bank account before they even consider your application. The $100K is for you to cover your expenses for your first 6 months in business (the hardest time for any business).
Experience:
If you have any experience in this industry would be a definite asset. Too many people get involved in a business that they have absolutely no idea about. If you are seriously considering a car wash business then do your self a favour & get a temporary job at a local car wash. This will give you a general idea of how the business runs & a feel of if this is the right financial vehicle for you. A little experience can save you a few hundred thousand dollars.
Location:
It is very important to find a good location in order to be able to survive in any business. This is a supply & demand issue. Find a location that doesn't have another car wash near by that is a high traffic area. The more cars that go by, the busier you will be.
Franchise or Not?
Franchise models are safer to get involved with but at the same time can be very pricey. Franchise models have a system in place that has been proven for years. They will teach you everything that you will need to know with on the job training. You will learn everything from A to Z about the business with them. They will even survey locations & pick the best possible spot for you.
Time Commitment:
Most business owners work at least 60 hours per week. If you have a passion to be your own boss then you will not mind committing your time to your business. However if you are having second thoughts about working more than 45 hours per week, then maybe you should re think your position.
About the Author:
Rory Singh is a Business Development Coach and Professional Marketing Consultant. To learn how to Make More in One Month than Most Make in One Year visit:
http://www.networkopportunities.net
Before I got involved in this industry I looked at many franchises. Although some were appealing, they still involved a lot of time trading for income; the main thing that I was looking to avoid.
Our industry has created more Millionaires than any other Career throughout the US & Canada.
Article Source: http://EzineArticles.com/?expert=Rory_Singh
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