Invest in a car wash?

Home Forums General Discussion Invest in a car wash?

This topic contains 4 replies, has 2 voices, and was last updated by  DHART 1 year ago.

  • Author
    Posts
  • #1073

    DHART
    Participant

    I came across an opportunity to develop a new franchise car wash. I’ve never done anything like this before. What are the things to consider when looking at an opportunity like this?

  • #1083

    Chris Pflum
    Participant

    I love looking at investment opportunities like this, as there are certain advantages. There are also certain disadvantages as well.

    Do you know anything about car washes, other than that’s where you go to get your car washed? Car washes are a niche product that requires certain neighborhood demographics to be successful. Also, car washes tend to trend along with the economy. A recession tends to get people washing their own cars.

    Having said that, if the locale makes sense, and the franchise is a good one, might be worth taking a closer look.

    Who is the franchise?

  • #1088

    DHART
    Participant

    The company is Cactus Car Wash cactuscarwash.com.

    Any suggestions on where I can get more information on this company, as well as on running a car wash?

  • #1113

    Chris Pflum
    Participant

    You can gather a lot of information on franchises like this online, so definitely do your homework there.

    Another recommendation I would make is to find yourself a business broker who is familiar with franchises, and make them your new best friend. They can not only help you select the right franchise, but also help with location. You want to build it where it will become a profitable operation, and having someone who understands car wash operations can be highly valuable.

  • #1148

    DHART
    Participant

    Any tips on finding a good business broker?

You must be logged in to reply to this topic.