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SBA centers offer reliable sources of information about a variety of industries, as well as consultants, many of whom have successfully run their own profitable small businesses in the past.They are also knowledgeable about financing options, including at the local level, should your car wash business need a loan.
The report indicates SBA loan failure rate for the car wash industry was significantly lower than both franchises and general small business.
From 2001 to 2010, SBA loans to general small business failed at a rate 22.4 percent greater than loans to the car wash industry.
Know what the investment requires of you, so you can make an objective, accurate assessment of your means, skills and readiness to commit.
Should you find that you have them, you’ll be positioned for your next steps.
If you are looking for a low-risk business with long-term potential, a car wash fits the bill.
A report from the Small Business Administration shows car washes outperform both franchised business and general small business by a wide margin.
Now that we have told you everything you should know about starting a car wash business, the next step is to write a business plan.
The SBA has templates, available for download from its website, which guide you through a process of documenting the information needed.
This data above indicate one reason to own a car wash could be favorable prospects for customers, depending on the selection of a business location with a high volume of car drivers.
If you’re seriously thinking about getting into the car wash industry, get to know what you embark on. Get truthful answers from people who know the business and who will help you decide if owning a car wash business is a fit for you.