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Car Wash Feasibility Study

Car Wash
Feasibility Study

Wert-Berater, Inc. specializes in providing expert and reliable feasibility studies for Car Wash projects.

 

Our team of experienced professionals evaluates all aspects of the project to ensure its success – from project inception to construction and operations planning.

 

Choose us to help you make informed decisions for your Car Wash project.

Book a meeting to interview us, ask questions and view samples of our work.

Because of client project confidentiality, unfortunately we do not email samples to customers  - Client Confidentiality is Sacred.

Car Wash
Feasibility Study

At Wert-Berater, Inc., we are experts in Car Wash feasibility studies, providing essential information to those seeking SBA 504, SBA 7(a), USDA B&I or other commercial loans.

 

Our team of professionals is dedicated to delivering accurate and comprehensive evaluations of Car Wash properties, including market analysis, financial projections, and site assessments.

 

With our expertise and attention to detail, we help clients make informed decisions about their investments and develop successful business plans.

Whether your project is an expansion or new build Car Wash, we have the experience to provide a comprehensive Car Wash feasibility study that assist your decision making process and potential loan underwriting in compliance with the Small Business Administration (SBA), USDA or other commercial loan requirements.

See our Experience Page for recent Car Wash Feasibility Studies completed around the nation.

FAQs

How do we do it?

Car Wash Feasibility Studies are carried out by a careful evaluation as presented in the following Car Wash Feasibility Statement of Work which complies with USDA and SBA loan underwriting requirements.

We subscribe to reliable sources of data that are accepted by loan underwriters.

Will my Car Wash feasibility study be accepted by my lender?

We are approved by a vast network of SBA lenders, CDC's and Commercial Banks.  Prior to ordering your Car Wash feasibility study, if your lender in not on our list, we are pleased to provide our feasibility study consultant credentials including E&O Insurance, Sample Car Wash Feasibility Studies, references, and our resumes.

How much does a Car Wash Feasibility Study cost?

Depending on the complexity of the project and the time needed to have a completed Car Wash feasibility study ready, the cost varies from about $5,000 to $10,000.

How much time is needed for us to complete and deliver your car wash feasibility study?

This depends on our workload when you order your Car Wash feasibility study.  

RUSH orders cost extra, but can be completed in as little as 5-business days, providing you have the necessary items provided to us at engagement.

Generally, Car Wash feasibility studies are completed in about 10 to 15 business days.  

What items do I need to provide to have a Car Wash Feasibility Study completed? 

Our Car Wash feasibility studies are comprehensive and intended for loan underwriting purposes.  

We normally request the following items when you engage us for a car wash feasibility study:

  • Parcel number(s)

  • Land cost

  • Site plan

  • Franchise agreement (s) or summaries of the terms, if any

  • Building renderings and dimensions  (SF areas and allocations) for other uses such as dog wash, retail and amenities areas

  • Project cost breakdown

  • Land cost and when purchased or is it under contract

  • Resumes for all owners with 20% or more interest

  • Loan terms applied for including Loan Type such as SBA 504 or 7(a), USDA, loan amount(s), interest rate and amortization

  • Copy of your business plan including your projections

  • Any appraisals

  • Any environmental reports (if a purchase, continuance or reposition project, all Phase I or Phase II Environmental assessments

  • If your lender has provided a Term Sheet, we would like to have a copy

  • Other items you deem important

  • Lender contact details

Car Wash Feasibility Study Statement of Work

Executive Summary

Car Wash Feasibility Studies are designed to comply with SBA, USDA and other commercial loan application requirements. 

 

The Executive Summary includes the following items:

  • Project summary concerning the franchise (if any), planned improvements details and location

  • Loan request details

  • Project cost summary

  • Conclusions and Recomendations

2

Economic Feasibility

Car Wash Feasibility Study site analysis is a critical component of the project whether its of new construction, expansion or a repositioning project, a compete site analysis is completed summarized as follows:

Information regarding project site including:

  • Land area

  • Site locator maps

  • Zoning

  • Flood zone

  • Access and Road Service to the Site

  • Utilities availability

  • Availability of infrastructure

  • Visibility

  • Traffic counts

  • Neighborhood analysis

  • Radius Demographics

  • Intended hours of operation

  • Demand Drivers

  • Labor scheme which summarizes the number of employees, shifts worked, wages and benefits

  • Site analysis summary 

  • Conclusions

3

Market Feasibility

The market feasibility section for a Car Wash feasibility study includes the following items:

  • National industry overview

  • Local competitive analysis including existing, in-planning and under construction competitors 

  • Road way influences

  • Traffic capture rates

  • Car Wash rates and rate growth rates

  • Gross revenue estimates, including seasonality

  • Retail revenue estimates

  • Club membership revenue estimates

  • Conclusions

4

Technical Feasibility

The technical feasibility study section for a Car Wash feasibility study includes the following items:

  • Suitability of the selected site for the intended use including an environmental impact analysis

  • Development and construction cost estimates

  • Commercial Replication risks

  • Regulation and Governmental Action

  • Conclusions

5

Financial Feasibility 

Financial Feasibility

The financial feasibility study section for a Car Wash feasibility study includes the following items:

  • Pro forma Assumptions

    • Rates​

    • Volumes of Washes

  • Pro forma (10 years) 

  • Lease Up Analysis, if leased property

  • Rent Roll Rollover Analysis, if leased property

  • Discounted Cash Flow Analysis (DCF)

  • Internal Rate of Return (IRR) Analysis 3-, 5-, 7-, and 10-year hold

  • Debt Service Coverage Ratio (DSCR)

  • Sensitivity Analysis

  • Breakeven Analysis

  • Conclusions

6

Management Feasibility

The Car Wash feasibility management feasibility  includes:

  • Summary of your experience and education, training for all owners with a 20% interest or more

  • Ownership interest summary

  • Availability of short-term credit

  • Tax issues

  • Company organizational chart

  • Type of legal entity and information concerning its formation

  • Conclusions

Why choose Wert-Berater, Inc. for your Car Wash Feasibility Study and what sets Wert-Berater, Inc. from their competitors?

We are a small and focused firm that specializes in feasibility studies since 1998 having over 25-years of experience.  

We are lender underwriting report focused, thereby your lender will be provided with the appropriate third party assessment of your project. 

We understand the loan underwriting process. 

 

Over the decades, feedback from lenders has helped shape our Car Wash feasibility studies to comply with underwriting demands.

Moreover, we have experience in a wide array of markets and franchises.  

Our in-house files include studies that we have provided whereas many owners have provided us with financial statements for their other Car Wash faciltiies they own, thus we have developed well-supported pro forma statements based on actual financial statement ratios in just about all 5o states and territories.

We also subscribe to platforms such as RMA (Risk Management Association), ArcGIS Business Analyst, and Dun & Bradstreet which provides us with localized competitor financial data.  

Our Car Wash feasibility studies are bankable feasibility studies mostly used for to support loan applications. 

Get in Touch

Book an online Zoom Meeting to interview us concerning your Car Wash Feasibility Study needs

Car Wash Feasibility Study
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