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  1. D

    New to the Industry.....Investor Question

    I am not ignoring all the other great advice. I was annoyed with the first guy who said I was probably a fake and the other guy that agreed. I am far from a fake and I resent that. All the other advice was and is much appreciated and I am taking it with open arms. My brother and I have...
  2. D

    New to the Industry.....Investor Question

    Thank you Buzzie8! Finally someone that posts positive advice. I am heeding the advice from even the ney sayers and considering other land sites. The seller is asking nearly $637k for 1.367 acres and based on what I have heard, that is not worth it. We are open to considering hand bays but...
  3. D

    New to the Industry.....Investor Question

    So many nay Sayers. I don't want to mess with handbays. When Tom Hobby the CEO of Autec who is way more successful than both of the nay Sayers is telling me hand bays don't return as much as automatics, I listen. We have two car washes about 5 miles away with handbays and they sit empty even...
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    New to the Industry.....Investor Question

    How rude Mr. Roman! First if all we do have a business plan and we are in the preliminary stages. We are simply trying to ascertain what the best setup would be. We have gotten a lot of suggestions and based on what we have been told about the land I am not sure it is the best site for a car...
  5. D

    New to the Industry.....Investor Question

    The bank is going through an SBA 504 program and it requires 10% equity from the owner. We are looking into several other sites. We may end up with a dual bay set up or single with hand bays. I agree the land cost is ridiculous so we will continue to shop. They have had terrible luck selling...
  6. D

    New to the Industry.....Investor Question

    Traffic flow: 12,000 in front of location 22,000 with in half mile 65,000 on the highways 1 mile away Population: 2011: 28,500 within 3 miles 46,550 within 5 miles 123,671 within 10 miles Households...
  7. D

    New to the Industry.....Investor Question

    The lot is definitely suitable for a dual bay set up but we want to make sure that we don't build more than traffic flow will make use of. Maybe a single in bay and 2 handbays even though I don't find them to have great ROI. Thoughts?
  8. D

    New to the Industry.....Investor Question

    Thanks to both of you for the quick responses. I will look into the angel investors and see what I come up with. We already have a 2 page concise investor letter prepared. In terms of someone stealing our idea, I have given lots of thought to that. I didn't post out exact location on here...
  9. D

    New to the Industry.....Investor Question

    I am hoping to get some really good leads on how to go about getting investors. Let me give a little background about where we are at in the process. My brother and I have spent well over 2 years planning, preparing, researching, and putting together our business plan to open a car wash. We...
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