soonermajic
Well-known member
What are you guys seeing, on capture rates now? Im seeing .6
Is that what you guys are seeing?
Is that what you guys are seeing?
Capture rates now
- Thread starter soonermajic
- Start date
soonermajic
Well-known member
Anybody familiar with capture rates in 2024?
soonermajic
Well-known member
Does that seem a lil low to you?
OurTown
Well-known member
If the new EE that was built in our city used a .005 capture rate then they would have estimated about 65 CPD......unless they used it on the road their entrance is on and then it would be only 35 CPD. Not good for a 6 million dollar (I'm guessing) car wash. They must have used .05. 
OurTown
Well-known member
Did that project pencil out?
kentadel
Active member
Just enough to satisfy the lender.
We used the actual numbers from one of our washes with near the same traffic counts to make the decision. That existing wash, in a small rural town, does an average of 40 cars per day thru the automatic bay, with a traffic count of 6600. The self service bays average10 to15 customers each so we capture closer to .01.
We used the actual numbers from one of our washes with near the same traffic counts to make the decision. That existing wash, in a small rural town, does an average of 40 cars per day thru the automatic bay, with a traffic count of 6600. The self service bays average10 to15 customers each so we capture closer to .01.
kentadel
Active member
I should add that the lenders mentioned several times that a loan for a new construction inbay/ self service carwash is difficult for them to figure as there just isn't comparable recent history to use, especially in our area. Having a co-signer helps a young entrepreneur in this case. The capture rate in larger population areas and for express or tunnels is probably a different animal and number.