Uncle Sam
Member
The past 3 years in the car wash business has been difficult, both economically and emotionally, for many in the business. This past year has been extremely tough. We are suffering from the “TOO MUCH” syndrome; #1--too much rain (which we can’t do anything about), #2--too much interference from our national politicians and bureaucrats in our private business activities, #3-- too much unemployment (See #2), and too many local government bureaucrats costing operators too much money for obscure reasons. As a consequence there is not enough business to fund the investments many operators would like to do.
We at ShurVend have a large multi-national marketing area that we are serving, so we do get to read or hear about many of the concerns that impact the operator base. Some examples we read or hear: #1--“the banks are not funding anything, #2--the City planners want requirements on the site that are not practical for a wash investment, #3--I am in a “holding“ pattern, #4--I don’t know what to do, #5--I’m just going to wait for awhile, and #6--we are not going to spend any money we don’t absolutely have to.” But there are other operators (not nearly enough) who do go ahead with investments during these tough times to help increase their near term cash flow and to be ready to ride the wave when business does turn to the upside.
Cont'd
We at ShurVend have a large multi-national marketing area that we are serving, so we do get to read or hear about many of the concerns that impact the operator base. Some examples we read or hear: #1--“the banks are not funding anything, #2--the City planners want requirements on the site that are not practical for a wash investment, #3--I am in a “holding“ pattern, #4--I don’t know what to do, #5--I’m just going to wait for awhile, and #6--we are not going to spend any money we don’t absolutely have to.” But there are other operators (not nearly enough) who do go ahead with investments during these tough times to help increase their near term cash flow and to be ready to ride the wave when business does turn to the upside.
Cont'd