An Ideal Property will have the following ingredients for success.
Trade Area / People Population: * Number of households -- 6,000 or more * Average income per household -- $40,000 or more
Automobiles * Number of cars per household -- 1.5 or more * Average age of car. -- 3 years or younger * Type of auto (intermediate and larger) --at least 40% of total.
Traffic Flow by Site - Daily Traffic * Minimum traffic flow should be based on type of car wash the investor is looking into: * Traffic Signal at the immediate intersection
* Traffic speed past your door less than 40 MPH
* Good Ingress and Egress in and out of the Site
* No traffic Island
* Type (Commuter or Shopper). Minimum of 50% of traffic at peak hour is a minus.
* Local Shopper is the preferred type.
Area Business : * Shopping Centers - Fast Food Establishments Specifics * Proximity and ease of visibility within the center. * Direct street access by consumers is a plus.
* Auto Dealerships and Auto related businesses
Other Car Washes * Number in the trading area. * Type, "Know your Competition" * Wash Quality of their location &Operational Procedures * Preferred properties will be higher quality locations. Economic Forecast for the Area (10 year term). * Future growth is a plus. Multiple Housing, Condos, Malls etc. * Future decline is a minus.
Site Business, Ideal Lot Size Specifics * A running length, minimum of 200' deep x Width minimum of 150'
Lot Shape * Rectangular is a plus.
* Buildings adjacent properties set back at least 20 feet. * Physical obstructions to entry (electrical poles and guy wires, etc.). * Curb cute, minimum width is 30 feet.
