| Re: Need excellent advice! Maybe a mentor?
A buddy of mine actually applied for an SBA loan and got about 650.000 to get himself started. I know that will not purchase an already established self/serve wash but it is a start. He purchased a small building for around 150K, had 2 bays built , and then remodled the inside of the building to be used as a garage. He did that himself so I do not know what that cost him.
Take what Lowejackson said to heart. That is where my buddy made a mistake. His placed looked great but he couldn't afford to pay for his home and other items while he built the business. He had to close it down and is in quite the financial whole right now.
I am getting ready to do what you are talking about. I wish you the best of luck. I have saved for close to 2 1/2 years to just be able to buy 2 enclosed trailers and all new equipment. After that, I have about 6 months worth of "bill" money in the bank. Even with that, I am pretty scared.
Good Luck.
STR8LUCKY.
Clearwater Florida |