Car Wash Feasibility Study in the Salt Lake City-Murray, UT Metro Area

Salt Lake City-Murray: car washes in the middle of the list

Car washes rank 11th among the 39 classes in SBA's Salt Lake City-Murray, UT file, and the area is 21st of 458 for the class. In dollars, the Salt Lake City-Murray record comes to $33.0 million on 31 loans between FY2017 and FY2026. Location quotient 1.16x; median loan $591,000, or 0.64x the national median. Salt Lake City-Murray's central loans, the middle half, span $380,500 to $1.4 million.

The mix is split between the two programs: 19 loans are 7(a) and 12 are 504, so real estate financing carries a large share of the record. The franchise share is 0.00%, so every loan belongs to an independent operator. Under 5 loans per Salt Lake City-Murray holder means no lender appears. For a borrower, that suggests owned sites are common here, and a study should state whether the project buys land and building or leases them, since the answer changes both the loan and the appraisal.

One year and the code

Only FY2019 can be shown, with 6 loans worth $8.7 million. Other Salt Lake City-Murray years sit below the line for printing. The industry code takes in car and truck washes, mobile washes included, so the figures are not for tunnel or self-serve washes alone. No cancellation or charge-off rate for Salt Lake City-Murray: its cohort has fewer than 30 loans.

It also helps to read the program counts against the median. A smaller-than-national median loan combined with a large 504 presence suggests sites occupied by their own businesses with real estate in the loan, and a lender will ask whether a project is a land-and-building purchase or a conversion of an existing site. The page cannot answer that, because the data carries no site-type flag, so the plan has to declare the structure of the deal at the outset and show the cost of each component.

Wash economics a Salt Lake City-Murray study must show

Volume is the first test: cars per day against the equipment installed, the price per wash and any membership revenue, set beside the cost of land, building, and the water and utility needs of the site. After that comes resilience, meaning payments still covered in a slow opening season or once a competitor appears. A car wash appraisal rests on income, so each volume and price input needs a source. With a median near $591,000, a lender will compare the size of the request with the type of wash proposed, and the study should name that type.