Car Wash Feasibility Study – SBA & Lender-Ready Reports for Development Nationwide

A feasibility study is a comprehensive analysis that evaluates the viability of a proposed project from multiple angles (market, financial, technical, and regulatory). It is an essential step for developers and lenders to determine whether a project makes sense before significant investment is made. By identifying potential challenges and confirming the project’s potential early on, a feasibility study helps stakeholders make informed, data-driven decisions and mitigates the risk of costly mistakes.

A typical feasibility study covers several key areas of a project. This scope includes market demand analysis, financial projections, site and technical feasibility, and a review of relevant regulatory or zoning requirements. We ensure that all critical factors are examined so that developers have a complete picture of the project’s viability.

For best results, we recommend conducting a feasibility study early in the development process—ideally before major resources are committed and before seeking financing. Developers typically commission a feasibility study once a project concept is defined but prior to finalizing land acquisition or construction plans. This timing ensures that the study’s insights can guide key decisions, helping to avoid costly changes later in the project.

The timeline for completing a feasibility study depends on the project’s complexity and the depth of analysis required. In general, a comprehensive study may take anywhere from two to four weeks for more complex developments. We work efficiently while maintaining analytical rigor and typically deliver within timelines aligned to our clients’ schedules. For select projects, we also offer expedited delivery—within 3 to 5 business days—for an additional fee. This premium option enables prioritized resource allocation and accelerated turnaround without compromising quality.

Key deliverables typically include:

• A comprehensive feasibility study report, including an executive summary assessing the project's viability.

• In-depth market research findings and analysis tailored to the specific asset type and location.

• Detailed financial projections, including pro forma models (1-Year and 10-Year), discounted cash flow (DCF), internal rate of return (IRR), sensitivity analysis, break-even analysis, and Monte Carlo simulations where applicable—covering operating expenses, revenue forecasts, and expected returns.

• Debt service analysis, including Debt Service Coverage Ratio (DSCR) calculations.

• A risk and opportunity matrix with clear, actionable recommendations for next steps.

All deliverables are professionally formatted to ensure clarity and usability, enabling developers, lenders, and investors to make informed, confident decisions.

A thorough feasibility study evaluates the regulatory and permitting landscape relevant to the project. This includes analysis of applicable zoning ordinances, building codes, and environmental constraints. We ensure the project concept aligns with local regulatory frameworks and identify potential compliance challenges early—minimizing the risk of delays and enabling informed decision-making.

A professional feasibility study can be key to securing financing, providing lenders and investors with an objective assessment of the project’s viability. Banks and funding institutions often review the study’s market analysis and financial projections as part of their due diligence. Our reports are recognized for their thoroughness and credibility, helping to instill confidence in lenders and their underwriting teams—ultimately streamlining the loan approval process.

A feasibility study is well worth the investment, as it can save significant time and money by uncovering issues and validating a project’s potential before major investments are made. The upfront cost of a study is small compared to the potential losses from pursuing an unviable project. For developers and investors, our rigorous feasibility analysis provides peace of mind and a data-driven basis for proceeding, often preventing costly missteps and improving project outcomes.

We employ a rigorous, data-driven methodology for every feasibility study. Our team of experienced analysts conducts detailed market research, financial modeling, and site evaluations using industry-leading data sources and best practices. All feasibility studies are prepared in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP), ensuring conformance to recognized appraisal standards. This proven approach ensures our findings are reliable and objective, and it has earned us a strong reputation for accuracy and credibility in feasibility consulting.

MMCG uses industry-top-tier data from licensed subscriptions to high-quality providers. This includes high-resolution aerial satellite imagery, CoStar and Moody’s CRE databases, detailed demographic profiles, and mobile location‐analysis data to understand consumer behavior. By combining these sources, we deliver precise market insights that drive the rigor of our feasibility study and support robust, data-backed recommendations.

Feasibility studies at MMCG are conducted by skilled analysts under the leadership of Michal Mohelsky, J.D., a practicing affiliate of the Appraisal Institute. To learn more about our team’s experience and credentials, please visit our Experience page.