I was the manager of a franchised business that cleaned cars, trucks aircraft, concrete, etc. They would make fun of me and say that God had created dirt in the beginning get the facts. Since then, human beings have built vehicles and structures. God’s earth has been on everything. It was only a matter of putting back the equipment. We’ll talk about the most efficient way to do it, and how you can obtain the equipment.
Equipment costs for power washing can quickly mount. One of the older units that we used was a unit on a wheel with 6 gallons/hour, 180-degree hot water and up to 4000 PSI. The equipment must be industrial grade, and environmental equipment is also required. To purchase all of the equipment with a trailer and vehicle to transport, it could cost as much as $25,000 Additionally, other equipment was required for specific work.
During my career I often found it difficult to get small-business loans or interest rates that were too high. The company required that new franchisees pay the franchise fees and buy a vehicle. Also, they had to secure cash flow for the first few months until they started making a profit. This does not include equipment. Equipment could be leased. The cost of leasing is often more expensive than the amortization schedule. This is due to the fact that interest charges increase over time. Leases do have tax benefits. You can deduct your entire monthly payment. The deduction was straight forward. But there were rules to help you depreciate equipment leased in the past. You can save tax by buying more machinery. More people can also make the equipment.