Self-service car washing is still vibrant and profitable. … The investment threshold to refurbish self-service bays is much lower than other forms of wash facilities. Although in many urban settings, the financial return indicates that stand alone self-service carwashes do not cash-flow for the short term.
How profitable is a self serve car wash?
According to the U.S. Census Bureau, the average monthly revenue generated per bay in a self-serve car wash is nearly $1,500. On average, an in-bay automatic car wash generates $139,000 of revenue per year and provides a net yearly profit of $86,531.
How much does it cost to start a self car wash?
A typical site of one Automatic In Bay Car Wash & 3 Self Serve bays will cost anywhere around the $700,000 mark to build & approximately $400,000-450,000 in equipment costs. The costs above might sound a little confronting to those who have little knowledge of the industry.
Do car washes make money?
The Houston Chronicle, reporting on a survey conducted by Auto Laundry News, a leading car wash industry publication, said that profits can range from $55,000 to $100,000 per year for a self-service car wash to $500,000 to $900,000 for a full-service business.
Is owning a car wash easy?
Compared to other businesses, a car wash is a relatively easy start-up. The inventory is much less demanding for a car wash than it would be for other businesses. We have compiled a list of equipment you would likely need if beginning a car wash from scratch.
Is buying a car wash worth it?
Among the many advantages to owning a car wash, one of the most attractive to new business owners is the amount of profit one can generate. Small-scale, self-service car washes average just over $40,000 per year in profit while larger luxury car washes can net owners more than $500,000 per year.
How much does it cost to wash a car?
How much does a car wash cost? The average cost of a basic vehicle wash is about $10. Tack on the cost of optional services such as an undercarriage wash, wheel cleaning, clear coat, and wax (at a rate of about $2–$5 per add-on), and it’s safe to say you could easily pay around $20–$25 per wash.
How do you value a car wash business?
Other Methods For Valuing A Car Wash For Sale
For automatic bay roll over and conveyor washes, the water used should be the same per wash. So look at the total water used, divided by the amount of water used per wash, and then multiply by average price to estimate revenues.
Can too many car washes be bad?
Can Too Many Car Washes Damage Your Car? … While washing your car improperly can damage it, washing it as often as you’d like won’t hurt your vehicle, even if you do it every week. Keep in mind, however, that if you wax your car you may need to reapply that wax after each wash depending on how well it holds up.
What type of car wash is most profitable?
Full-service involves more time and money than the others, but will offer you a higher return in profits. Full-service washes are more ideal for higher-end neighborhoods due to the higher cost. Exterior-conveyor car washes offer the second highest income and will require maintenance for the machinery.
Are car washes bad for your car?
Is an automatic car wash safe for my car? Naturally, the reason for getting your car washed in the first place is to remove dirt, debris, and other contaminants that can harm your vehicle. If left untreated, those contaminants can cause corrosion to the metal (rust) and damage to your paint.