Top Car Washes for Sale in Toronto E04, Ontario | Find Businesses 4 Sale (2024)

FAQs

What is the most profitable car wash? ›

A full-service car wash that offers a wide range of services such as detailing, waxing, and polishing is more likely to be profitable than a basic washing and drying service. Customers are willing to pay more for a comprehensive service that will leave their car looking its best.

The Canadian car wash industry is a thriving business sector with ample opportunities for entrepreneurs seeking to capitalize on the growing demand for convenient and professional vehicle cleaning services.

Automatic car wash businesses can be very profitable. The average automatic car wash makes around $100,000 per year. However, some car washes can make much more than that, especially in high-traffic areas. The average automatic car wash in a very high-traffic spot can make around $250,000 per year.

The Global Car Wash Market size is expected to be worth around USD 50.3 Bn by 2032 from USD 34.0 Bn in 2022, growing at a CAGR of 4.1% during the forecast period from 2023 to 2032.

The average profit margin for a car wash is around 35%, meaning that a car wash business earning $100,000 in gross revenue can expect a net profit of around $35,000. However, this can vary depending on the type of car wash, expenses, and other factors. One of the biggest expenses for a car wash business is labor costs.

In-bay automatics generate on average $85,000 per year. A bigger car wash conveyor business (exterior of car only) comes in just shy of $700,000 a year. Full service car wash businesses earn on average between $500,000 and $900,000 as of 2023.

The national average salary for a Car wash is $34,183 in Canada.

According to IBISWorld research completed in September 2023, the car wash and auto detailing business is valued at $1.3bn and is predicted to increase by 2.6% over the next five years. The are 3,523 car wash/auto detailing companies across Canada and they employ 20,409 workers.

On average, for a standard full-service car wash, owners invest between $1,500,000 and $3,000,000 upfront. Costs include anything from car wash equipment (conveyors, drying systems, signage, legal fees, marketing, lighting, etc.).

Poorly planned designs and layouts result in a business location that's difficult or confusing to navigate, making it seem like a maze to get through. An inconvenient layout can also disrupt traffic patterns in the area. A poor car wash design creates frustrated customers that will not likely return.

What is a good ROI on a car wash? ›

Car wash businesses have an average profit margin of 10% to 20% when operated correctly. So, how much money can you make owning a car wash? According to Car Wash Advisory, self-service car washes bring in about $40,000 to $100,000 annually, and large facilities with multiple wash bays can bring in $500,000 or more.

Automatization. The car wash industry is witnessing a transformative wave driven by technological advancements, aligning with the broader trend across various sectors. The shift towards automation is redefining the car wash experience, offering unprecedented convenience, efficiency, and customization.

Self-service facilities provide long-term income

However, it will take some time until the investment yields a profit. But once that's the case, all you have to do is pay the running costs for water, electricity, cleaning supplies, and occasionally maintenance and repairs. Anything beyond that is your passive income.

Owning a car wash franchise offers numerous advantages, from a proven business model to extensive support and a ready customer base. And with the rising demand for quality car wash experiences, it's a venture that's sure to gain a significant ROI when executed properly.

On average, a basic car wash can cost anywhere from $10 to $50, while full-service detailing can range from $100 to $500. Cost depends on the vehicle and specific services requested.

Calculating how profitable your car wash is simple if you have your revenues and your costs. Just subtract costs from revenue. If the number is positive, you're making a profit.