Car Wash for Sale
Car washes are a type of property that falls as a net lease, and they are often considered to be a good investment. Car washes can provide a consistent and reliable stream of income, which is appealing to many investors. Unlike other businesses, car washes have a big advantage compared to normal retail businesses as the internet often doesn’t have an effect on their sales. Why? Car wash customers are commonly people who live or work near the car wash or the people who happen to be driving by the car wash and noticed it was there.
When it comes to customers, car washes tend to have a very loyal customer base and no shortage of customers. Unlike other businesses that heavily rely on marketing, social media presence, and seasonal sales, car washes don’t have to worry about any of that. With over 276 million vehicles registered in the U.S., there’s always going to be a demand for car washes.
Car Wash Market Overview
The global car wash market has seen consistent growth over the past few years and is currently valued at $14.21 billion. The market is expected to grow at a CAGR of 4.8% from 2021 to 2028 due to an increase in the number of vehicles on the road and increasing demand for convenience-based services such as automated car washes and express car wash facilities. The rising demand for quick service stations at fuel stations is also driving the growth of this market segment.
Know Your Options: Three Types of Car Wash Businesses
For someone who is not familiar with the car wash business, it is important to know the types of car washes that exist and which one would be the best option to invest in. There are three types of car wash businesses: full-service, roll-over/in-bay, and self-service.
Full-Service Car Washes
Full-service car washes are the most common type of car wash. They offer customers everything from basic hand washing and vacuuming to waxing and buffing. They also often offer add-ons such as tire shine and undercarriage cleaning. Full-service car washes are usually open during regular business hours and are located near residential areas. It is a type of car wash business where the employees will perform all of the services for the customer.
Roll-over/In-bay
The roll-over, the in-bat or the automatics, is a type of car wash where the customer pulls their vehicle into an automated bay. Once the customer is in the bay, they will stay in their vehicle while the car wash equipment does its work. This type of car wash is often located near gas stations or in high-traffic areas such as downtowns. Unlike full-service, roll-over car washes often don’t have any employees that will assist or perform any services for customers.
Self-Service Car Washes
As the name suggests, self-service car washes are a type of car wash where customers perform all the work themselves. Customers will use hoses, brushes, and other cleaning supplies that are provided by the car wash to clean their vehicles. If the car owner prefers to bring their own cleaning agent and supplies, they are more than welcome to do so. Self-service car washes often have coin-operated vacuum cleaners and other machines that customers can use for an additional fee. These types of car washes are often located near residential areas or in areas with high foot traffic.
Other Things to Consider When Buying a Car Wash
Aside from the specific type of car washes for sale, there are a few other things that potential buyers need to keep in mind before making a purchase. These include the size of the car wash, the location, and the overall cost.
Location of the Car Wash
You might be asking yourself “Where can I find a car wash near me?” Location is integral to the car wash business. Just like any other business, location is key to a car wash’s success. Car washes that are located in high-traffic areas such as near a busy intersection or on a busy street will see more customers than those that are located in residential areas. However, depending on your type of car wash business, residential area locations can also be profitable.
Size of the Car Wash
If you are looking for a car wash for sale, the size of the car wash is another important factor to consider. Car washes come in all different shapes and sizes. Some car washes can accommodate 20 or more vehicles at a time while others can only wash five or six cars. The size of the car wash will be determined by the type of car wash business, the location, and the number of customers that you are expecting to serve.
Cost
You don’t want to invest in something you can’t afford. That is why it is important to know how much you are willing to spend on a car wash before you start your search. The cost of a car wash can range from a few thousand dollars to millions of dollars. The size and location of the car wash will be the two biggest factors that determine the cost.
Why Net Lease World Properties?
Net Lease World is a leading provider of steady stream investments in the United States. We’ve been in the commercial real estate investment industry for years and we know exactly what many investors are looking for: a simple, turn-key investment that provides a great return with minimal hassle.
That’s why we’re proud to offer our clients a variety of net lease properties, including car washes, that fit this description. We have car wash locations in many states across the country, so finding one near you should be a breeze.
When you invest in a net lease property with us, we’ll handle all the paperwork and due diligence for you. Join our Exclusive Buyer’s Portal for free to get started on your search for the perfect investment property today.
