How to Buy a Car Wash Franchise
- Determine How You Will Finance Your Business Decide how you are going to pay for a franchise. ...
- Learn the Necessary Skills Make sure you have the skills you need to run a car wash. ...
- Evaluate Car Wash Franchise Opportunities ...
- Investigate Carefully ...
- Review the Disclosure Information ...
- Talk to Current and Former Franchise Owners ...
- Apply for a Car Wash Franchise ...
- Prepare to Sign ...
Full Answer
How to apply for a car wash franchise?
What proof is required for a franchisee to make public earnings claims?
Is it good to buy a franchise?
About this website
Does owning a car wash make money?
Pro: Car Washes Can Be Profitable 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 do I invest in a car wash?
How to Buy a Car Wash BusinessConduct a Feasibility Study. Before you even begin to look for a location to buy, think about the feasibility of owning a car wash. ... Prepare a Business Plan. ... Careful Site Selection. ... Verify Zoning and Local Regulations. ... Financing and Investment Considerations.
How do I start investing in a franchise?
How to buy a franchise, step by stepBe sure about your reasoning. ... Research which franchises you may want to own. ... Begin the application process. ... Set up your “discovery day” meeting. ... Apply for financing. ... Review and return your franchise paperwork very carefully. ... Buy or rent a location. ... Get training and support.
How much do you need to open a car wash?
Estimated start-up costHand Car Washing: $1000-5000.Self- service car wash: $200,000-500,000.Automatic car wash: $500,000 and more depending on the size of the business.Touchless Washing: $1,000,000+
Is car wash passive income?
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.
Can you buy a franchise with no experience?
Most people don't realize that they can have all of this and more through their own franchise. The best part is that there is no experience or education necessary to owning your own franchise. The only thing that is required is a drive for success.
How do franchise owners get paid?
How do franchise owners get paid? Franchise owners can pay themselves a salary or depending on their business entity, they may be able to take a draw from their accumulated equity.
What franchise is the most profitable to own?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
Are car washes worth the investment?
f you're looking for a business you can easily sell for a profit or as a retirement strategy, a car wash is a good option. Investors love the predictable, recurring revenue that unlimited wash programs provide.
What is the investment for a car wash business?
Car Wash Set up Cost in India There are several factors that determine how much it would cost to set up a car wash. Machinery and equipment investment is going to be the biggest in this business and can cost anywhere between INR 20 – 30 lakhs.
Are self-serve car washes good investments?
When you buy a self-serve car wash you can expect to generate between $1200 $1600 per bay, per month. Average operating expenses for an automatic car wash are around 35% of gross sales. Labor costs are generally low, usually running around 13 percent of gross sales.
What is the profit margin on a car wash?
Profit Margins – Express car washes have significantly high-profit margins when compared to other business models. An NYU report on U.S. margins revealed the average net profit margin is 7.71 percent across different industries.
28 Best Car Wash Franchises in USA for 2022 (UPDATED RANKINGS)
Here is the top 28 best Car Wash Franchises you can start in USA: 1. Super Wash. Investments $468,000; Franchise fee $9,000; Year Brand Started – 1982
How Much Do Car Wash Businesses Make in 2022? (Profit Margin)
Profit Margin of a Car Wash Business in 2022. Like have already been said, a car wash business is a profitable small business venture. If you want to delve into this industry and are looking for what you business can start to earn when operational, here are statistics to guide you.
COST BREAKDOWN FOR CAR WASH “BUILD TO SUIT”
Title: Microsoft Word - CAR WASH BUILD TO SUIT EXPRESS-_2.3M_.doc Author: trevora Created Date: 12/18/2006 8:48:58 AM
Conduct a Feasibility Study
Before you even begin to look for a location to buy, think about the feasibility of owning a car wash. Consider the upfront costs to purchase a car wash, then figure the costs to run and manage the car wash, as well as operation and maintenance costs.
Prepare a Business Plan
No one should consider starting any business without writing a business plan. Your basic industry feasibility data will be incorporated into this plan. Additionally, consider the type of car wash you want to own. While another type may come available on the market, it might not meet your business goals.
Careful Site Selection
Start shopping for a location. Since you are buying an existing car wash, you may not have a lot of options available and it is possible that you had a specific opportunity in mind when you started your feasibility study. Even if you did, see if there are any other sites for sale in your area.
Verify Zoning and Local Regulations
Make sure the site is properly zoned for a car wash and that it meets all city and county regulations. Don't rely on the existing owners' information. Contact your local Small Business Administration office to ensure that the site meets all requirements.
Financing and Investment Considerations
If you don't have enough money to cover the purchase, upgrades and at least one year's worth of expenses, you will need to get an investor or lender to fund the purchase. Most businesses fail because they are under-capitalized. Make sure you have enough to properly conduct marketing, while also meeting all monthly obligations.
How Does a Car Wash Franchise Work?
With a car wash business model, a franchisee purchases the right to use a particular brand name and operate their own business using that brand. Typically, the business opportunities that come with franchising also have a variety of regulations that business owners have to abide by. This will include rules in the areas of:
What is a franchise disclosure document?
The Franchise Disclosure Document is legally required to provide complete information about how the relationship will work between you and the franchisor and what you can expect from the franchise once you start your business. For example, you will know what type of support you can expect and what type of training they offer.
Do business owners own franchises?
Business owners do not have complete ownership or control of their franchise, as they must abide by the franchise rules and pay royalties to the franchisor who owns the overall brand.
Does a franchisor have to say in your location?
Depending on the franchise you end up working with, your franchisor might have some say in your location. Therefore, it can also be helpful to see if the franchise you are interested in working with offers any published recommendations or requirements for locations. Securing the land for your franchise will be an important startup cost, so make sure you make the selection carefully.
How much does it cost to buy a car wash franchise?
Cost of Buying a Car Wash Franchise. The average cost to buy a car wash franchise is around US $40,000 and could go up to US $300,000. A Mobile car wash franchise could cost you in the range of $30,000 to $100,000.
How much does it cost to wash a car in a car wash?
The average cost of getting your car washed in an in-bay car wash is $6.34, which yields an average profit of $4.35 per wash while the average cost of a car washed in a tunnel or conveyor car wash is $15 per vehicle, which adds up to an average annual revenue stream of $686,250 for this type of facility but it needs much more investment compared to self-serve cash wash facility.
What is car wash business?
A facility where car cleaning and other automobiles are washed both exterior and interior in exchange of money is known as car wash business. Car washes can have a single washing bay or multiple, it can be self-serve, hand car wash, Auto wash , or full-service with attendants who wash cars and other vehicles.
How much is the car wash industry worth in 2019?
The total market size in terms of revenue of the Car Wash & Auto Detailing industry is projected to be US $11.8 billion in 2019. The market size of the car wash industry is expected to increase by 2.1% in the year 2019 which shows that the demand for car washing in the US is growing.
How much revenue does a self service car wash make?
According to the U.S. Census Bureau, the average monthly revenue generated per bay in a self-serve car wash is nearly $1,500, while an in-bay automatic car wash generates $139,000 of revenue per year and provides a net yearly profit of approx. $86,561.
How to evaluate a franchise?
Evaluate their business model and operations by carefully reviewing all of the details you are given about the company. If any of the company makes any public earnings claims, the Federal Trade Commission requires it to provide earnings proof in written. This information consists of income statements for various franchisees or audited and documented earning statements of a company as a whole.
Can you make money from car wash?
Considering the data above, you can expect huge profits in car wash and detailing business, if you learn the necessary skills required to manage a car wash franchise.
What does "wash my car" mean?
WASH MY CAR - the mobile car wash franchise is a new concept in Europe and it means washing the car on the spot where it is parked.
What is a ProntoWash franchise?
The ProntoWash USA Master Franchise is the business partner in a specific geography. The primary role of the Master Franchise is to develop the territory by selling franchises and providing support to the franchisees in the territory. He will open the first operation in the territory and may continue to expand.
What is super wash?
Super Wash, Inc. is the nation's central turnkey auto wash association.
What is zero water car wash?
ZeroWater offers a variety of Car Wash services, which clean the exterior and interior of the vehicle without using any water! Your ZeroWater franchise will provide a unique eco-friendly service.
Where is Spot-Not Car Wash located?
The organization, situated in Joplin, Missouri, offers programmed auto washes and in addition a self-benefit framework to handle your most requesting auto cleaning needs.
Can you run a Green Shine car wash from home?
As a Green Shine franchisee, you can select to have your own store or run this business from home by operating a mobile car wash in your protected territory.
How Much is a Car Wash Franchise?
The cost to build a car wash can range anywhere from about $50,000 to $3.5 million. Mobile businesses that require only trucks instead of a dedicated location like an automatic car wash franchise fall on the lower end. Those with large equipment and real estate generally fall in the $2 to $3 million range.
How Profitable is a Car Wash?
And you can bring in money 24/7 if you offer automatic service. For traditional models, you can expect to earn between $1,200 and $1,500 per month for each bay. Depending on the size of the carwash and location , this can lead to profits between about $80,000 and $800,000 each year.
What is nanotek carwash?
Nanotek is an Australian based carwash franchise opportunity that also has locations internationally. Formerly ecowash mobile, the company provides mobile service that’s known for being eco-friendly. The website does not provide fees or financial information about franchises. But you can reach out to the company to inquire.
What is Sonny's car wash?
Sonny’s is a supplier of car washing equipment. But the company also provides resources for those interested in opening car wash businesses. This includes a carwash college, investment guides, signage, and consulting. The car wash startup costs vary depending on the equipment and resources you choose.
How much does it cost to franchise Superior Wash?
The company offers mobile truck washing, which is a fairly steady and recession proof business. The franchise fee is $15,500. And the company also has a working capital requirement of $10,000 to $20,000 when getting started.
How much does a fleet clean franchise cost?
But that can make the income even more stable and recession proof. It also doesn’t require a dedicated location. So the barrier for entry is fairly low. The initial franchise fee ranges from $30,000 to $75,000. But the total initial investment ranges from $158,375 to $321,375.
What is DetailXperts franchise?
DetailXperts is a car and truck detailing franchise with an eco-friendly twist. The company uses steam cleaning to get vehicles sparkling clean without tons of chemicals. They offer detail shops and mobile units. So there are flexible business options for franchisees to consider.
How We Stack Up
Our mature Tommy's Express franchise locations offer competitive sales when compared to top national franchisees. Figures represent annual sales per store in millions.
Why a Tommy's Express Car Wash Franchise?
No perishable items, low labor costs, and top of the line support from groundbreaking through opening and beyond! We have owned and operated some of the busiest car washes in the world.
Our Biggest Fans
"My partner and I wanted to go into business together, and we thought about several different businesses and we chose a car wash business to start. We looked at several different manufacturers of car wash equipment. We settled on Tommy's Express when we visited Holland, MI.
Your journey with Tommy's Express
Future partners begin with the franchise webinar. You get to know us and we get to know you. When you're ready, you'll sign the Franchise Disclosure Document to begin. We'll then host you for a tour of our West Michigan locations and finally, you will sign the franchise agreement.
Capital Requirements
Building and owning a Tommy's Express requires a certain amount of capital. Financing options available for qualified applicants.
Franchise Fees
Associated costs with running a Tommy's Express franchise include a $50,000 initial franchise fee, 4% royalty and 1% towards the national brand fund.
Next steps
If you meet the capital requirements and want to learn more, please complete the form below to start your journey. We'll follow-up by scheduling a phone call to answer some of your questions and learn more about your goals. We look forward to connecting with you!
How much does a car wash cost?
The average price for a simple hand car wash is $5 to $7. For self-service systems, the charge is usually $1 to $2 for a 15-minute use of the washing equipment. Vacuum charges are about the same. The average customer might spend $2 to $4.
How many square feet are needed for a car wash?
Typical car wash lots are at least 5,000 to 10,000 square feet and rent for a minimum of $10,000 to $50,000 per month. To be really successful operating a commercial car wash, you will need to do at least 100 cars per day at an average profit of $10 each per car.
Why is car detailing so expensive?
Detailing is the most expensive because of all the additional services provided.
Can you operate a car detailing business independently?
Some automatic car washes and touchless car washes offer car detailing as an enhanced service. However, it is also possible to operate a car detailing business independently and do all the work by hand. The startup investment for an independent car detailing business is similar to a hand-washing business, except because you will offer more services you will need additional supplies and perhaps helpers. You will need:
Is car washing profitable?
They like to see clean cars and they like working to make cars look clean. A Car Wash can be a rewarding and profitable business that with enough effort and knowledge, anyone can learn how to run one.
Can you start a car wash all by yourself?
You can start all by yourself and then add helpers if you get more cars to wash.
Is this Business Right For You?
Let us share a real-life story about a man who came to America as a refugee from Myanmar. He was a fairly wealthy businessman in Myanmar and became successful selling the delicacy of bird eggs. The government got jealous of his success and literally took his business from him. He left Myanmar with almost nothing.
How to apply for a car wash franchise?
Apply for a car wash franchise by filling out the company’s application and paying the required deposit. Only take this step once you are certain that you are able to handle the car wash and that you will get good value for your money. Each company has a different procedure for processing and screening franchise buyers, so you will need to comply with whatever the franchiser requests. It might require you to provide proof of financial stability and worth, references, a business plan or other types of documentation.
What proof is required for a franchisee to make public earnings claims?
If the company makes any public earnings claims, the Federal Trade Commission requires it to provide written proof. This can consist of income statements for various franchisees, or audited and documented statements of earnings for the company as a whole.
Is it good to buy a franchise?
Buying a franchise is a good way to enter the business as an owner, but it also requires a substantial investment of both time and capital. Be sure you know what you are getting for your investment before you buy.
