Car washes are one of the most popular businesses to purchase thanks to the consistently high demand for their services, and relatively low operating expenses. This highly profitable business does tend to have higher capital expenditures.
Market Overview
We have aggregated and analyzed listings of car wash businesses in Florida to provide some context of the current market. Keep in mind, the financials presented are averages and each business is unique, so careful analysis and evaluation is necessary before making any investment or exit planning decisions.
Number of Businesses Analyzed
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22
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Median Asking Price
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$749,000
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Median Reported Revenue
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$513,850
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Median Reported Earnings
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$120,035
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Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings.
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Florida Car Wash Valuation Multiples
Range
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Revenue
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Earnings (SDE)
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Lower Quartile
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1.87
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3.32
|
Median
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3.00
|
4.17
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Upper Quartile
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4.62
|
6.12
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Revenue and earnings multiples based on reported revenue, seller's discretionary earnings, and asking price.
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For an in-depth analysis of valuation trends and multiples, see our report on Car Wash Business Valuation
FAQs
How much does it cost to buy a car wash in Florida?
The cost of buying a car wash can vary significantly depending on the location, size, and profitability of the business. Based on our most recent analysis of car washes listed for sale, the median asking price is $749,000.
How much do car wash owners earn?
Florida car wash owners' earnings vary, but the median reported revenue is $513,850, with owner earnings at $120,035 annually.
How do I value a car wash business?
Valuing a car wash business involves a multitude of factors, but most buyers and sellers will start by assessing its financial performance and comparing that to its peers in the market. Valuation multiples help compare similar businesses with different revenue and earnings levels.
As of our most recent analysis of asking prices in Florida, car wash revenue multiples range from 1.87 to 4.62, with the median at 3.00. Earnings multiples range from 3.32 to 6.12, with the median at 4.17. Using these values, the average car wash business in Florida might sell for 3 times its annual revenue and 4.2 times its annual owner’s discretionary earnings.
Keep in mind, asking prices tend to be higher than final sale prices, so these multiples tend to skew high. Real estate included in the sale will also drive valuation multiples higher.
More for Business Buyers:
Set Up Alerts and Notifications
Business Buyer Learning Center
BizBuySell Edge
More for Business Sellers:
How to Sell Your Automotive Service Business
Find a Business Broker
List a Business for Sale
Get Local Business Valuation Data