REAL ESTATE INCLUDED
Los Angeles County, CA
$7,500,000
Car Washes For Sale in California
Market Info
Coin Laundry & Coin Car Wash with Property
Car Wash with Property in San Bernardino County
REAL ESTATE INCLUDED
San Bernardino County, CA
$5,200,000
Real EstateShine City Car Wash – Profitable Express Wash in Hemet, CA
Hemet, CA
$3,500,000
Real EstateProfitable car wash with tremendous potential in Napa county
Napa, CA
$5,500,000
Real EstateNewly Built, Top of Line Modern Style Car Wash available for Sale
San Joaquin County, CA
$7,600,000
Buy or Sell a Car Wash in California
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 California 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 |
42 |
|
Median Asking Price |
$1,398,500 |
|
Median Reported Revenue |
$529,397 |
|
Median Reported Earnings |
$265,919 |
|
Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings. |
|
California Car Wash Valuation Multiples
|
Range |
Revenue |
Earnings (SDE) |
|
Lower Quartile |
2.26 |
2.26 |
|
Median |
4.27 |
3.72 |
|
Upper Quartile |
6.40 |
4.19 |
|
Revenue and earnings multiples based on reported revenue, seller's discretionary earnings, and asking price. |
||
For an in-depth analysis of valuation trends and multiples, see our report on Car Wash Business Valuation Multiples & Financial Benchmarks.
FAQs
How much does it cost to buy a car wash in California?
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 $1,398,500.
How much do car wash owners earn?
California car wash owners' earnings vary, but the median reported revenue is $529,397, with owner earnings at $265,919 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 California, car wash revenue multiples range from 2.26 to 6.40, with the median at 4.27. Earnings multiples range from 2.26 to 4.19, with the median at 3.72. Using these values, the average car wash business in California might sell for 4.27 times its annual revenue and 3.72 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.
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