Kings County, NY
$2,200,000
Car Washes For Sale in New York
Market Info
Bklyn Car Wash $1,000,000/YR Nets $250,000/YR Only 400,000 Down
LI Express Car Wash with 5 self-serve Bays Projects $900K/yr Low Rent
Suffolk County, NY
$3,300,000
LI Car Wash + Lube $2.5M/yr Owner Retiring Nets $690,000/yr
Nassau County, NY
$4,000,000
NY Ultra Modern Car Wash Lube $3,400,000/YR 2023
New York
$6,500,000
LI Express Flex North Shore Car Wash $1,150,000/YR + 1 Acre Land Avail
Suffolk County, NY
$3,600,000
Fabulous Car Wash Lube $2M first Year
Kings County, NY
$2,200,000
Full Service Car Wash
Nassau County, NY
$2,500,000
High End Auto Detailing & Hand Wash (#22575)
Dix Hills, NY
$325,000
Real EstateLaserWash TouchFree Car Wash Portfolio – Rochester, NY Metro
Rochester, NY
$3,000,000
Real EstateLI North Shore Car Wash $1,500,000/YR
New York
$3,500,000
Real EstateSelf Serve Car Wash
Depew, NY
$549,000
Real EstateHigh volume car wash with over 4,400 members
New York
$5,500,000
Buy or Sell a Car Wash Business in New York
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 New York 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 |
54 |
|
Median Asking Price |
$2,500,000 |
|
Median Reported Revenue |
$1,489,694 |
|
Median Reported Earnings |
$425,000 |
|
Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings. |
|
New York Car Wash Valuation Multiples
|
Range |
Revenue |
Earnings (SDE) |
|
Lower Quartile |
1.39 |
4.84 |
|
Median |
1.93 |
5.82 |
|
Upper Quartile |
2.41 |
6.52 |
|
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 and Financial Benchmarks.
FAQs
How much does it cost to buy a car wash in New York?
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 $2,500,000.
How much do car wash owners earn?
New York car wash owners' earnings vary, but the median reported revenue is $1,489,694, with owner earnings at $425,000 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 New York, car wash revenue multiples range from 1.39 to 2.41, with the median at 1.93. Earnings multiples range from 4.84 to 6.52, with the median at 5.82. Using these values, the average car wash business in New York might sell for 1.93 times its annual revenue and 5.82 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.
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