This valuation data is a good start, but its old data prior toredactedSingle car washes valuation can start at 4x and go high as 6x for more desirable locations. Valuation is trending up, esp in strategic locations. A shop making $400K can sell for $2M to $3M + its real estate value.

Before venturing into the car wash business, I gained valuable insights from two perspectives: PE firms acquiring car washes and experienced local car wash owners. My journey also involved exploring laundromats, where I encountered potential plumbing issues. These experiences taught me to carefully review infrastructure assessment in car wash valuation. The total value of a car wash's value can range on high or low relative to market competition, location, equipment, and design of the car wash facility. EBITDA multiples for car washes range from 4x to 6x, excluding real estate, with SS, In- Bay, full-service washes receiving the lowest valuation, followed by flex and express models. The average EBITDA multiple for car washes surged from 4x in 2019 to 7x by 2023, reflecting the growing interest and demand for car wash businesses in the market and highlighting the industry's resilience and appeal to investors. However, the true hidden value lies in the car wash strategic location. A full-service car wash in an strategic location can command a higher valuation. Learn about the equipment brands(Not all are equal!), and check if they have perform proper maintenance/conditions of the car wash equipment.