How to Buy a Car Wash: Your Investment
Car washes are a hot topic in investment circles, and for good reason. The ROI is high. The car wash industry is booming. Consumer demand is increasing.
The global car wash services market size was valued at USD 29.3 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 3.1% from 2022 to 2030.
If you’re looking for the best car wash opportunity to invest in, you’ve come to the right place. Our franchise opportunity, Tommy’s Express Car Wash is ranked the #1 smartest-growing brand from Franchise Times in 2023.
With over 50 years in the car wash industry, Tommy Car Wash Systems leads the way with the best stainless-steel equipment, innovative car wash systems, detergents, technology, and support. The complete package offers a technologically advanced car wash leagues ahead of what the competition is doing.
How much does it cost to buy a car wash?
So what does it take to own a Tommy’s Express Car Wash? The first question most investors want to know about is the capital needed to start a car wash.
With our franchise opportunity, there are multiple ways to own a car wash. There are full ownership and lease options. To start out, building and owning a Tommy’s Express requires a certain amount of carwash starting capital.
- For full ownership, we require liquid capital of USD$1.5M and net worth of USD$2M.
- For lease options, we require liquid capital of USD$1M and net worth of USD$1.5M.
- Financing options are available for qualified applicants.
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 to owning a car wash franchise
If you meet the capital requirements and want to learn more, complete this contact form to start your journey.
Our franchise team will 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!
Interested in learning what comes next? Read more on our blog about the top five factors to a successful car wash franchise opening.