Automotive & Boat
Lucrative Car Wash Business with Real Estate in Hickory
Hickory, North Carolina (NC)
$2,750,000
Asking Price
N/A
Cash Flow
N/A
Gross Revenue
N/A
Inventory
N/A
EBITDA
ScoutSights powered by real SMB data
3.2x
Sales multiple
24%
Profit margin
$48K
Debt service per year
31%
Cash-on-cash return
This business includes 3 profitable locations in Hickory, NC, offering full service and express tunnel washes with various packages and add-on options to cater to different vehicle and customer needs. With revenues showing nearly 50% growth in Q1 2025 compared to the previous year, there is potential for further expansion through added concessions and high-end car detailing services. The enterprise also provides Unlimited Wash Plans for unlimited monthly car washes, along with opportunities for utilizing vacant buildings for concessions or rentals.
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