Industry Analysis & Industry Trends
In the five years to 2017, operators in the Car Wash and Auto Detailing industry have rebounded from recessionary conditions. Rising Canadian per capita disposable income has fuelled demand for discretionary consumer services like car washes; consequently, industry revenue is expected to increase. Despite pressure from rising water, electric and regulatory costs, industry profit margins are estimated to increase marginally. Much of this growth is the result of higher demand, as industry operators faced rising capital costs. Additionally, in the five years to 2022, increasing employment, disposable income and consumer spending will bolster industry revenue... purchase to read more
Industry Report - Starting a New Business Chapter
The Car Wash and Auto Detailing industry has low barriers to entry. Capital requirements are lowest for self-service car wash establishments. A full-service car wash requires the largest capital investment and generates annual revenue between $400,000 and $750,000. Conveyor car washes, or tunnel washes, require the second-highest level of capital investment, with costs ranging from $45,000 to just over $100,000. Self-service car washes require the least capital to begin operations, as these only require access to water, vacuums, soaps and sufficient space for vehicles.
The industry is highly competitive, with an estimated 3,304 car washing establishments in Canada, most of which are small and medium-sized establishments. The.. purchase to read more