Hand Car Wash - Cheltenham

Hand Car Wash - Cheltenham — Automotive · Cheltenham, Melbourne · Asking $450,000 · Revenue $806,000

Hand car wash in Cheltenham Trades 7 days a week Same owner for 3 years Long lease with a 5-year term plus 5-year option Described as highly profitable

DealProspect/Listings/Automotive

Hand Car Wash - Cheltenham

Car Wash

ActiveAutomotiveVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$450,000

Disclosed · AUD

Revenue

$806,000

TTM

Earnings (est.)

Implied multiple (assumed)

Brief

Hand car wash in Cheltenham
Trades 7 days a week
Same owner for 3 years
Long lease with a 5-year term plus 5-year option
Described as highly profitable

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How it compares

Car washes in Victoria · asking prices

In line with bigger car washes here

Bigger car washes here ask a median 0.54× revenue. On its $806,000 revenue, that points to about $439,000; reads like this are typically within 30%, so $307,000 to $571,000. It asks $450,000, inside that range.

Asking price: $450,00080% above the median of $249,950
Revenue: $806,000median is $520,000
Revenue multiple: 0.56×0.49× across the market; 0.54× for bigger ones, 0.45× for smaller
Time listed: 118 daysno price change

Car washes in Victoria

Car washes for sale in Victoria (17) →

Listed

+2 in 30 days

Median asking

$250K

16 priced

Median revenue

$520K

15 disclose

Earnings multiple

2×

44 listings

Asking price spread16 of 17 state a price

This listing · $450K

44%

31%

13%

Under $100K$1M–$2.5M

Australia 20

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