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DealProspect/Listings/Automotive

Hand Car Wash, Melbourne

Car Wash

ActiveAutomotiveVictoriaB2C
Asking price
$1,300,000
Disclosed · AUD
Revenue
$1,950,000
TTM
Earnings (est.)
~$579,266
Estimated · comparable listings of this type and size · typically within ±25%
Implied multiple (assumed)
~2.2×
Assumed · asking ÷ estimated earnings (as advertised)

Brief

A popular hand car wash in Melbourne, open seven days and currently under management, with rent inclusive of outgoings and plenty of customer parking. Described by the broker as a strong, improving performer.

How it compares

Car washes in Victoria · asking prices
In line with car washes here

Car washes here ask a median 0.56× revenue. On its $1,950,000 revenue, that points to about $1,090,000; reads like this are typically within 30%, so $763,000 to $1,420,000. It asks $1,300,000, inside that range.

Asking price
$1,300,0005.2 times the median of $250,000
Revenue
$1,950,000biggest of 19
Revenue multiple
0.67×0.56× across the market; higher than 12 of 19
Time listed
0 daysrecently listed
Listed
21
+3 in 30 days
Median asking
$250K
21 priced
Median revenue
$416K
19 disclose
Earnings multiple
2×
47 listings
Asking price spread21 of 21 state a price
This listing · $1.3M
43%
33%
14%
Under $100K$1M–$2.5M

Australia 24

Restaurants 1025 · Takeaways 943 · Cafes 901 · Liquor stores 149 · Convenience stores 142 · General retail businesses 127