Invest in Car Wash Franchise for Speedy Profits
Opportunity India Desk
Sep 13, 2019 -
3 min read
It’s a common sight in India to see a diligent cleaner boy, getting up early with a bucket of water, local detergent and ragged cloth in his hand trying his best to make the cars look clean.
However, emerging technology is allowing people to see the importance of a good car wash. As a result, Indians now preferring car washes to be done in the right manner and last longer.
Car washing business is common concept internationally, in India; the business is still at a nascent stage. With busy schedules and rising disposable income, car owners, today, prefer a professional car wash. India is not far from becoming a booming market for the car wash. The Indian car market is growing 10% annually and is estimated to have the highest number of cars by 2025. Thus, predicting a profitable future for car washing market.
The concept has enticed many entrepreneurs, motivating them to venture into the industry. However, the rapid growth of the car wash industry and the increased competitiveness of smaller car washes are turning more than a few heads.
Every now and then, new entrants are starting new car wash business. So, in order to stay ahead of this competition, the franchise is the perfect option. You can capitalize on the booming market without much hassle as Car wash is a complicated business.
Factors Contributing to the success
With changing preferences and growing income levels, typical middle class or upper-class families prefers to commute via cars. The dependency on cars for daily travel has led to increasing numbers of cars on Indian roads and in turn creating demand for frequent servicing of the cars. Easy availability of car loans coupled with the rising potential for purchasing cars is also one of the prime contributors in the success of car wash businesses in India. Thus, car wash franchising is gaining grounds in India and will provide a lucrative business opportunity for aspiring entrepreneurs.
Clear Profits with Franchising
Car wash franchise offers a profitable business opportunity along with various car wash business models to choose from. Some franchises even offer car detailing services along with car wash, which is also quite in trend nowadays. The various types of car wash models are:
Starting a car wash franchise requires less investment in comparison to starting your own business. The initial investment required for a car wash franchise may start from as low as INR 10 lakhs and can range up to INR 50 Lakhs. More carpet area is required for a car wash franchise which is quite understandable. A minimum of 1000 sq. ft. area ranging up to 5000 sq. ft. is required to start your own car washing business. The return on investment is quite high; it may even reach 100% within the payback period of 1-2 years. There are various Car wash franchises available in India which will fit in your budget such as Exppress Car wash, Carzspa etc.
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