Being a low-investment opportunity itself and combined with a cost-effective business model like franchising, the car wash market becomes a lucrative opportunity for entrepreneurs.
The impact of COVID-19 was sudden and immediate. Within days, citizens and businesses across the country had to change their behaviors and models in order to survive. Everyone began to take drastic measures to avoid spread and contamination. Communities were forced to grapple with new norms and uncertainty. For car wash businesses, it was a drastic shift in gears taken over the course of days – not weeks or months, which is how many of our sudden business decisions are made. There was little time for deliberation.
Now, as we have moved on from the initial shock, we can take a look at what effect this pandemic has had on the industries, and on businesses across the country. If we talk about India, it’s a common sight 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 and tidy. However, emerging technology is letting people see the importance of a good car wash. As a result, Indians now preferring car washes to be done in the right manner which lasts longer.
Future of Car Wash in India:
The car washing business is a common concept everywhere and in India; the business is still at a budding stage. With busy schedules and rising disposable income, people, nowadays, prefer a professional car wash. India will soon have a bright future for the car wash industry. India’s car market is projected to grow at a CAGR of around 10% and surpass $ 31.7 billion by 2026, owing to increasing per capita income and rising demand for enhanced traveling comfort. Thus, predicting a profitable future for the car washing market.
The idea has enticed numerous people, motivating them to venture into the business. In any case, the rapid development of the car wash industry and the increased competitiveness of smaller car washes are turning more than a couple of heads. Every now and then, new entrepreneurs are beginning a new car wash business. For staying ahead of this competition, the franchise is the ideal choice. You can capitalize on the thriving business sector without a lot of issues as Car wash is a complicated business.
Factors Contributing to the Success:
With changing preferences and growing pay levels, typical middle-class or upper-class families prefers to commute via cars. The dependency on cars for daily travel has prompted expanding quantities of cars on Indian streets and in turn creating demand for frequent servicing of the cars. The simple accessibility of car loans combined with the rising potential for buying cars is likewise one of the prime contributors to the success of car wash organizations in India. Thus, cars wash franchising is making strides in India and will give a lucrative business opportunity for business visionaries.
Drive Profits with Franchising:
The car wash franchise offers a productive business opportunity alongside different business models to choose from. A few franchises offer car customization and detailing services alongside car wash, which is also quite in trend nowadays. The various types of car wash models are self-service, automatic In-bay, tunnel washers, car wash, and convenience store combination, conveyor car wash, etc.
Starting a car wash franchise requires low investment in comparison to starting your own business. The initial investment needed for a car wash franchise may begin from as low as INR 8 Lakh to reach up to INR 40 Lakhs with at least 1000 sq. ft. area going up to 5000 sq. ft. is needed 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 lots of Car wash franchises available in India which will fit your budget such as Exppress Car wash, Carzspa, etc.