Opinion: Why the car wash industry might be your next lucrative investment opportunity

Skyler White was onto something. Running a car wash is a great business. It isn’t quite perfect — but it’s closer than you’d think.

Like all vices, my interest in car washes started with a gateway drug: vending machines.

As I discovered last year, vending machines can be pretty lucrative cash cows. You can read about how I almost bought a seven-figure vending machine business here.

In my mind, car washes are similar to vending machines, but on a grander scale.

The upfront CAPEX cost and the running costs are reasonably predictable. Sales ultimately come back to location and demand.

Interested to know more, I did some desktop and scuttlebutt research on the Australian car wash industry.

Here’s what I learned.