The typical return profile of a car wash depends on various factors, including the type of car wash, its location, climate, traffic, operations and even its position in the capital stack. That said, a well-run car wash has the potential to see a full return in two to three years. EquityMultiple recently offered investors preferred equity interest in the ground-up development of express exterior car washes across Florida, Alabama and Georgia, which they have now fully exited. In most cases, the target hold was 36-39 months. All offerings from the sponsor exited with strong return metrics. The equity multiple ranged from 2.0-3.0x, and internal rates of return (IRRs) ranged from 50.9% on the low end to 208.8% on the high end.