ZIPS Car Wash opens 8th Memphis location

Undisclosed was acquired by ZIPS Car Wash on Nov 07, 2022.

Deal Overview
Purchase Date
November 7, 2022
Primary State
Sites Bought
Deal Value
Transaction Synopsis
  • ZIPS will further increase its Memphis presence with a second brand-new location opening later this month on Whitten Road in Cordova. Today’s new store opening marks the growing brands' second development site to open this year.
  • This site is one of two Memphis locations acquired during the development phase, and it’s equipped with some of the latest technologies in car washing and ZIPS complimentary amenities like microfiber towels, surface cleaner and self-serve vacuums for interior detailing
Market Significance
  • ZIPS Car Wash now owns and operates 275 locations across the country under the ZIPS, Rocket Express and Jet Brite car wash brands.
  • ZIPS has achieved a record year of expansion in 2022 with 61 stores acquired over the past 10 months.
Client Impact
Management Commentary