See CWA's interview with PC&D on private equity and investment groups current and expected future impact on the carwash industry. Here how this sect of investment groups are currently involved and how they are expected to be involved in the future. Visit the article to see our interview with Rich of PC&D on private equity and external investment groups current and expected future impact. Read more...
Perhaps you are an entrepreneur looking to transition into the realm of car washes, or maybe you are considerably familiar with this industry and looking to expand. Regardless of your background, there’s one apparent fact: it’s going to cost you money and you might need some financial assistance for your endeavors, that term being ‘financing’. This write up will give you a wealth Read more...
The carwash market is more active than ever. More active in all ways; transactions of all types, acquisitions, new builds, new entrants, external investments involvement. The carwash industry has been propelled to an unseen level in most all capacities over the past five years, with the past 18 months being particularly and exponentially active. Read more...
Not only these women making a name for themselves in the car wash industry, they are forging a new path for others to learn from and follow – even though that path has sometimes been blocked by an invisible barrier. These 13 women have shattered that glass barrier and come out much stronger on the other side. As decision-makers and leaders at companies involved in supplying products Read more...
The next time you run your vehicle through the local car wash, odds are you may see private equity dollars at work. In the last year, there has been an unprecedented uptick in interest from investors looking to acquire car wash businesses, even as industry-watchers caution about the challenges involved with running these companies effectively. Read more...
On Monday June 28, 2021 Mister Car Wash launched publicly at $18.90 per share despite the original initial public offering starting at $15.00 per share. Subsequently, prices have continuously climbed as high as $21.98 now valuating the company at $5.6B – talk about growth. Let's dive into a quick synopsis of the go-public transaction and what this means for the carwash industry Read more...
CWA Capital Partners is thrilled to have successfully advised in the sale of Fast Eddies Express Car Wash. Now previous owners - Ed and Jen Goff, after 5 years of effectively maintaining two express washes will continue in new interests. With M&A market multiples at an all-time high CWA Capital Partners will continue to prioritize the advisement of M&A transactions Read more...
With all this "new" and "big" money coming into the car wash space in recent times, it's about time we break down what this all actually means. What is all this external investment money doing here? Why are are they here? And most importantly, what does this mean for you as a current or future car wash owner and / or operator. Read more...
Are you considering building a car wash and looking to understand exactly how much it costs? If so, you are in the right place. This short but definitive guide will quickly walk through how much money it costs to build and construct a carwash. Some of the costs associated with building a car wash are highly variable, such as land costs. However, many are highly predictable Read more...
Are there ways to increase your car washes' valuation before selling? Discussion of how car wash valuations can be maximized for highest value and price prior to sale and when thinking of selling. See the article page to see our interview with Rich of PC&D on Maximizing a Car Wash's Valuation. Are there ways to increase your car washes' Read more...
External capital and institutional investors continue to pour into the carwash industry. Large investor involvement is at all time highs even with the evergreen car wash developments being done in record numbers nationwide. Recent monumental external investor and acquiror related transactions warrant a revisiting of the largest players involved Read more...
Acquisitions continued its acceleration path as the relative attractiveness of the car wash industry to outside capital sources and current operators alike was nothing but heightened throughout this year of economic and geopolitical uncertainty. Visually see and dive into the M&A activity of the largest and top car wash companies throughout 2020 and the last three years. Read more...
Nearly all car washes stand to benefit from the launch and proper implementation of some form of membership, loyalty, or unlimited program. The key word here is 'proper'. Truth is, like most things, if done incorrectly, memberships programs don’t work. Either way, it's very important to understand the impact a membership program has on valuations. Read more...
The most frequented question from carwash owners considering selling their washes is what information should be shared with the buyer (or buyers). The underlying concern that is the root to this question is well warranted, but this is arguably the wrong question to be asking. The key to protecting everything you have built is not so much what information you share. Read more...
With these transaction types being more common than ever before in the car wash industry, it's important to understand what selling only the real estate actually does from the perspective of a carwash owner. Learn everything there is about these transactions and why and when car wash owners and operators do and should consider selling just the real estate. Read more...
Car Wash financing is simpler to obtain and more readily available than one may think. Despite Car Washes being true specialty businesses, there is always financiers and lenders spanning the spectrum of financing solutions ready and looking to provide capital for your carwash needs. This definitive guide explains all you want to know about the world of financing a car wash Read more...
If you're looking to quickly understand valuation levels and multiples of car washes, this quick definitive guide is for you. Understand the relative multiples of different car wash types and for different operating levels and volumes. Whether flex-serve, full-service, self-serve, express exterior, or in-bay automatic - understand the revenue multiples that these washes transact for Read more...
We continue to receive an alarming quantity of inquiries and messages about the availability of financing today (during COVID). We felt it important to put something out immediately. This short and informal piece covers this topic for those that are looking for information on financing of car washes right now. The short answer is that financing is just as available now as ever before. Read more...
Are you considering selling your car wash and unsure of where to start? Or maybe you've already started the process and your not confident you took the best approach. Regardless of what stage of selling your currently at, whether just contemplating or a month in and stagnant, this piece is worth a read. Let's layout the options and the pros and cons of each. Read more...
You’re thinking of selling your car wash, you’ve spent time exploring the different options, and you’re now considering the broker approach. Although you may be feeling a momentary win in the way of decisiveness and completion, there is still another decision fork ahead; what broker to go with. There are actually two main choices a seller must make when deciding on a broker Read more...
With all this "new" and "big" money coming into the car wash space in recent times, it's about time we break down what this all actually means. What is all this external investment money doing here? Why are are they here? And most importantly, what does this mean for you as a current or future car wash owner and / or operator. Private-equity-backed carwashes only account for Read more...
If you’re an investor currently thinking of buying car wash real estate as a source of passive income, this piece is specifically written to do a deep dive on exactly this. Whether you are soon to be coming into capital for which you would like to utilize a 1031 exchange for, or whether it’s just been too long that you’ve had idle capital earning abysmal rates in money markets Read more...
Let’s imagine you own a car wash that currently does $1MM in EBITDA. You have it in your head that you want $10MM for the wash. Let’s assume you were approached by three different buyers, each with their own offer...This is a continuation in our series exploring rollover equity acquisition deals in the car wash industry. Here in Part II we will be diving into what these types of deals Read more...
Terminology should never keep anyone from taking action or learning. It’s an unfortunate truth that most industries have an internal vernacular that can often be confusing and overwhelming. The car wash industry is no exception. To make matters more convoluted, many of the terms are not mutually exclusive and therefore often overlap with each other. Read more...
Should I only buy a car wash if the real estate is included? How much more or less should I pay for a car wash depending on whether the dirt is owned and included? How is owning a car wash without real estate going to impact me as the new owner, both now and later on down the road? These questions are asked quite often. Let's dive in and get to the answers. Read more...
Is it even worth getting involved as a first time owner, given all the “big” money coming in? Doesn’t private equity already own the whole industry? Who are these people calling me every day asking me if I will sell my wash? These are questions I get asked all the time when speaking to current and prospective wash owners. Private equity’s presence in the market is an important topic Read more...
Take a glimpse into the history of the largest car wash operating company in the world. With over 900 locations in 14 countries and with a roster of various historical financial sponsors and owners. Private equity doesn’t always “work”. Private equitys’ involvement in the car wash sector is no exception. Private equity doesn’t always “work”. Hopefully this comes as no surprise. Read more...
With the increase of private equity and external investment activity in the car wash sector, the topic of equity rollovers as a component of deal structures needs to be addressed. This article will explore what an equity rollover is, motivations behind it, and the true implications of this deal structure as it relates to sellers. What Is An Equity Rollover? Read more...
