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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. 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. 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. 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. Let's take a look. 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. Read more...
Car wash valuations in the current environment are interesting to say the least. They are not uniform across the board due to many factors including type, location, operator, etc. Many valuation differences are warranted. However, many are not. In this article we will explore absolute and relative valuation disparities. Coming Soon...
It all boils down to profit in the end. But what's the "correct" way to measure profitability? Although exploring this question and analysis exercise on a per car unit economic basis seems like the logical route, it may not be the correct approach. Let's take a deep dive into profitability by car wash type and get to the bottom of these essential questions Coming soon...