The mundane car wash industry is anything but these days. Consumer demand for car washes is growing strongly, fueled by increased convenience, a greater array of services offered, and a desire by car owners to hold onto their vehicles longer. That has attracted investor interest in the business, particularly from private equity companies that are building branded franchises with more amenities and improved service. That means small, family-owned firms will need to invest in their businesses to stay competitive or sell now while valuations are high—grow or go, in other words.
The team at FOCUS Investment Banking can help you make a decision that’s right for your situation. With over 40 years of experience in the automotive aftermarket, both within the industry and as investment bankers, we understand industry dynamics to help business owners maximize their outcome. We’ve helped dozens of companies achieve their strategic objectives, whether it’s buying, selling, or raising capital. Our clients trust us to deliver positive results.