But still, there is another force on top of these at play: local competition and the ability to create local footprints. Carwashes, being the specialty businesses they are, have their own additional level of state-specific factors, including weather and zoning laws. Private-equity-backed carwashes are present in roughly half the states throughout the country.Īlthough state-level attributes, such as tax treatment, minimum wage laws and population density, are certainly influencing factors, that is not the complete story.
SYNERGY CAR WASH UPDATE
This is true whether you want to count all carwashes (as the provided infographic does) or if you only want to count conveyor washes (which roughly triples the market share).Ĭheck out some of the specific current private equity backed car washes in our periodic update on the state of the industry. Private-equity-backed carwashes only account for a low- to mid-single-digit percentage of the carwash population in the U.S. What is all this external investment and new money doing here? How are they going upon doing this? 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. 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.
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