👋Good morning! In this issue of the Car Wash Daily News email newsletter, we take a look at the group of new leadership team members recently appointed at ModWash.

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Jim Utter
Director of Journalism/Editor in Chief
CW Daily News

Today's issue is sponsored by QC Capital — A Premier Private Equity Investment Company.

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🔦TODAY’S SPOTLIGHT🔦

ModWash vastly expands its leadership team with several new hires

TOGETHER WITH QC CAPITAL

🚗 QC Capital Group Wants to Buy Your Car Wash! 🚗

Are you a car wash owner or operator looking to sell? QC Capital Group, a leading private equity company, is expanding our portfolio with high-quality car wash sites. Let’s discuss how we can create a seamless and mutually beneficial transaction!

What We’re Looking For:

• Deal Size: $2M–$10M for individual sites; $70M–$90M for portfolios

• Built: 2015 or newer

• Traffic: 25k+ AADT

• Population: 20k+ (3-mile radius) | 50k+ (5-mile radius)

• Revenue: $1M+ annually

Ideal Locations:

• Near popular retailers like Starbucks, Target, Costco, Chick-fil-A, etc.

• Established express washes or new construction ready at CO

Target States: FL, GA, SC, NC, LA, AL, TX, MD, VA, NJ, PA, NY

📩 Ready to discuss? Contact us at [email protected]

*Please see the advertising disclosure at the bottom of this newsletter.

✂️SHORTCUTS✂️

  Editor’s Picks 👇

• Sonny’s CarWash College announces 2024 award winners: Sonny’s CarWash College, an educational learning resource for car wash operators, recently announced its 2024 instructor, tech specialist and rookie of the year award winners. Tyler Davidson was presented the Shawn R. Brown Award for Instructional Excellence. Brown was a former CarWash College instructor whose life was tragically cut short. Ben Martin was named Rookie of the Year and Jorge Jaramillo was named inaugural winner of the Sonny Fazio Award for Technical Expertise; an award created to reward tech support agents for excellent customer service.

  Express Hits  🎯 

• Progressive Real Estate Partners announced last week the $5.2 million sale of a Mobil gas station, convenience store and express car wash in Colton, California. The seller is an Inland Empire-based private party who owned the property for over 30 years and the buyer plans to renovate the convenience store and make other changes to improve the customer experience. The purchase includes the business and the real estate.

• Less than two weeks after a man was found dead from a gunshot wound in the bay of a Marietta, Georgia, car wash, police have made an arrest, the Atlanta Journal Constitution reported. Robert Baker, 70, was taken into custody on Jan. 13 and charged with murder after investigators linked him to the fatal shooting. He is accused of killing Daniel Lanard Richardson Jr., 59, on Dec. 30.

• An attorney representing Washville Car Wash, based in Long Island City, N.Y., formally requested the Woburn (Mass.) City Council for permission to withdraw the company’s special permit application for a new location in the city. Washville has not given up on a Woburn location but withdrew its application based on resident opposition to the current 1.5-acre site which was to house a new three-lane express car wash.

• Richmond, Va.-based Car Pool Car Wash, which has five locations, was recently purchased by two longtime employees. Mark Harrison, the company’s chief financial officer, and Tyree Brown, the chief operating officer, are now equal co-owners of the company. The company was founded in 1977.

  👉 More updates here.

  Making Waves Around the World  🌊 

• Mini showroom to be replaced by car wash in Poole: Mini’s car sales showroom in Poole, a town in Dorset, England, is set to be demolished under new plans by a dealership. Marshall Motor Group has launched a bid to remove the dealership building in Wallisdown Road and replace it with a car wash. Meanwhile, Mini will move into the BMW dealership next door. German giant BMW bought Mini in 1996 from the Rover Group, but the cars are still made in the UK at BMW’s Oxford plant. Marshall Motor Group’s plans for a new car wash and valet service would be placed at the back of the site. Read more here.

  What’s Coming Up  📅

• AHR Expo: More than 1,800 HVACR exhibitors are expected at the AHR Expo Feb. 10-12, 2025, at the Orange County Convention Center in Orlando, Florida. More info here.

• Southwest Car Wash Association: The organization will hold its annual convention and expo Feb. 26-28, 2025, at the Fort Worth (Texas) Convention Center. More info here.

• Convenience U CARWACS Show 2025: The Convenience U CARWACS Show – Canada’s largest convenience, gas and car wash industry event – is set for March 4-5, 2025, at the International Centre Hall 5 in Mississauga, Ontario. More info here.  

• APEC 2025: The leading conference in North America for power electronic professionals will take place March 16-20, 2025, at the Georgia World Congress Center in Atlanta, Georgia. More info here.

• Heartland Carwash Association 2025: The organization’s annual product and equipment show will take place March 24-26, 2025, at the Mid America Center in Council Bluffs, Iowa. More info here.

• ICA Car Wash Show 2025: The ultimate gathering for car wash pros returns to the Las Vegas (Nevada) Convention Center April 26-28, 2025. More info here.

• Car Wash Show Europe 2025: The leading car wash trade fair in Europe takes place Sept. 24-25, 2025, at EXPO Greater Amsterdam in the Netherlands. More info here.

❓DID YOU KNOW❓

Disclaimer: The authors of cwdailynews.com, LLC are not financial or tax professionals. This email is for educational purposes only and should not be considered financial advice. We strongly recommend conducting your own research and consulting with qualified professionals before making any decisions. Our content, which may include affiliate links, reflects personal opinions and should not be used as the sole basis for decision-making. We are not responsible for any losses resulting from the use of this information.