👋Good morning! In this issue of the Car Wash Daily News email newsletter, we look into the possible sale of one of the bigger car wash companies in the United States.

👉To give you an idea of what our daily newsletter has to offer, you can access all of its contents - including the long-form version of stories teased on the newsletter - until later this month. After that, as a paid subscriber, you can maintain full access. Otherwise, only short teasers and summaries will be available in the newsletter and on the Website.

We’re excited about offering a new addition to the media landscape to help publicize an underserved industry. I hope you keep reading.

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.

👉 We’d like your input! Have a story idea or would like us to receive your company’s press releases on your latest news? Email us at [email protected].

🔦TODAY’S SPOTLIGHT🔦

Report: Spotless Brands exploring possibility of sale

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 👇

• El Car Wash celebrates its 50th Florida site in style: El Car Wash, Florida’s largest and fastest-growing car wash operator, has a special celebration planned in honor of its surpassing 50 sites in Florida. The company is hosting the event at its first Florida site, off Bird Road in Miami, Fla. The company, founded in 2011 and headquartered in Miami, operates express car washes in Florida and Michigan. The Bird Road Miami site will host a special celebration on Friday, which will include attendance by co-CEOs Justin Landau and Geoffrey Karas, who plan to share remarks on the brand’s success and vision for 2025. Read more here.

   Express Hits  🎯 

• 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.

• A proposal to convert a former Friendly’s restaurant in North Providence, Rhode Island, into a ScrubaDub Car Wash seems to be back on track again now that the appeal filed against it was denied by a Providence/Bristol County Superior Court judge earlier this month. The deferred plans have left the site vacant and dilapidated since it closed in 2019.

• The town of Kimball, Nebraska, will see its first automatic car wash open soon. Patriot Car Wash will have a self-wash side and an automatic side. The self-wash side has been open for a few weeks, but the opening date of automatic side isn’t set as it awaits programming to be completed. Planning for the site began five years ago but was delayed by the COVID-19 pandemic.

• ModWash recently celebrated the grand opening of its second location in area of Mechanicsburg, Pennsylvania. The new site offers a wide range of the latest technology and amenities, such as the “newest fully automated bug prep” for all washes, free vacuums, air tools, automatic mat cleaners, window cleaner, microfiber towels and more.  

  👉 More updates here.

   Making Waves Around the World  🌊 

• Car wash in Scotland allowed to remain open: A car wash in Inverurie, a town in Aberdeenshire, Scotland, which originally opened without planning permission will remain in operation after receiving unanimous approval from Garioch area committee. Owner Ilim Tanyelli converted the former builders yard last year into Elims Car Wash & Valet Centre. 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.