Car Wash M&A

2022 Car Wash M&A Wrap-Up with Lanese Barnett

With so many changes in the car wash M&A space this past year, getting advice from industry experts is more important than ever. As we wrap up 2022 and prepare for 2023, we’re taking a look back at some of the vital insights we heard on Car Wash M&A, The Podcast this past year.  
In this episode, your host Lanese Barnett looks back at her conversations with Bill Martin, Chris Jenks, and Derrick Merchant and Michael Murry. Be sure to tune in the last Thursday of each month to hear the latest from Lanese and her guests.  
For a full transcript of the episode and more, check out the post.
Sign up for Car Wash M&A, The Newsletter. | Follow us on social media @AmplifyCarWashAdvisors on LinkedIn or Facebook. | Connect with Lanese on LinkedIn.

The Great Market Reset with Jeff Pavone and Matt DeWolf on CAR WASH The Podcast

What does the car wash M&A space look like as we head toward the end of 2022? In this episode, we share Amplify Car Wash Advisors Partner Jeff Pavone’s recent interview with Matt DeWolf on CAR WASH The Podcast. Jeff and Matt discuss how the market has changed, what remains the same, and what predictions Jeff has for the future in the car wash industry. Be sure to listen in to hear Jeff’s tips about what car wash owners can do today to succeed in the current industry landscape.  
For more from Matt DeWolf and CAR WASH The Podcast, you can subscribe wherever you like to listen, or you can download the CAR WASH Magazine app to keep up with industry news.
For more about Matt DeWolf and Jeff Pavone, a full transcript of the interview, and more, check out the post.
Sign up for Car Wash M&A, The Newsletter. | Follow us on social media @AmplifyCarWashAdvisors on LinkedIn or Facebook. | Connect with Lanese on LinkedIn.

Positioning for Growth by Developing Your Leadership Team

For business owners, recognizing that you can’t - and shouldn’t - do it all can be a humbling process. Bringing in other talented people to lead departments within your organization, and intentionally developing your team from the executive level down, positions your company for meaningful growth. 
In this episode Lanese talks with Derrick Merchant and Michael Murry of Champion Xpress Car Wash about why they prioritize developing their team as an integral part of their path to scalability and long-term success. Michael and Derrick share about how being humble, hungry, and smart all while having fun at work is important to their company culture.
Though building and maintaining a great team isn’t easy, knowing you are investing today in the future success of your company may put some of that hard work into perspective. Listen to this episode for insights on how laying the foundation of your company with a strong team, focus on operations, processes, and company culture positions you for growth and success.  
For more about Derrick and Michael, a full transcript of the interview, and more, check out the post.
Sign up for Car Wash M&A, The Newsletter. | Follow us on social media @AmplifyCarWashAdvisors on LinkedIn or Facebook. | Connect with Lanese on LinkedIn.

Pivoting to Success with Andrew Goldberger, Founder of Trademark Car Wash

“It began as a mistake." This is the quote on Andrew Goldberger's iPhone background screen taken from the opening line of a Bukowski novel. In this episode, Lanese and Andrew talk about his journey into the car wash industry where he reveals that, like many entrepreneurs, what started as a well-laid business plan on paper turned out to be incongruent in practice. And, how that’s okay. Recognizing the need to adjust the original plan, pivoting, staying humble, and developing key relationships can turn an endeavor that began with a rocky start into a success story. 
The episode also highlights the continued opportunities for car wash owners contemplating selling or scaling their business in today’s market. And how for Andrew, partnering with a private equity group made sense for him to transition his business into the next chapter.
For more about Andrew, a full transcript of the interview, and more, check out the post.
Sign up for Car Wash M&A, The Newsletter. | Follow us on social media @AmplifyCarWashAdvisors on LinkedIn or Facebook. | Connect with Lanese on LinkedIn.

Options for Funding Growth With Investment Banker Bill Koenig

Ready to grow your car wash chain and wondering about your financing options? There may be more available than you think. In this episode, guest Bill Koenig, a seasoned investment banker, shares with host Lanese Barnett various financing options to facilitate meaningful growth or fund capital improvements on existing sites, many without going to the local bank and signing another personal guarantee.
Bill and Lanese also talk about how firms like Amplify Car Wash Advisors support and advocate on behalf of car wash owners going through a capital advisory process helping ensure the best terms for the owner to maximize their value. Having professional investment banking representation coupled with running a competitive bid process to create healthy tension among potential financiers and lenders can make a major difference in how favorable the financing terms are for the car wash owner. Listen to this episode to learn more about your options to fund growth, and how to get started.
For more about Bill, a full transcript of the interview, and more, check out the post.
Sign up for Car Wash M&A, The Newsletter. | Follow us on social media @AmplifyCarWashAdvisors on LinkedIn or Facebook. | Connect with Lanese on LinkedIn.

Mid-Year State of the Car Wash M&A Market with Jeff Pavone

Midway through 2022, the second half of the year looks a little different from the first, for the car wash space and just about every other. While the year began guns blazing, the red-hot car wash market has tempered a bit due to current headwinds like inflation, rising interest rates, and a general decreased consumer spending sentiment. Luckily though, it’s not all bad. Despite these short-term headwinds, Jeff shares his long-term thesis for the car wash industry (spoiler alert, it’s still favorable!).
In this episode, Lanese and Jeff discuss where the car wash industry is today and what may be in store for the rest of the year regarding car wash mergers and acquisitions activity. Jeff also shares his two cents on valuations and what factors owners need to be laser-focused on when it comes to maximizing the value of their business in today’s market.
For more about Jeff, a full transcript of the interview, and more, check out the post.
Sign up for Car Wash M&A, The Newsletter. | Follow us on social media @AmplifyCarWashAdvisors on LinkedIn or Facebook. | Connect with Lanese on LinkedIn.

Improving the Customer Experience with Retention Express Founder Bobby Thomson

Are you thinking about ways to strengthen your car wash by addressing customer service issues? Have you been looking for solutions to lower your churn and keep members happy? Check out this episode with Retention Express CEO and founder Bobby Thomson.
Bobby shares with Lanese about the service Retention Express offers car wash owners, which focuses on addressing customer concerns through a white label call service that documents and addresses customer concerns. Listen in to hear how this kind of service can help you grow your business and maximize your valuations.
For more about Bobby, a full transcript of the interview, and more, check out the post.
Sign up for Car Wash M&A, The Newsletter. | Follow us on social media @AmplifyCarWashAdvisors on LinkedIn or Facebook. | Connect with Lanese on LinkedIn.

Recap of The Car Wash Show With Your Host, Lanese Barnett

Want to know the latest in car wash M&A trends and predictions following the wrap-up of The Car Wash Show in Nashville earlier this month? In this episode, your host Lanese Barnett shares feedback on current mergers and acquisitions activity in the car wash space and what may be in store for valuations looking ahead.
Lanese also expands on two exciting announcements made live at the trade show – the launch of Amplify Ventures, a new vertical bringing innovative solutions to the car wash industry, and a surprise donation to a very worthy cause. Lastly, Lanese spends time highlighting a unique aspect of the industry that can often surface at events like these, the communal nature of the car wash industry, and how even a trade show can feel a bit like a family reunion.  
For a full transcript of the episode and more, check out the post. Sign up for Car Wash M&A, The Newsletter | Follow us on social media @AmplifyCarWashAdvisors on LinkedIn or Facebook | Connect with Lanese on LinkedIn

Growing a Successful Car Wash Chain with Industry Veteran Bill Martin

Are you looking for ways to streamline your processes and to improve your relationship with your employees in order to grow your car wash chain? In today’s Car Wash M&A, The Podcast episode, your host Lanese Barnett talks with car wash legend Bill Martin who has been in the business since 1969. Listen in to hear expert advice as Bill shares tried-and-true strategies and attitudes that have helped him succeed in the car wash space.
For more about Bill, a full transcript of the interview, and more, check out the post.Sign up for Car Wash M&A, The Newsletter. | Follow us on social media @AmplifyCarWashAdvisors on LinkedIn or Facebook. | Connect with Lanese on LinkedIn.

How to Protect Your Car Wash During Turbulent Times: Inflation, War, and What it Means for You

Are you wondering about the potential impact of rising inflation and changing global dynamics on your car wash? Learn practical strategies you can deploy now to protect your business in an inflationary environment amidst global uncertainty.  
Listen to Chris Jenks share his perspective on what the latest economic changes mean for car wash owners. Chris and Lanese discuss specific actions you can take today to successfully navigate these challenging times.  For more about Chris, a full transcript of the interview, and more, check out the post.Sign up for Car Wash M&A, The Newsletter. | Follow us on social media @AmplifyCarWashAdvisors on LinkedIn or Facebook. | Connect with Lanese on LinkedIn.