In February of 2023, Clean Machine Car Wash was successfully acquired by an undisclosed buyer.
This transaction consisted of three IBA/Self-Service car washes in the Knoxville, TN market.
Market Significance
Car Wash Advisory facilitated the sale of this business + real estate transaction.
Colin May, Managing Director of Car Wash Advisory explains, “Car Wash Advisory is very happy with the outcome of this transaction - we are always pleased when a car wash portfolio such as Clean Machine Magic Car Wash is sold from one successful longtime owner to another younger entrepreneur in the same community to continue growing the business and keep it locally-owned”.
