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The Definitive Quick Guide: Created and Written by Car Wash Advisory Team
Seller financing, also known as owner financing, is an alternative method for buyers to purchase real estate or businesses without relying on traditional bank loans.
The Definitive Quick Guide: Created and Written by Car Wash Advisory Team
Private equity doesn’t always “work.” Hopefully, this comes as no surprise. Private equity’s involvement in the car wash sector is no exception. The formula that combines outside money, tenured industry experts, and a fitting and applicable industry is far from infallible.
The first half of 2024 has brought a major and significant slowdown in carwash M&A, along with a stark decrease in the dispersion of acquiring parties. Transaction count is down ~46% and the number of sites sold and acquired is down nearly 40%, both compared to the first half of 2023. By way of most active acquirers, 2024 posted a large increase in deal concentration. Most notably, during the first half of 2023, the most active acquiror by transaction count was El Car Wash, having been the acquiring group in just 11% of the announced transactions. The first half of 2024 had Whistle Express representing a commanding 43% of deals as the acquiring group. In this industry report, we cover all announced M&A transactions in Q2 and provide a candid overview of market trends.
Ready to start the discussion? Whether you are contemplating, considering, or ready to sell - the Car Wash Advisory Team is here and always happy to confidentially connect online or over the phone.
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