Several Recent Carwash Projects and Business Strategies

Acquisition of a Chain of Washes and Quick Lube Business

IAG recently supported the acquisition of a medium chain of full service carwash and lube properties. The transaction was done very privately as both parties preferred that the information remain confidential. IAG was responsible for sourcing the acquisition, negotiating a final purchase price and performing pre-acquisition due diligence ultimately following the transaction to completion. The transaction involved both fee and leased property adding to its complexity. IAG has preformed many similar types of  transactions in the past 20 years.

Consolidate Through Mergers and Acquisitions with Public Exit Plan

IAG is involved in the strategic growth plans of a client that is diversifying their existing business portfolio by acquiring and operating Full Service and Express Exterior car wash businesses. The clients’ business plan is to acquire multiple sites in their metropolitan trade area and ultimately seek an exit strategy in the public or private equity markets. IAG has acquired several washes for the client and identified other M&A candidates which we are actively pursuing. IAG has also provided consulting services related to management oversight, sales training and operational policies and procedures.

Conversion of a Full Service CW to an Express Exterior Car Wash

IAG represents a client who recently acquired an old full service carwash which had been neglected for the past 10 years. The strategy was to acquire the location, secure permits to remodel and equip then re-introduce the business as a State of the Art Express Exterior Car Wash. A great deal of research was done to insure that the new model would find favor and success within the community. Additionally, that the investment in both acquisition and remodeling would produce a sufficient Return on Investment for the client. IAG helped the client research and secure significant community redevelopment funds and tax benefits through the state, local utilities and others.

Working with a Public Company to Introduce a New Carwash Franchise

IAG was chosen and exclusively hired by a large publicly held company to support its entry into the carwash industry. IAG was involved in predevelopment site location, site layout, equipment selection, menu and pricing matrix, on site training of site managers, training the trainer, and selection of the final wash model.

Exterior Carwash Development

IAG spent 2 years researching the exterior industry, meeting with some of the largest family owned operations, reviewing sites and operating businesses across the United States. IAG now brings this experience to the Western States, especially California. IAG has been involved in the planning, development, construction and operations of its own Express Exterior Carwash model. IAG is in the pre-development stages of a chain of Exterior Carwashes throughout the state of California.