Why The Car Wash Industry Is Becoming Increasingly Attractive To Investors

Up until about three years ago, the car wash industry wasn't particularly appealing to investors. Private equity firms owned approximately 1% of the nation's 65,000 total car washes and 2% of the nation's roughly 17,000 conveyor-style car washes as of June 2019, according to data from one of the industry's specialized brokerages, New York-based Car Wash Advisory LLC. In the next five years, some industry advisers expect that to change. “We’re nearing the basket tipping point, but there is still a ton of runway to go,” BlackArch Partners LP managing director John Conklin said. “If I think about car wash