Over the last six or seven years, more and more of my business contacts have been related to buying or selling a car wash or curing a sick business rather than building a new wash.
Propensity is an inclination or natural tendency to behave in a particular way. For example, propensity to buy would be to say that most men living in Florida prefer to buy Ford trucks as opposed to GMC, Chevy, Dodge, or Toyota.
In 2006, car wash investment planning guides described the business as a sure bet.
Consolidation is a tool to achieve and sustain power in the marketplace and is encouraged by changes in the external environment.
When stock market prices collapsed in 2008, the bear market wiped out half of the savings of many ordinary working people who dabbled in the market to augment their wages.
Nissan’s self-cleaning Leaf vehicle is on the streets. The exterior of the 2015 Leaf boasts the Japanese automaker’s proprietary Ultra-Ever Dry paint treatment which Nissan says repels every type of liquid from rain to eggs.
About 10 years ago, mobile car washer, futurist, and now think-tank blogger Lance Winslow predicted the car wash industry would converge on two types of operations:
Historically, car washing has been a cash business and run mostly by mom and pops owning one or two locations — self-serve, full-serve, or exterior-only.
In a recent article in CSPnet.com, Eric Wulf, CEO of the International Carwash Association, reported on some car wash industry trends.
The U.S. car wash industry is fragmented and mature and should progress through some form of consolidation life cycle.
Barriers to market entry are obstacles that restrict the ability of a new car wash to enter and begin operating in a given area. These obstacles may involve making large investments in capital equipment or overcoming strong...
Entrepreneurs are a lot like baseball players — they would rather hit a home run than a single or double. Similarly, investors tend to build big car washes rather than small ones.
I came across an article written by an equipment manufacturer that discussed what traffic count is needed to assure a profitable location. To paraphrase: Enough cars are needed to pass by every day so even if only a tiny...
A broad view of environmental responsibility is that a good business can simultaneously make a profit and steward the environment.
It’s taken roughly 10 years for Lotus-Effect paint to go from laboratory scale and proof-of-concept to future commercialization with Nissan introducing its prototype “Leaf” model with self-cleaning paint.
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