Acquisitions
Though relatively new to the car wash business in the United States, we have been washing cars in 15 countries since 1965. If there is one thing we have learned over this period of time and geographic expanse it is that the car wash business is inherently a local business developed by people with roots in their communities who know their markets and have strong bonds with their customers and employees.
Apart from the synergies we can bring to an existing business of having a larger organization with greater purchasing power is a wealth of knowledge and experience accumulated over years that all started by listening to people whether customers, employees or business partners.
To us, our reputation from doing deals in the United States since August 2015 is everything. We believe in relationship-based acquisitions. We approach each potential deal with a blank sheet of paper and are creative in structuring deals that work for all parties. One of the most valuable assets of our acquisitions is the skills and knowledge of the people in the local company. As such, it is our practice is to offer employment to 100% of the employees in businesses acquired. The employees often enjoy enhanced benefits programs and the opportunities associated with being part of a larger organization.
We look to provide the resources necessary to continue to grow and expand the business. We look to partner with successful car wash operators and are proud that we continue to have ongoing business relationships with many of the owners whose businesses we have acquired.
If you would like to explore any sale opportunity further, please contact Kerry Sewell at 901-870-2673 or by email at kerrysewell@icwg.com. Alternatively, you may contact Matt Nall at 901-834-6221 or by email at mattnall@icwg.com.
Development
Having developed hundreds of car washes in 15 countries, we have a few key criteria we look for in developing our new car wash sites:
- Proximity to retail, rooftops, population density, traffic count, ease of ingress/egress as well as speed of traffic are all important factors.
- Competing washes need to be located no closer than 3 miles to the proposed real estate.
- Depending upon configuration we can work with lot sizes varying from 0.60 of an acre to 1 acre +.
- We have a preference for locations in states we already have a presence in so as to be able to leverage existing operations.
If your proposed real estate meets these criteria and you would like to discuss doing business with us, please email Gary Fritzler at GaryFritzler@imocarwash.com.