With Q1 closing out, where is the car wash market today, and is now a good time to sell your car wash? In this episode, Lanese Barnett and Jeff Pavone discuss lingering negative headwinds like bank failures, rising interest rates, and increasing competition, but they also highlight how the car wash industry remains an attractive investment space, and the list of interested buyers continues to grow.    As a matter of fact, there are currently more car wash buyers than there are car wash sellers. And while buyers are taking a more risk-averse approach, they have established their ..read more

Have you considered how a customer experience platform could strengthen your car wash business? Guests Dennis Dreeszen and Adam Trien talk with your host Lanese Barnett about AMP Memberships, a powerful platform specifically designed to support car wash business owners and their customers.   In the episode, Dennis and Adam share how AMP works and how it can benefit car wash owners. AMP offers a highly customizable white label mobile solution that interacts with customers and members on and off site. AMP helps car wash owners know more about your customers, use what you know to have target ..read more

What can car wash owners do today to facilitate their business’s continued growth and success amid changing market conditions? How do the current headwinds impact access to capital? As Paul Sigfusson, this month’s guest on Car Wash M&A, The Podcast, shares with host Lanese Barnett, it is not all bad news for operators looking to grow. In fact, the very conditions that are causing some current market instability are also offering some unique opportunities to car wash owners looking to scale or sell.   Listen in to hear Paul’s thoughts about car wash capital growth options in 2023 and b ..read more

What does the car wash M&A space look like as we head toward the end of 2022? In this episode, we share Amplify Car Wash Advisors Partner Jeff Pavone’s recent interview with Matt DeWolf on CAR WASH The Podcast. Jeff and Matt discuss how the market has changed, what remains the same, and what predictions Jeff has for the future in the car wash industry. Be sure to listen in to hear Jeff’s tips about what car wash owners can do today to succeed in the current industry landscape.   For more from Matt DeWolf and CAR WASH The Podcast, you can subscribe wherever you like to listen, or you c ..read more

For business owners, recognizing that you can’t - and shouldn’t - do it all can be a humbling process. Bringing in other talented people to lead departments within your organization, and intentionally developing your team from the executive level down, positions your company for meaningful growth.  In this episode Lanese talks with Derrick Merchant and Michael Murry of Champion Xpress Car Wash about why they prioritize developing their team as an integral part of their path to scalability and long-term success. Michael and Derrick share about how being humble, hungry, and smart all while ..read more

“It began as a mistake." This is the quote on Andrew Goldberger's iPhone background screen taken from the opening line of a Bukowski novel. In this episode, Lanese and Andrew talk about his journey into the car wash industry where he reveals that, like many entrepreneurs, what started as a well-laid business plan on paper turned out to be incongruent in practice. And, how that’s okay. Recognizing the need to adjust the original plan, pivoting, staying humble, and developing key relationships can turn an endeavor that began with a rocky start into a success story.  The episode al ..read more

Ready to grow your car wash chain and wondering about your financing options? There may be more available than you think. In this episode, guest Bill Koenig, a seasoned investment banker, shares with host Lanese Barnett various financing options to facilitate meaningful growth or fund capital improvements on existing sites, many without going to the local bank and signing another personal guarantee. Bill and Lanese also talk about how firms like Amplify Car Wash Advisors support and advocate on behalf of car wash owners going through a capital advisory process helping ensure the best terms for ..read more

Midway through 2022, the second half of the year looks a little different from the first, for the car wash space and just about every other. While the year began guns blazing, the red-hot car wash market has tempered a bit due to current headwinds like inflation, rising interest rates, and a general decreased consumer spending sentiment. Luckily though, it’s not all bad. Despite these short-term headwinds, Jeff shares his long-term thesis for the car wash industry (spoiler alert, it’s still favorable!). In this episode, Lanese and Jeff discuss where the car wash industry is today and what may ..read more

Are you thinking about ways to strengthen your car wash by addressing customer service issues? Have you been looking for solutions to lower your churn and keep members happy? Check out this episode with Retention Express CEO and founder Bobby Thomson. Bobby shares with Lanese about the service Retention Express offers car wash owners, which focuses on addressing customer concerns through a white label call service that documents and addresses customer concerns. Listen in to hear how this kind of service can help you grow your business and maximize your valuations. For more about Bobby, a full ..read more

Want to know the latest in car wash M&A trends and predictions following the wrap-up of The Car Wash Show in Nashville earlier this month? In this episode, your host Lanese Barnett shares feedback on current mergers and acquisitions activity in the car wash space and what may be in store for valuations looking ahead. Lanese also expands on two exciting announcements made live at the trade show – the launch of Amplify Ventures, a new vertical bringing innovative solutions to the car wash industry, and a surprise donation to a very worthy cause. Lastly, Lanese spends time highlighting a uniq ..read more