sjb
Active member
Private Equity Wants to Wash Your Car
Buyout firms are buying and bundling small businesses, from car washes and dentist offices to auto-repair shops and dry cleaners.
www.wsj.com
Car Wash Forum
This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!
Private Equity in the Car Wash game…
- Thread starter sjb
- Start date
www.wsj.com
soonermajic
Well-known member
Good article, yes.
Scary article for mom & pops everywhere, YES.
Scary article for mom & pops everywhere, YES.
washnshine
Well-known member
It happened to grocery stores, hardware stores, appliance/electronic stores etc.
Earl Weiss
Well-known member
No, this is a little different. The Chains built supercenters for appliances, Hardware etc. Some Chains are doing this but others are concentrating on buying up the small operators. Also seems to be primarily for EE Tunnels.
washnshine
Well-known member
True- very different scenario in the case of acquisitions, but I think what I was getting at is that end result will be the same, in that there will be a severe decline in mom and pop tunnel operators, as there were with other businesses.
Around me, the larger multiple site operators started opening several locations - like 15-30 sites. Now, those companies are getting bought out by even bigger, multi state companies that are gobbling up those 15 or so sites at once AND building more. These are companies that are at or approaching the 100 site count.
