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 be in store for the rest of the year regarding car wash mergers and acquisitions activity. Jeff also shares his two cents on valuations and what factors owners need to be laser-focused on when it comes to maximizing the value of their business in today’s market.
For more about Jeff, a full transcript of the interview, and more, check out the post.
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