Last month, I had the opportunity to attend The Car Wash Show in Las Vegas. This year’s event had more than 400 exhibitors and more than 9,000 attendees and featured engaging presentations and insightful discussions showcasing the latest industry developments. For those of you in the industry who didn’t have a chance to attend the event, or even those of you who did but couldn’t make it to every session you wanted to attend, I would like to recap some of my key takeaways.
Healthy Growth Blog
As a business owner, you have to make many decisions, including how, and when, it’s time for you to move on from your business. The process of stepping away from your company can be difficult, but proper planning can ensure that you and your business will not only survive the process but thrive for years to come.
Apple Growth Partners (AGP) had the pleasure of hosting a panel discussion at this year’s Car Wash Show in Las Vegas, Nevada. Our conversation sparked a lot of great questions and discussions. Our team believes in the power of Healthy Growth® and one of the best ways we continue to demonstrate that is with our ability to team with owners and leadership groups to tackle head-on the opportunities and challenges facing the business today.
In the wake of the COVID-19 pandemic, automotive dealerships have experienced a significant surge in buy-sell activity, which has fueled many opportunities for dealership owners. While publicly traded dealerships have taken a step back from new acquisitions, privately held counterparts are harnessing the strength of their robust balance sheets to expand their footprint.
As a leader in the car wash industry, you know first-hand how important it is to keep a close eye on your financial records and overall financial health. It’s essential that you have the ability to collect accurate and timely financial information that will allow you to make informed decisions, manage cash flow, and plan for the future.
The word is out: the car wash industry is a lucrative investment, and the market is primed to continue to expand in the near future. Whether through acquisition or new builds, car washes are an excellent purchase for those who know the industry or are looking to diversify.
The rapid growth of the carwash industry has made it a promising investment for those interested in owning a business. The opportunities will continue to grow as the industry expands — the global car wash services market is anticipated to grow when you consider that more than 72% of drivers in the United States regularly use professional car wash services.
Investing in our communities is a core credo at Apple Growth Partners. Last evening, I proudly began my second term as a judge, supporter, and raving fan of Stark Tank, a play on the now-famous “Shark Tank” television show. This event has evolved into a series, garnering statewide attention and admiration among those in educational and innovative circles.
It’s the number which needs no formal introduction, and it’s an elephant in the boardroom of every business in America whether acknowledged or not.
Owning and leading a closely held business can be time-consuming, requiring absolute focus from its owner(s). However, it is essential to take time to reflect on the future of the business and its leaders.