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.
By Alec Derrig | Associate, Tax The day-to-day management of running a car wash is time-consuming, and owners may need help in studying trends or benchmark reports from the industry. The 2019 Professional Carwashing Industry Report from Professional Carwashing and Detailing Magazine reported comprehensive industry data from car wash owners and managers across the country. …
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By Jeff Brooks, CPA, CGMA | Principal | Car Wash Leader Ongoing staffing, market changes, traffic studies, equipment maintenance, technology upgrades, and customer relationships – these are just some of the many topics top-of-mind for car wash owners. Adding tax planning and preparation to the mix, including navigating the changes brought on by Tax Reform, …
Kicking off a new focus on local entrepreneurs, Chuck & Brittany are joined today by Brian Krusz, co-founder of Sgt. Clean’s Car Wash. Brian and his team grew his company’s revenue by 760% in just four years, while expanding to five locations in Northeastern Ohio. Brian discusses his entrepreneurial spirit began when he was a …
By Kristy Angerstien | Supervisor, Tax When thinking an industry where independent owners and not chains manage 90% of the facilities, do car washes come to mind? It’s a fact – car wash businesses are growing at a rapid pace and have maintained independence throughout. Let’s explore the growth owners are experiencing and how Apple …
