fbpx

Backed by private equity, car wash operators scour Philadelphia market for locations

Scott Caplan turned his sights on the car wash business six years ago, raising a total of $11 millionin two investment rounds that has helped fund the rapid expansion of EverWash with 800 locations across 49 states. 

EverWash is growing a network of car washes that provide unlimited washes at locations within the company’s system for a monthly membership fee. Caplan envisions adding 30 new car washes a month in what is a highly fragmented industry owned by mostly mom-and-pop operators. Caplan’s goal is to control 5,000 car washes as quickly as possible. 

“When I was looking to get into the car wash space it was to get in on the real estate side,” he said. “I wanted to buy and own a bunch of car washes and create a membership. I come from a brick-and-mortar world.”

The car wash business has turned into a race for the best real estate with multiple companies working to secure prime locations throughout Philadelphia and other metropolitan areas across the country. Retail brokers started to see an uptick in inquires about zoning and available sites about two years ago with it picking up in recent months. 

*Article courtesy of Philadelphia Business Journal

For more information about New Jersey or Philadelphia health care space, industrial space, retail space, office space, land or other New Jersey and Philadelphia commercial properties, please call 856-857-6300 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a leading New Jersey and Philadelphia commercial real estate broker that specializes in both New Jersey and Philadelphia cannabis, healthcare space, office space, retail space, land and New Jersey and Philadelphia industrial space.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier New Jersey and Philadelphia commercial real estate brokerage firm that provides a full range of New Jersey and Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other New Jersey and Philadelphia commercial properties for buyers, tenants, investors, and sellers.

A New Jersey and Philadelphia commercial real estate broker with expertise in New Jersey and Philadelphia commercial real estate listings, Wolf Commercial Real Estate provides unparalleled expertise in matching companies and individuals seeking new New Jersey and Philadelphia office space, New Jersey and Philadelphia retail space, or New Jersey and Philadelphia industrial space with the New Jersey and Philadelphia commercial properties that best meets their needs.

As experts in both Philadelphia and New Jersey commercial real estate listings and services, the team at our commercial real estate brokerage firm provides ongoing detailed information about Philadelphia and New Jersey commercial properties to our clients and prospects to help them achieve their real estate goals.  

Please visit our websites for a full listing of South Jersey, Philadelphia, and New Jersey commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Share

Share

Share