Turnkey 6-Bay Coin Car Wash – Major Upgrades Completed — SOLD

The Seller’s Objective

The sale of Maddi & Lexis Auto Wash represented a unique full-circle transaction for Capital Business Brokerage.

The sellers originally acquired the car wash through Capital Business Brokerage in 2023. After taking ownership, the father-and-son team invested significant time and resources into improving the property and operation, making numerous upgrades and strengthening the business during their ownership.

They enjoyed operating the car wash, but as their personal circumstances evolved and their children grew older, their priorities began to change. The sellers ultimately decided the time was right to exit the business and redirect their attention toward other opportunities.

When it came time to sell, they returned to Capital Business Brokerage—the same firm that had helped them purchase the business several years earlier.

Their objective was straightforward: properly position what they had improved, obtain maximum value for the business and real estate, and complete the transaction with a qualified buyer who understood the car wash industry.

Preparing and Positioning the Business

Capital Business Brokerage worked directly with the sellers to analyze the business, real estate, financial performance, equipment, improvements, operating history, and overall market opportunity.

Rather than simply placing the business on the market and responding to questions as they arose, the team focused on preparing the opportunity thoroughly before presenting it to buyers.

Capital developed a comprehensive marketing package supported by professional presentation materials, photographs, financial information, property details, and information regarding the improvements completed by the sellers.

The objective was to give qualified buyers a clear understanding of the opportunity from the beginning, reduce unnecessary back-and-forth, and create a more efficient sales process.

The listing generated substantial buyer interest from the marketplace. Capital’s team worked through the inquiries, qualified prospective purchasers, coordinated confidentiality and information requests, and identified buyers with the financial capacity and experience to complete the acquisition.

Multiple offers were ultimately generated.

Selecting the Right Buyer

With multiple interested parties, the sellers had more to evaluate than simply the highest initial offer.

Capital helped them compare the buyers based on financial strength, transaction structure, industry experience, ability to close, and the strategic rationale behind each proposed acquisition.

The buyer ultimately selected already owned a car wash in the surrounding market.

That made Maddi & Lexis more than an individual acquisition—it represented a strategic expansion opportunity.

By acquiring a second location in the area, the buyer could expand his market presence, create operating efficiencies, strengthen local brand recognition, and potentially cross-market customers between the two car washes.

His existing industry experience also gave the sellers confidence that the property would be transferred to an owner who understood the day-to-day realities of operating and developing a car wash.

Managing a Complex Transaction

The original transaction structure contemplated the buyer acquiring Maddi & Lexis using SBA acquisition financing in conjunction with his existing car wash operation.

As the transaction progressed, however, changes and challenges associated with the SBA financing guidelines complicated that strategy and threatened to significantly delay—or potentially derail—the acquisition.

Rather than allowing the financing issue to stop the transaction, Capital Business Brokerage worked with the parties to restructure the deal.

The team helped develop a seller-financing structure that provided the sellers with a meaningful down payment combined with a relatively short repayment period for the remaining balance.

The revised structure accomplished several important objectives:

• It eliminated the need for an extended bank approval and closing process.
• It allowed the buyer to complete a strategically important acquisition.
• It provided the sellers with substantial proceeds at closing.
• It established a relatively short repayment timeline for the seller-financed balance.
• It allowed both parties to maintain the economics and momentum of the transaction despite the financing obstacle.

What could have become a failed or significantly delayed transaction instead became an opportunity to find a more practical structure that worked for both sides.

Rem and Toufic worked throughout the transaction to coordinate the parties, maintain communication, address changing financing requirements, and keep the acquisition moving toward closing.

Protecting the Seller Without Losing Momentum

Once the financing structure changed, maintaining momentum became particularly important.

Capital worked with the sellers, buyer, and professional advisers to make sure the revised terms were properly documented while keeping the transaction focused on an expedited closing.

Rather than restarting the acquisition process after the SBA financing complications, the parties were able to transition into the seller-financed structure and continue moving forward.

The result was an exceptionally efficient closing timeline.

From executed purchase agreement to closing, the transaction took only 39 days!

That 39-day period included restructuring the financing, coordinating documentation, completing the remaining transaction requirements, and preparing both sides for ownership transfer.

The ability to solve the financing problem without sacrificing momentum was one of the defining aspects of the transaction.

The Result

The transaction successfully closed on September 15, 2026.

For the sellers, the closing represented the completion of a successful ownership cycle that had begun with Capital Business Brokerage several years earlier.

They purchased the car wash through Capital in 2023, invested in and improved the operation, and ultimately returned to the firm when they were ready for their next chapter.

The father-and-son team was able to exit the business and redirect their time and capital toward other priorities while transferring the operation to an experienced industry buyer.

For the buyer, the acquisition created a strategic second car wash location within the same market. With two locations in the area, he now has opportunities to expand his customer base, cross-promote the businesses, create operating efficiencies, and continue growing his presence in the local car wash industry.

For Capital Business Brokerage, the transaction demonstrated the importance of more than simply finding a buyer.

It required preparing the business properly, generating competition, identifying the right strategic purchaser, adapting when conventional financing became impractical, structuring an alternative solution, and maintaining momentum through closing.

From helping the sellers acquire Maddi & Lexis in 2023 to helping them successfully exit the business in 2026, Capital Business Brokerage was there for the complete ownership cycle.