Flagstop Car Wash
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Flagstop Car Wash - overview
Established
1981
Location
-, VA, US
Primary Industry
Consumer Services
About
Based in Hopewell, US, and founded in 1981, RVA Wash Holdings Inc. , dba Flagstop Car Wash, operates a chain of car wash facilities. The company was founded by Bob Schrum. In 2016, Jamie Nester, Craig Marable, and Derek Haynes acquired the company.
In January 2022, Garnett Station Partners, along with the company's management, recapitalized Flagstop Car Wash. As of 2022, the company was led by its CEO, Jamie Nester. Flagstop Car Wash is a chain of car wash facilities that provides vehicle wash services through its 24/7 automatic car wash machines and normal conventional locations. For its vehicle wash services, the business also offers membership services.
As of 2023, the company operates around 14 strong-performing units across the Richmond region, and additionally, it runs a mobile application that lets users manage their RVA Wash club membership, purchase and deliver car washes, and purchase gift cards. The company generates revenue by offering its services and car-wash subscription plans, which start at USD 24. 99 per month. Flagstop Car Wash plans to launch two more car wash locations in Richmond, Virginia within 2023.
Current Investors
Garnett Station Partners
Primary Industry
Consumer Services
Sub Industries
Consumer Services, Automobiles, Other Vehicles & Parts
Website
www.flagstopcarwash.com
Verticals
Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
Flagstop Car Wash - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Sudzy Malone Car Wash LLC | - | ||||||||
| Add-on | Completed | Auto Spa LLC | - | ||||||||
| Add-on | Completed | Hogwash Express Car Wash | - | ||||||||
| Recapitalisation | Completed | Flagstop Car Wash | - |
Displaying 1 - 4 of 4
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.