Mr. Magic Car Wash
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Mr. Magic Car Wash - overview
Established
1959
Location
Pittsburgh, PA, US
Primary Industry
Consumer Services
About
Founded in 1959, and based in Pennsylvania, US, Mr. Magic Car Wash and operates a chain of car wash sites that offer services with membership wash clubs, digital pass prepaid washes, and detailing services. In September 2021, Incline Equity Partners formed Mr. Magic Car Wash, partnering them with other local family-owned car washes Jerry’s Car Wash, Clean Car Express, and Bethel Park Rapid Wash.
As of 2022, the company is headed by CEO Hank Richard Mr. Magic Car Wash is a regional express tunnel car wash platform operating 12 locations in the greater Pittsburgh area. The company has various wash packages and also offers an Unlimited Club that allows customers to wash their car as often as they choose. Certain washes include tire shine, simonize ceramic sealant, hot wax and shine, and clear coat protection.
With the formation, Mr. Magic Car Wash aims to improve customer service, expand its unlimited membership program options, and improve add-on services across all of its sites. In addition, it plans to partner with other operators and develop new sties in Pennsylvania, Ohio, and West Virginia.
Current Investors
Incline Equity Partners
Primary Industry
Consumer Services
Sub Industries
Consumer Services
Website
www.mrmagiccarwash.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Mr. Magic 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Mr. Magic Car Wash | - |
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