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Wave Wash, Inc.

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Year established

1997

Location

Dallas TX US

Primary Industry

Consumer Services

About

Based in Texas, US, and founded in 1997, Wave wash, Inc operates as a car wash company that offers services in the DFW metroplex. The company was founded by Frank and Karen Meneghetti. In September 2022, SSCW, LLC a portfolio company of TSG consumer partners, acquired Wave wash, Inc. The company operates in eight express conveyor car washes across the Dallas – Fort Worth metroplex. The company offers car wash facilities and offers services using filtered water. It also offers car detailing services. There are four types of exterior services offered by the firm which include Wave wash which offers washing using double pre-soak shampoo and uses high pressure cleaning with the power dry, The works is another offering by the company which offers a washing service with some additional features like tire dressing, rainbow polish, Undercarriage wash with Rust inhibitors. The car wash company also offers a washing package named super works with carnauba and lava which offers all the services present in the last two packages plus clear coat protectant, wheel cleaning with wheel brightener, total body protectant, etc. and similarly another package named ultimate works with ceramic is also offered by the company which offers ceramic protection and finish along with all the other services. Apart from wash services it also offers detail services like hand wax, superclean, seats, carpet, interior disinfectant, etc. It also offers a VIP advantage club which enables its users to get unlimited washes in a month after paying a monthly fee. It generates its revenue by offering various car wash and detailing packages to its customers. The car wash services are offered from USD 7 per wash to USD 21 per wash, whereas the detailing services offered can be around USD 65 to USD 375. The VIP club advantage offered by the firm costs USD 25 per month to USD 55 per month.
Current Investors
TSG Consumer Partners, SSCW, LLC

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Primary Industry
Consumer Services
Sub Industries
Consumer Services
Website
www.wavewash.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only

Deals

Deals Type
Add-on
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)
Completed Wave Wash, Inc. 19 Sep 2022
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