This week on CAR WASH Magazine Live™ - The industry is definitely changing. There is more competition coming, more effort around creating strong local, regional, and larger presences, and eyes on the industry from private equity firms and investors like we’ve really never seen. Most recently, we’ve seen the first pure car wash operation become publicly traded. So, yes. Things are changing, and for reasons we all are pretty familiar with by now, including the stabilization of revenue from monthly recurring revenue through wash clubs.
Today, we’re talking to Jim Davis, founder of the Gigot Center for Entrepreneurial Studies at Notre Dame and current professor of management at Utah State University. Davis has particular experience in entrepreneurship, family and lifestyle businesses, and strategic growth.