Real-estate development company acquires full-service carwash

Real-estate development company acquires full-service carwash

BLUFFTON, S.C. — First Colombia Gold Corp., based in Memphis, Tennessee, is focused on the convenience store and carwash sectors.

BLUFFTON, S.C. — First Colombia Gold Corp. announced it has reached an agreement to purchase a full-serve carwash in Bluffton, according to

The real-estate development company, which is focused on the convenience store and carwash sectors, said that the current appraisal value of the full-service wash is $860,000, stated the article, and is currently doing $500,000 in annual revenue.

“When we launched our master plan to retool this company and bring it back into a profitable enterprise, we really put in place three areas of emphasis,” said Jason Castenir, CEO, in the article. “We wanted to focus on the commercial fuel markets through our terminal locations and grow our fuel resale business; we wanted to have a strong retail presence through convenience-store, truckstop and carwash facilities; and we wanted to develop our quick-serve restaurant business and utilize that brand within the convenience-store locations.”

Castenir explained in the article that the carwash is a “high-quality acquisition and a tremendous business” that the company was able to put into place.

This equates to more than $40,000 per month in revenue for our company with great profit margins already in place,” continued Castenir in the article.

First Columbia Gold Corp., based in Memphis, Tennessee, also plans to acquire 11 c-stores in Alabama, noted the article.

“We are very excited about the revenue possibilities through these acquisitions and fully expect our revenue to increase substantially,” stated Castenir in the article.

You can find the article here.

You May Also Like

Carwash M&A transaction database debuts to the public

MIAMI — This database is encouraged to be used alongside the M&A transaction data to provide readers with unique insights in the carwash industry.

MIAMI — Car Wash Advisory announced in a press release the debut of its publicly available and accessible database of historical carwash M&A transactions.

This resource, which will be continually updated both on a historical and move-forward basis, provides a window into the largest and most meaningful M&A transactions in the carwash industry, the company said.

Rocket Carwash completes third California acquisition of 2023

OMAHA, Neb. — In addition to this Woodcrest location, the company acquired washes in Temecula and Loma Linda as part of its growth strategy.

Quick Quack rebrands 5 Kelly’s Car Wash locations

STOCKTON, Calif. — The carwash chain is holding special fundraisers and free washes to celebrate the grand reopenings.

Tommy’s Express celebrates 150th location milestone

HOLLAND, Mich. — With locations in 30 states, Tommy’s Express offers quick service even at peak hours, with a three-minute travel down the carwash tunnel.

Turbo Tint opens newest franchise in Austin, Texas

ORLAND PARK, Ill. — This is the first location in Texas, and the company has plans to bring the brand to the Las Vegas, Phoenix, Tucson and Houston markets.

Other Posts

Listen up

Expert tips for how business leaders can readily address the root causes of stress and burnout and ultimately facilitate a culture of caring.

Take 5 Car Wash opens 2 locations in New Orleans area 

NEW ORLEANS — The new sites offer free Pro5 Plus washes and discounted Take 5 Unlimited memberships in celebration of the grand openings.

ZIPS releases final episode of Season 1 Car Wash Convos

FAYETTEVILLE, Ark. — Get to know University of Arkansas Razorbacks’ third baseman and softball star Hannah Gammill during a ride through ZIPS Car Wash.

Jax Kar Wash celebrates 70 years in business

SOUTHFIELD, Mich. — The carwash is celebrating 70 years in business with $0.70 washes along with other specials at all 32 locations.