We Sold our Car Wash Small Business.

Selling our car wash business with Henry Lopez & David Begin. Henry and David announce and discuss the recent sale of the highly successful exterior-express car wash business, Wild Blue Carwash, with three locations in Colorado. They share highlights of how and why they decided to sell this small business, the emotions associated with the sale, the process they followed, and what’s next for each of them.

Topics and questions covered on this episode include:

• Summary of our Car Wash business. When did we start this small business?
• What’s happening in the car wash industry? How has the industry evolved?
• Why did we consider selling our small business?
• Why David considered selling the company?
• Partnership considerations. Why and how did we work as business partners?
• Why did Henry agree to sell the Quincy location of the business?
• The financial decision. High-level conversation of how we looked at the financials of the proposed deal to decide if it made sense to sell the business.
• The Emotional decision. There are emotions to be considered when deciding to sell a small business.
• The process of selling this small business.
• What’s next for us as entrepreneurs?