Caliber Car Wash - Case Study

Caliber Car Wash
  • Investment period: 2020 - 2022
  • Headquarters: Atlanta, GA
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Company Overview

Multi-unit operator and developer of express car washes. Founded by Danny York and Mac McCall

Investment Thesis

  • Introduction of new express tunnel technology for car washes provided a more efficient wash at a cheaper cost
  • Shift to the express tunnels paved the way for a membership revenue model, providing consistent, recurring revenue

Eagle Value Creation

  • Institutionalized practices around new unit development, data analysis, financial reporting, and grand opening marketing
  • Built a cohesive team at the Corporate level that provided ongoing operational support to the rapidly growing base of open and pipeline locations

Improved 4-wall metrics

  • Doubled open units in under a year
  • Quadrupled the number of units in development
  • Increased EBITDA by over 150%
  • Grew founder’s rollover equity by over 5x