Investment Overview

Mister Car Wash, founded in 1969 in Houston, Texas, is the largest and most recognizable car-wash chain in the United States. Headquartered in Tucson, Arizona, the company has scaled through a combination of strategic acquisitions and organic growth, becoming a dominant force in the automotive services industry. Its operating model centers on high-efficiency express tunnel washes supported by its highly successful Unlimited Wash Club® (UWC) program—a subscription service that provides recurring, predictable revenue and drives customer loyalty. As of June 2025, Mister Car Wash operates over 522 locations in 21 states, with a footprint concentrated in high-growth Sunbelt and suburban markets. The brand serves more than 2.2 million active Unlimited Wash Club members—an increase of nearly 100,000 members year-over-year—demonstrating continued traction in its subscription-based revenue strategy. In full-year 2024, Mister Car Wash generated approximately $995 million in revenue and reported over 8,000 employees across its corporate structure. The company remains entirely corporate-operated—Mister Car Wash does not franchise its locations—and all real estate leases are backed by the parent company under a corporate guarantee.