Texas Business Buyers is pleased to announce the successful transition of Kustom Klean Car Wash to new ownership.
Frank Harris and several local investors saw the need for a premium car wash experience in Fredericksburg, and developed the Friendship Lane property in 2013. Since then it has offered industry-leading options of self-service, full-service, full details and waxes, and even a convenient dog wash.
Once the Car Wash was up, running, and had developed a successful track record of high reviews, well-trained employees, and stable earnings, the ownership team quarterbacked by Harris decided it was time to sell the business to long-term operators so they could pursue other ventures.
The team at Texas Business Buyers helped prepare the business presentation to showcase the unique business model as well as the upside potential of the corner lot next to the wash which was also owned by the same investor group and the offering was prepared as a package to appeal to business and real estate investor groups. A rush of buyer activity quickly ensued once it was placed on the market, with the winning bid going to John and Zach Moorman of Lechuguilla Ventures.
The Moorman brothers own and operate other car washes around the region and have an experienced management team in place to operate it and welcomed the chance to expand into Fredericksburg. The transition of ownership has been smooth as the employees have been retained by the new owners and there has been a seamless continuation of the excellent quality of wash and details Kustom Klean provides its loyal customers. Most people probably don’t know it sold, and that’s the hallmark of a good handoff of a good business.
Please swing by 516 Friendship Lane in Fredericksburg for a wonderful experience keeping your car looking like new.