Jax Kar Wash is a family-operated business serving drivers in Michigan since it opened in 1953. Today, Jax Kar Wash is led by second and third-generation family members who proudly continue the legacy of providing customers with a clean, dry, and shiny car quickly and in a friendly, efficient environment for a great value - as well as offering their famous Jax Unlimited Club!
FocusCFO is proud to have worked closely with this family business, guiding them on their climb to sustainable, transferrable value and a successful exit.
Jax Kar Wash had a solid growth plan in place when the IPO of a competitor opened its eyes to a potentially higher exit value. Enter FocusCFO, a national leader in Fractional CFO services, who seamlessly helped to pivot the company from growth mode to "deal mode."
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This case study reveals how FocusCFO:
- Prepared Jax Kar Wash for a rapid exit: From crafting the Confidential Information Memorandum (CIM), to navigating due diligence, they ensured the company was ready to shine.
- Secured optimal value and favorable terms: The deal structure benefited all stakeholders, from cash payouts for non-operating family members to continued involvement for the operating generation.
- Preserved the family legacy: Jax Kar Wash found a buyer aligned with their values, allowing the business to thrive under the next generation.
