Andover is actively acquiring car wash properties across the United States, with a focus on the Southeast US and markets where other Andover verticals already have a presence. Currently we own and operate car washes across Florida, Georgia, and South Carolina. We believe car washes offer attractive risk-adjusted returns for the following reasons:

  • Localized good with no threat from e-commerce
  • Recurring revenue through customer subscription model
  • Low capex requirements
  • Attractive yield profile
  • Favorable depreciation / bonus depreciation tax treatment