Dirty Dog's Car Wash Sale Leaseback Transaction in Melbourne, Florida

Introduction:

Ascension Advisory is pleased to highlight the successful completion of a sale leaseback transaction for Dirty Dog's Car Wash, a private equity backed car wash group in the Southeast United States. This strategic move aimed to unlock capital tied up in the real estate asset, providing Dirty Dog's Car Wash with additional capital to reinvest in its business operations to support further growth. 

Client Objective:

Dirty Dog's Car Wash, a leading car wash operator, collaborated with the Ascension team to optimize its capital structure by unlocking the value embedded in its real estate asset located in Melbourne, Florida. The primary objective was to unlock capital for business growth, while maintaining operational continuity at the location.

Solution:

Drawing on its industry knowledge and a robust association with a recurring buyer, Ascension orchestrated a smooth sale-leaseback transaction. The repeat buyer, recognized for their success in previous dealings with Ascension, showcased a thorough comprehension of Dirty Dog's Car Wash's objectives and the significance of the recently launched location. Their highly competitive offer secured them the site following multiple rounds of bidding.

Conclusion:

This sale leaseback transaction stands as a testament to the ongoing successful partnership between Dirty Dog's Car Wash and Ascension Advisory, exemplified by a handful of successful transactions together. This latest deal allows Dirty Dog's Car Wash to unlock substantial capital, reinvest in its core operations, and maintain competitiveness in the evolving car wash industry. The long-term leaseback agreement ensures operational continuity at the location, demonstrating tenant’s commitment to the site and providing a robust foundation for future growth.