Mister Car Wash Expands Presence in California’s Central Valley with Two New Locations (2024)

New Turlock and Riverbank locations represent further investment in growing central California

TUCSON, Ariz., July 30, 2021 /PRNewswire/ —Mister Car Wash, Inc.(the “Company” or “Mister”; NYSE: MCW), is expanding its presence in the Golden State with the addition of two new Central Valley locations in Turlock and Riverbank.

The Turlock location on 1400 Geer Rd. opened earlier this week, and the Riverbank location on 2369 Claribel Rd. is scheduled to open in August.

“We’ve seen tremendous growth in California since first entering the state in 2017,” said Ryan Darby, vice president of development and construction at Mister Car Wash. “These two new locations expand our footprint in the Central Valley and complement the existing network of stores throughout the region giving our customers and members even more options to keep their cars shining.”

Mister has 39 locations throughout California, employing over 500 team members state-wide. For those who want to experience the Mister “shine” for themselves, the new Turlock and Riverbank locations will be celebrating by offering special promotions on Unlimited Wash Club® memberships.

Hours of operation for both stores are 7:30 am – 8:00 pm Monday – Saturday and 8:00 am – 6:00 pm on Sunday. For more information about the new locations, please visithttps://mistercarwash.com/location/geer/orhttps://mistercarwash.com/location/claribel/.

Join the Mister Car Wash Team
Candidates interested in joining the Mister Car Wash team at any local store can apply online at careers.mistercarwash.com. Mister Car Wash is an equal opportunity employer, and new team members will receive a wide variety of benefits including competitive pay, paid-time-off earned from day one, generous benefits, and free car washes.

About Mister Car Wash® |Inspiring People to Shine®
Headquartered in Tucson, Arizona, Mister Car Wash, Inc. (NYSE: MCW) operates over 340 car washes nationwide and has the largest car wash subscription program in North America. With over 25 years of car wash experience, the Mister team is focused on operational excellence and delivering a memorable customer experience through elevated hospitality. The Mister brand is anchored in quality, friendliness and a commitment to the communities we serve as good stewards of the environment and the resources we use. We believe that when you take care of your people, they will take care of your customers. To learn more visit:https://mistercarwash.com

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release include but are not limited to Mister Car Wash’s expansion efforts and branding initiatives. Words including “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “seek,” or “should,” or the negative thereof or other variations thereon or comparable terminology are intended to identify forward-looking statements. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circ*mstances, including any underlying assumptions, are forward-looking.

These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: developments involving the Company’s competitors and its industry; the Company’s ability to attract new customers, retain existing customers and maintain or grow its number of subscription members; potential future impacts of the COVID-19 pandemic; the Company’s ability to open and operate new locations in a timely and cost-effective manner; the Company’s ability to identify suitable acquisition targets and consummate such acquisitions on attractive terms; the Company’s ability to maintain and enhance its brand reputation; the Company’s reliance on and relationships with third-party suppliers; risk related to the Company’s indebtedness and capital requirements; risk related to governmental laws and regulations applicable to the Company and its business; the Company’s ability to maintain security and prevent unauthorized access to electronic and other confidential information; and the other important factors discussed under the caption “Risk Factors” in the Company’s final prospectus filed with the Securities and Exchange Commission (the “SEC”) on June 28, 2021 pursuant to Rule 424(b)(4), as such factors may be updated from time to time in its other filings with the SEC, which are accessible on the SEC’s website atwww.sec.govand Investors Relations section of the Company’s website atwww.mistercarwash.com.

These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement that the Company makes in this press release speaks only as of the date of such statement. Except as required by law, the Company does not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.

For more information contact:
Media
Megan Everett
media@mistercarwash.com

Investor Relations
Farah Soi/Caitlin Churchill
ir@mistercarwash.com

Mister Car Wash Expands Presence in California’s Central Valley with Two New Locations (1)View original content to download multimedia:https://www.prnewswire.com/news-releases/mister-car-wash-expands-presence-in-californias-central-valley-with-two-new-locations-301344974.html

SOURCE Mister Car Wash

Released July 30, 2021

Mister Car Wash Expands Presence in California’s Central Valley with Two New Locations (2024)

FAQs

Mister Car Wash Expands Presence in California’s Central Valley with Two New Locations? ›

(the “Company” or “Mister”; NYSE: MCW), is expanding its presence in the Golden State with the addition of two new Central Valley locations in Turlock and Riverbank. The Turlock location on 1400 Geer Rd. opened earlier this week, and the Riverbank location on 2369 Claribel Rd. is scheduled to open in August.

How many Mister car washes are there in California? ›

Mister has 39 locations throughout California, employing over 500 team members state-wide. For those who want to experience the Mister "shine" for themselves, the new Turlock and Riverbank locations will be celebrating by offering special promotions on Unlimited Wash Club® memberships.

How many Mister Car Wash locations are there? ›

Mister Car Wash is the largest car wash operator in North America, operating over 475 locations nationwide. The Mister brand is anchored in quality, friendliness, and our commitment to creating memorable customer experiences.

When did Mister Car Wash go public? ›

Pure-Play Carwash Company Accesses Public Stock Markets

On Monday June 28, 2021, Mister Car Wash (NYSE: MCW) launched publicly at $18.90 per share despite the original initial public offering starting at $15.00 per share.

How many Mister car washes are in Florida? ›

The addition of these locations will bring the Company's total operating stores in Florida to 65, with new market entry into 5 MSAs including Cape Coral/ Ft.

Who is the CEO of Mister Car Wash? ›

John Lai is Chairman, CEO, and President of Mister Car Wash. Before being named CEO in 2013, John was the Chief Operating Officer.

Is it legal to wash your car at home in California? ›

You may wash your car at home as long as you use a shutoff nozzle on your hose. To save more water, use a bucket with soap and water and only rinse with the hose. Alternatively, you can take your car to a car wash that utilizes recycled water.

Who owns Mr Clean car wash? ›

Headquartered in Atlanta, Mr. Clean Car Wash is a national franchise owned by The Procter & Gamble Company and franchised through its subsidiary, Agile Pursuits Franchising, Inc. Through the acquisition and rebranding of Carnett's Car Washes, one of the nation's top car wash franchise companies, Mr.

How much profit does Mister Car Wash make? ›

Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. Mister Car Wash net profit margin as of March 31, 2024 is 8.04%.

Is mister car wash growing in same store sales? ›

Same-store sales growth of 3% to 5%. Net new store growth of approximately 205 to 220. Maintenance: approximately 165 to 185 stores of which approximately 65% will be franchise and 35% company-operated. Car Wash: approximately 5 to 10 stores all from the international business.

Is Mister Car Wash a good stock? ›

Next, on comparing with the industry net income growth, we found that Mister Car Wash's growth is quite high when compared to the industry average growth of 19% in the same period, which is great to see. Earnings growth is a huge factor in stock valuation.

What is the oldest car wash? ›

The Automobile Laundry in Detroit, Michigan, opened in 1914 by Frank McCormick and J.W. Hinkle, is considered the first business in the U.S. to adopt the name "car wash" for their services.

How many car washes are in California? ›

California, the state with the largest population and a legendary love of the automobile, not surprisingly ranked first in the number of car washes and car wash employees in 2019 (2,025 and 24,851, respectively).

Where is the longest car wash in the US? ›

That would be the 255-foot-long Buc-ee's car wash in Katy, Texas, which was confirmed as the longest by the Guinness Book of World Records when it opened in 2017, with 17 blowers and 32 vacuum stations.

Does Mister Car Wash Unlimited work at all locations? ›

Your new favorite membership! Join the Unlimited Wash Club® and wash as often as you want at any of our locations nationwide.

What company owns the most car washes? ›

Driven Brands. Driven Brands is headquartered in Charlotte, NC and is the largest automotive services company in North America, providing a range of consumer and commercial automotive needs including oil change and car washes.

What is the profit margin for Mister Car Wash? ›

The current operating profit margin for Mister Car Wash as of March 31, 2024 is 8.98%.

Is Mister Car Wash growing in same store sales? ›

Same-store sales growth of 3% to 5%. Net new store growth of approximately 205 to 220. Maintenance: approximately 165 to 185 stores of which approximately 65% will be franchise and 35% company-operated. Car Wash: approximately 5 to 10 stores all from the international business.

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