5 Questions with Justin Landau of El Car Wash – El Car Wash
Justin Landau, co-CEO and co-founder of El Car Wash, said the wave of investment has brought a new level of professionalism to the field — which carries some negative connotations in popular culture.“‘Breaking Bad’ has given rise to this misconception,” Landau said.The crime series' protagonist uses a car wash to launder money, but Landau points out that El Car Wash only accepts credit card payments, so there's no wads of cash to hide in a briefcase. But El Car Wash is environmentally friendly in another way -- the tunnel-style car wash recycles and reuses much of the water used.El Car Wash completed a recapitalization with Warburg Pincus in 2022. Landau, who co-founded the chain with Geoffrey Karas, spoke to Commercial Observer about his business strategy.This interview has been edited for brevity.Commercial Observer: In April, you bought a site in Pembroke Pines for $6.5 million. Is that a typical price for land?Justin Landau: Yes and no. It was a turnkey site…
5 Questions with Justin Landau of El Car Wash – Best Car
Justin Landau, co-CEO and co-founder of El Car Wash, said the wave of investment has brought a new level of professionalism to the field — which carries some negative connotations in popular culture.“‘Breaking Bad’ has given rise to this misconception,” Landau said.The crime series' protagonist uses a car wash to launder money, but Landau points out that El Car Wash only accepts credit card payments, so there's no wads of cash to hide in a briefcase. But El Car Wash is environmentally friendly in another way -- the tunnel-style car wash recycles and reuses much of the water used.El Car Wash completed a recapitalization with Warburg Pincus in 2022. Landau, who co-founded the chain with Geoffrey Karas, spoke to Commercial Observer about his business strategy.This interview has been edited for brevity.Commercial Observer: In April, you bought a site in Pembroke Pines for $6.5 million. Is that a typical price for land?Justin Landau: Yes and no. It was a turnkey site…
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