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Mister Car Wash® Growing in Florida

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Mister Car Wash (NYSE: MCW) has expanded its Florida presence by acquiring two locations in the Orlando area, one of which recently opened, while the other is set to open in Fall. Renovations included updating signage, member lanes, and new wash equipment. The company aims to enhance customer experience, particularly for Unlimited Wash Club members. This expansion aligns with Mister's strategy to complement its existing market footprint and improve service quality.

Positive
  • Acquired two new car wash locations in Orlando, enhancing market presence.
  • Recent opening of the Silver Star location expands customer access.
  • Renovations include upgraded equipment and dedicated member lanes.
Negative
  • The second location is still under renovation and not yet operational.
  • Forward-looking statements indicate risks associated with expansion and operations.

TUCSON, Ariz., Aug. 11, 2021 /PRNewswire/ -- Mister Car Wash, Inc. ("Mister" "Company" NYSE: MCW) has expanded its presence in Florida with the acquisition of two new locations in the Orlando area. The two locations, one near downtown off Silver Star Road and one in Millenia on Orange Blossom Trail, were acquired in April of 2021 and have been closed for renovation and upgrades.

The Silver Star location at 4551 Silver Star Rd., Orlando, FL opened earlier this week and the Orange Blossom Trail location at 5275 S Orange Blossom Trl., Orlando, FL is scheduled to open in the Fall.

"These two locations presented a unique opportunity to strategically add locations in Orlando," said Casey Lindsay, vice president corporate development for Mister Car Wash. "We are always looking to acquire locations that complement our footprint in an existing market. Now that they are being renovated to reflect the Mister brand and our service offering, these locations will serve our Unlimited Wash Club® members and give customers more access to our signature experience," he continued.

During the renovation process, the Company updated signage and building aesthetics, added dedicated Unlimited Wash Club member lanes, installed new wash equipment, and added proprietary Mister cleaning and chemistry systems.

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 circumstances, 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), and 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 at www.sec.gov and Investors Relations section of the Company's website at www.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  

Cision View original content:https://www.prnewswire.com/news-releases/mister-car-wash-growing-in-florida-301353577.html

SOURCE Mister Car Wash

FAQ

What new locations did Mister Car Wash acquire in Florida?

Mister Car Wash acquired two locations in Orlando, Florida.

When is the second Mister Car Wash location opening in Orlando?

The second location on Orange Blossom Trail is scheduled to open in Fall 2021.

What improvements were made to the new Mister Car Wash locations?

Renovations included updated signage, dedicated member lanes, and new wash equipment.

How does the acquisition fit into Mister Car Wash's business strategy?

The acquisition allows Mister Car Wash to strategically enhance its footprint in the Orlando market.

What risks are associated with Mister Car Wash's expansion efforts?

Risks include competition, customer retention, and operational challenges related to new locations.

Mister Car Wash, Inc.

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