Membership Revenue Model
Recurring unlimited wash memberships create stable monthly cash flow, improved customer retention, and more predictable operating performance.
Institutional Platform Strategy | Accredited Investors Only
Building a scalable express car wash investment platform with institutional exit potential.
MILD Capital is raising $40M to develop a concentrated 20+ location express car wash platform. The strategy combines recurring membership revenue, high-margin operations, premium real estate ownership, and scalable platform economics designed for long-term cash flow and institutional exit optionality.
20+
Target Locations
Scalable multi-unit rollout
FL
Platform Strategy
Concentrated territory model
$40M
Equity Raise
Target LP capitalization
45%
Target EBITDA Margin
High-margin express model
Investment Thesis
High-margin recurring revenue paired with premium real estate ownership.
The fund is focused on building a concentrated express car wash platform with scalable unit economics, recurring membership revenue, institutional-quality real estate, and long-term platform value creation. The strategy is designed to create both strong annual cash flow and significant enterprise value at exit.
Scalable Platform Strategy
The strategy targets 20+ locations with the ability to repeat the model across additional territories and markets over time.
Premium Real Estate Ownership
Grade-A locations can increase unit revenue, improve exit multiples, create barriers to entry, and generate long-term appreciation alongside operating cash flow.
Institutional
Private equity and institutional investors continue entering the fragmented express car wash sector.
<20%
The 50 largest operators control less than 20% of market share, creating significant consolidation opportunity.
5%
The industry is projected to grow approximately 5% annually over the next decade.
Fund Structure
Structured for alignment between LPs and the General Partner.
The fund is designed to combine long-term real estate appreciation with recurring operational cash flow through a concentrated multi-unit development strategy.
Fund Size
$40M Equity Raise
Target LP capitalization
Project Capitalization
$130M
Estimated total capitalization
Preferred Return
8% Preferred
On unreturned LP capital
LP / GP Split
80% / 20%
Remaining profits after LP pref
Target Platform
20+ Sites
Scalable multi-market rollout
Exit Optionality
$200M\+ Exit Target
Private equity platform exit potential
Why We Win
Speed, scale, and territory concentration create the competitive moat.
MILD Capital is designed to move quickly in high-growth markets, secure premium locations, and build concentrated territory density before competitors can replicate the footprint.
Speed wins in the car wash industry
Capital and execution speed are critical advantages in securing prime territories and creating defensible local market share.
Concentrated geography maximizes efficiency
Density improves marketing leverage, operations, staffing efficiency, customer awareness, and long-term platform value.
Repeatable investment platform
The fragmented industry provides significant runway to repeat the investment model across additional markets and territories.
Partner with MILD Capital to build a premier express wash platform.
The fund targets strong recurring cash flow, real estate-backed downside protection, and long-term institutional exit potential through a concentrated multi-unit development strategy.
General Partner
Led by an experienced operator with transaction and capital markets background.
Dan Shuman combines operating, development, and capital raising experience with a long history of building and managing scalable businesses.
General Partner
Dan Shuman, JD/MBA
Founder and Managing Partner
Development & Operations
Site Selection & Execution
Responsible for site selection, development, and operations
Operating Experience
20+ Years
Owner of a national asset brokerage business and retail operation
Capital Markets Background
M&A & Capital Raises
Investment banking experience handling capital raises and mergers & acquisitions
Alignment
GP Equity Participation
Aligned with investors through equity ownership and promote structure
Investment Focus
Multi-Unit Platform Growth
Focused on scalable recurring revenue businesses and premium land development strategies