/biz/ - Business & Finance

Anonymous Wed, Aug 24, 2022 12:37:15 No.51072423 [View]
File: 1.17 MB, 1300x847, 1657438376905.png [View same] [iqdb] [saucenao] [google]

>Subscriptions for a monthly fee. Drivers can go to the car wash as many times as they want. Take Brown Bear Car Wash in Seattle. The top tier, called the Beary Best, is 44.99 a month. That compares to $18 for a single wash.
>You don't know that this small business is actually a small business owned by an entrepreneur. It might be a private equity-owned business and in some cases it definitely is. It depends on the industry, but there's some industries that have become completely dominated by private equity and increasingly car washes are one of them.
https://www.wsj.com/podcasts/the-journal/why-private-equity-is-buying-up-car-washes/9e0c89b8-eb61-416a-8354-1b9bf67c2306
What else are they going to make us subscribe for?

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/biz/ - Business & Finance

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