09/01/2026
Self-storage is an interesting reference point for express car wash.
Twenty years ago, self-storage was a highly fragmented industry dominated by smaller, independent operators. Over time, institutional capital entered the sector, operators consolidated, technology improved and professionally managed platforms began to take market share.
Today, self-storage is a well-established institutional real estate asset class. Express car wash is earlier in that journey.
The market remains highly fragmented, but larger operators are increasingly bringing institutional capital, better technology, stronger site selection and more sophisticated operating models to the sector.
There is also an important difference. A storage facility is predominantly a real estate and occupancy business. A car wash combines the underlying real estate with an operating business and a consumer brand.
You have to continually earn the customer through location, service, technology and experience.
That is a big part of the opportunity we see at AquaSonic. Henley Car Wash provides the real estate, development and investment platform. AquaSonic provides the operating business and consumer brand.
The opportunity isn’t simply to own more car washes. It’s to build a scaled, professionally managed platform in a fragmented industry that we believe is still relatively early in its institutionalisation.