HUTTON launches a new venture called ModWash, an express car wash that is backed by our real estate, development, and investment team.
HUTTON plans to roll out 100 ModWash locations by the end of 2023 with the growth plan focused primarily on ground-up developments paired with redevelopments and an occasional started acquisition.
All ModWash locations will feature state-of-the-art wash equipment and technology, resulting in an environmentally conscious wash and an exceptional guest experience.
HUTTON will own the land and buildings and will lease to ModWash, which will be its own operating entity.
“Each building takes about $3.5 million to $4 million to build. Permitting and construction takes about 14 months,” said Karen Hutton, President & CEO of HUTTON.
Locations for this year are planned in South Carolina, Florida, and New Jersey. ModWash plans to operate in 15 states by the end of 2023.