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Local car wash chain goes whole hog into first private equity-backed acquisition richmondbizsense.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from richmondbizsense.com Daily Mail and Mail on Sunday newspapers.
Local car wash chain strikes private equity deal to fuel expansion plans richmondbizsense.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from richmondbizsense.com Daily Mail and Mail on Sunday newspapers.
Longtime employee takes over Flagstop Car Wash and cleans up Photos courtesy of Flagstop Car Wash) In 1994, Jamie Nester was a new student at John Tyler Community College and looking for a summer job. In his search he met Bob Schrum, then-owner of Flagstop Car Wash, who offered him a gig washing cars. Pay was $4.25 per hour, plus tips. Nearly 30 years later, a lot has changed. Nester now owns Flagstop, which boasts eight figures of annual revenue. Nester has the company on the move, with three new locations in the works in the Richmond area: Stonebridge Shopping Center at 7000 Tim Price Way in Chesterfield; 360 E. Hundred Road in Chester; and on the site of a current Village Car Wash at 2806 Old Pump Road in Short Pump. ....