Car Wash of America

Client
Superior Court of the State of California, San Diego County.
Plaintiff – Credit Suisse First Boston.

Project Description
Three Chevron service station and car wash facilities as well as one Jiffy Lube Service Center in San Diego, California.

Scope of Work
Douglas Wilson Companies, agent for Receiver, controlled property management and operations oversight. DWC performed a comprehensive financial analysis and implemented cash controls as well as a system of checks and balances to manage outflow of funds from the company’s bank accounts. This included resolving relationship concerns and settling debts owed to key suppliers, vendors and employees for pre-receivership operations. DWC arranged for and supervised onsite inspections for each location and held regular meetings to appropriately communicate with the site managers. Currently, DWC is working to resolve and remediate environmental issues present on the property.