This fund invests in the acquisition and development of Tommy’s Express Car Washes in high growth markets. Our strategy is to grow our portfolio of car washes within 5-7 years, aggregating them to appeal to a large institution as there is substantial demand for such portfolios by private equity institutions. This is not intended as a long-term hold investment, but rather build and sell. On the other hand, PPR’s Reliant Income Fund invests in a diverse set of real estate investments within the housing sector, offering a flat preferred return and aiming to preserve capital.

There are 7 car wash locations in the fund, including the Chambersburg, PA site which is the most visited site in Pennsylvania. Olympus Pines, however, operates 29 car washes today and has more than 70 further projects under development, and investors benefit from the exit multiple of the entire portfolio.

All the sites in this fund will be owned.

PPR’s operating partner, Olympus Pines, is one of the largest developers and operators of Tommy’s Express car washes with over 100 planned projects across 10 states. The team consists of operations professionals with decades of combined experience in the car wash space and has proven experience both operating stabilized car washes and bringing them through development to stabilization.

As with all real estate, location is key. PPR and Olympus Pines work closely with the analytical team at Tommy’s to help identify attractive, high growth markets to grow our portfolio. The team focuses on Class A locations within those markets. While Tommy’s Express business model has already proven to be successful, our risk mitigation strategy focuses on locations with the highest probability to succeed. As with any operating business, there are also ongoing performance risks. The team at PPR and Olympus Pines continuously monitor performance of the operating sites and apply marketing tactics that drive subscriptions across the portfolio.

Investor returns are derived from both the net operating cash flow of the car washes in the fund as well as the equity appreciation realized upon exit (which we anticipate being the majority of the overall return on investment). The projected total return is based on our latest market intelligence of similar assets, which have recently transacted at values ranging from 16 to 24 times their adjusted earnings.

We expect an approximate hold time of 5 to 7 years until an exit, based on Olympus Pines’ previous experience.

Each site takes about 24 months to ramp through its development phases. The first distribution is typically paid approximately 24 months after the investment is funded. As of the end of 2025, the Opportunity Fund II had 3 operational car wash sites and 4 under development.

The minimum investment is $150,000.

Yes. The car washes in the fund are eligible for accelerated depreciation benefits. These benefits will be realized once the locations are operational and will be passed on to investors. Note that this is a development fund, and we expect it to take 12-24 months for each site to become operational. Due to unpredictable changes in the tax code, we do not provide exact depreciation estimates, however, based on prior experience, we have realized passive losses of more than 75% of invested capital within the first year a site is operational. Note: Passive losses typically may be carried forward into future tax years and may be used to offset passive income. Please consult with a tax professional for any accounting advice.

Distributions from net cash flow are treated as passive income and proceeds from an exit are treated as capital gains. All investors are encouraged to speak to tax advisors before investing.

Yes, we have many investors who participate in our offerings using qualified funds. We recommend consulting with your tax advisor before investing through an IRA or retirement plan as the investment could be subject to UBIT.

Historically, private equity institutions have been interested in nearly any industry that demonstrates low-risk, predictable cash flows coupled with substantial upside. Until recently, car washes did not fit this model as cash flows varied significantly depending on weather conditions and the local market, making them unattractive for bulk Wall Street investment. Over the past decade, however, the car wash industry has evolved to the subscription model and implemented substantial technological improvements that have increased operating margins. A geographically diverse portfolio of modern car washes, with expenses minimized by modern technology and revenue derived from predictable monthly memberships, is now exactly the type of bulk investment sought after by private equity firms worldwide.

The car wash industry remains highly fragmented. Independent reports, including those from consulting firms and investment banks that vigilantly cover the space, suggest that saturation is still over a decade away. Olympus Pines also focuses on areas with less saturation and prioritizes market density to create economies of scale.

The Opportunity Fund II invests specifically in Tommy’s Express Car Washes, which feature an extremely environmentally friendly car wash blueprint. All washes are built to be LEED certified, and also reclaim and filter the vast majority of the water used in each wash. Furthermore, all chemicals and detergents used in the wash process are sourced directly from Tommy’s and are fully biodegradable, ensuring that any water that cannot be reclaimed does not adversely affect the local environment.

Industry data shows that historically car washes are very resilient to recessions, also benefitting from subscription models. Through careful site selection, it is anticipated that customers within the markets that the Opportunity Fund II is investing in will maintain their car wash routines even in economic downturns.