Mace Security International
, announced that it has sold a car wash facility located in Lubbock, Texas. With the sale, the corporation currently has seven remaining car washes. The sales price for the Lubbock car wash was US$750,000 with the company netting $733,000 in cash after closing costs.
"We are pleased to announce this sale as it displays continued progress in achieving our goal of exiting the car wash business," said Dennis Raefield, CEO and President at Mace.
Mace currently owns six car wash locations and leases one location in Texas.