South Carolina Business Review

Car Wash Entrepreneur Receives SC Funding

By Mike Switzer

Published September 15, 2021 at 5:30 AM EDT

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Our next guest is a University of South Carolina computer engineering graduate who became a serial entrepreneur with three successful startups and exits. His fourth recently received funding from our state’s VentureSouth angel fund for a car wash business that has begun operations in five states, including this year in ours.

Mike Switzer interviews Scot Wingo, CEO and co-founder of Spiffy in Durham, NC.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

See stories by Mike Switzer